At the time of writing, Newmont Corp [NEM] stock is trading at $55.85, up 2.51%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NEM shares have gain 5.16% over the last week, with a monthly amount glided 7.32%, 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 29, 2024, when Argus upgraded its rating to a Buy. Previously, Scotiabank upgraded its rating to Sector Outperform on August 19, 2024, and elevated its price target to $59. On July 10, 2024, upgrade upgraded it’s rating to Sector Outperform but maintained its price target of $61 on the stock. JP Morgan downgraded its rating to a Neutral. UBS upgraded its rating to a Buy and raised its price target to $50 on June 17, 2024. In a note dated February 26, 2024, Argus downgraded an Hold rating on this stock.
For the past year, the stock price of Newmont Corp fluctuated between $29.42 and $55.67. Currently, Wall Street analysts expect the stock to reach $62.09 within the next 12 months. Newmont Corp [NYSE: NEM] shares were valued at $55.85 at the most recent close of the market. An investor can expect a potential return of 11.17% based on the average NEM price forecast.
Analyzing the NEM fundamentals
According to Newmont Corp [NYSE:NEM], the company’s sales were 14.72B for trailing twelve months, which represents an 59.37% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.3.
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 54.73 points at the first support level, and at 53.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.53, and for the 2nd resistance point, it is at 57.21.
Ratios To Look Out For
It is important to note that Newmont Corp [NYSE:NEM] has a current ratio of 2.11. Also, the Quick Ratio is 1.73, while the Cash Ratio stands at 0.45. Considering the valuation of this stock, the price to sales ratio is 4.35, the price to book ratio is 2.19.
Transactions by insiders
Recent insider trading involved Toth Peter, EVP & CDO, that happened on Sep 03 ’24 when 3000.0 shares were sold. President & CEO, Palmer Thomas Ronald completed a deal on Sep 03 ’24 to sell 20000.0 shares. Meanwhile, Officer Toth Peter bought 3000.0 shares on Sep 03 ’24.
