Newmont Corp [NEM] stock is trading at $51.45, up 0.51%. An important factor to consider is whether the stock is rising or falling in short-term value. The NEM shares have gain 4.96% over the last week, with a monthly amount glided 8.80%, 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 August 19, 2024, when Scotiabank upgraded its rating to a Sector Outperform and also boosted its price target to $59 from $48. Previously, CIBC upgraded its rating to Sector Outperform on July 10, 2024, and kept the price target unchanged to $61. On July 08, 2024, downgrade downgraded it’s rating to Neutral. UBS upgraded its rating to a Buy and increased its price target to $50 on June 17, 2024. Argus downgraded its rating to Hold for this stock on February 26, 2024. In a note dated January 09, 2024, TD Securities downgraded an Hold rating on this stock.
Newmont Corp [NEM] stock has fluctuated between $29.42 and $51.39 over the past year. Currently, Wall Street analysts expect the stock to reach $63.19 within the next 12 months. Newmont Corp [NYSE: NEM] shares were valued at $51.45 at the most recent close of the market. An investor can expect a potential return of 22.82% based on the average NEM price forecast.
Analyzing the NEM fundamentals
Newmont Corp [NYSE:NEM] reported sales of 14.72B for the trailing twelve months, which represents a growth of 59.37%. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.07 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.3.
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 51.04 points at the first support level, and at 50.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.96, and for the 2nd resistance point, it is at 52.48.
Ratios To Look Out For
For context, Newmont Corp’s Current Ratio is 2.11. On the other hand, the Quick Ratio is 1.73, and the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 4.01, the price to book ratio is 2.02.
Transactions by insiders
Recent insider trading involved Cage Joshua, CAO and Controller, that happened on Aug 14 ’24 when 1000.0 shares were sold. Officer, Cage Joshua completed a deal on Aug 14 ’24 to buy 1000.0 shares. Meanwhile, President & CEO Palmer Thomas Ronald sold 20000.0 shares on Aug 01 ’24.
