Newmont Corp [NEM] stock is trading at $47.35, down -0.34%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NEM shares have gain 7.30% over the last week, with a monthly amount glided 15.52%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Newmont Corp [NYSE: NEM] stock has seen the most recent analyst activity on July 10, 2024, when CIBC upgraded its rating to a Sector Outperform but kept the price target unchanged to $61 for it. Previously, JP Morgan downgraded its rating to Neutral on July 08, 2024. On June 17, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $50 on the stock. Argus downgraded its rating to a Hold. TD Securities downgraded its rating to Hold for this stock on January 09, 2024. In a note dated November 21, 2023, Macquarie initiated an Outperform rating and provided a target price of $45 on this stock.
Newmont Corp [NEM] stock has fluctuated between $29.42 and $48.02 over the past year. Currently, Wall Street analysts expect the stock to reach $65.73 within the next 12 months. Newmont Corp [NYSE: NEM] shares were valued at $47.35 at the most recent close of the market. An investor can expect a potential return of 38.82% based on the average NEM price forecast.
Analyzing the NEM fundamentals
Newmont Corp [NYSE:NEM] reported sales of 13.12B for the trailing twelve months, which represents a growth of 50.58%. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at -0.16%, and Net Profit Margin reading is -0.2%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.11 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.31.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 46.89 points at the first support level, and at 46.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.98, and for the 2nd resistance point, it is at 48.62.
Ratios To Look Out For
For context, Newmont Corp’s Current Ratio is 2.15. As well, the Quick Ratio is 1.77, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 4.16, the price to book ratio is 1.89.
Transactions by insiders
Recent insider trading involved Palmer Thomas Ronald, President & CEO, that happened on Jul 01 ’24 when 13000.0 shares were sold. EVP & COO, Atkinson Robert D completed a deal on Jan 02 ’24 to sell 5500.0 shares. Meanwhile, EVP & COO Atkinson Robert D sold 5500.0 shares on Dec 01 ’23.
