At the time of writing, Newmont Corp [NEM] stock is trading at $39.13, up 2.54%. 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 5.13% over the last week, with a monthly amount drifted -4.82%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, JP Morgan upgraded its rating to Overweight on November 19, 2024. On October 30, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $54 on the stock. CIBC downgraded its rating to a Neutral. Scotiabank downgraded its rating to a Sector Perform. Argus upgraded its rating to Buy for this stock on August 29, 2024. In a note dated August 19, 2024, Scotiabank upgraded an Sector Outperform rating on this stock and boosted its target price from $48 to $59.
For the past year, the stock price of Newmont Corp fluctuated between $29.42 and $58.72. Currently, Wall Street analysts expect the stock to reach $57.86 within the next 12 months. Newmont Corp [NYSE: NEM] shares were valued at $39.13 at the most recent close of the market. An investor can expect a potential return of 47.87% based on the average NEM price forecast.
Analyzing the NEM fundamentals
According to Newmont Corp [NYSE:NEM], the company’s sales were 16.84B for trailing twelve months, which represents an 84.72% jump. Gross Profit Margin for this corporation currently stands at 0.22% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.29.
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 38.44 points at the first support level, and at 37.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.48, and for the 2nd resistance point, it is at 39.84.
Ratios To Look Out For
It is important to note that Newmont Corp [NYSE:NEM] has a current ratio of 1.96. Also, the Quick Ratio is 1.62, while the Cash Ratio stands at 0.47. Considering the valuation of this stock, the price to sales ratio is 2.65, the price to book ratio is 1.52.
Transactions by insiders
Recent insider trading involved Palmer Thomas Ronald, President & CEO, that happened on Dec 02 ’24 when 13000.0 shares were sold. EVP & CDO, Toth Peter completed a deal on Dec 02 ’24 to sell 3000.0 shares. Meanwhile, EVP & COO Viljoen Natascha sold 9000.0 shares on Dec 02 ’24.
