Newmont Corp [NEM] stock is trading at $43.18, up 1.94%. An important factor to consider is whether the stock is rising or falling in short-term value. The NEM shares have gain 3.85% over the last week, with a monthly amount drifted -25.00%, and not 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 November 19, 2024, when JP Morgan upgraded its rating to a Overweight. Previously, UBS downgraded its rating to Neutral on October 30, 2024, and dropped its price target to $54. On October 28, 2024, downgrade downgraded it’s rating to Neutral. Scotiabank downgraded its rating to a Sector Perform. Argus upgraded its rating to a Buy. Scotiabank upgraded its rating to Sector Outperform for this stock on August 19, 2024, and upped its price target to $59. In a note dated July 10, 2024, CIBC upgraded an Sector Outperform rating on this stock but restated the target price of $61.
Newmont Corp [NEM] stock has fluctuated between $29.42 and $58.72 over the past year. Currently, Wall Street analysts expect the stock to reach $62.59 within the next 12 months. Newmont Corp [NYSE: NEM] shares were valued at $43.18 at the most recent close of the market. An investor can expect a potential return of 44.95% based on the average NEM price forecast.
Analyzing the NEM fundamentals
Newmont Corp [NYSE:NEM] reported sales of 16.84B for the trailing twelve months, which represents a growth of 84.72%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.04 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.29.
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 42.70 points at the first support level, and at 42.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.43, and for the 2nd resistance point, it is at 43.67.
Ratios To Look Out For
For context, Newmont Corp’s Current Ratio is 1.96. On the other hand, the Quick Ratio is 1.62, and the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 2.92, the price to book ratio is 1.67.
Transactions by insiders
Recent insider trading involved Palmer Thomas Ronald, President & CEO, that happened on Nov 01 ’24 when 13000.0 shares were sold. EVP & CDO, Toth Peter completed a deal on Nov 01 ’24 to sell 3000.0 shares. Meanwhile, Officer Toth Peter bought 3000.0 shares on Nov 01 ’24.
