Newmont Corp [NEM] stock is trading at $43.09, up 3.61%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NEM shares have gain 2.72% over the last week, with a monthly amount glided 13.87%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Newmont Corp [NYSE: NEM] stock has seen the most recent analyst activity on January 13, 2025, when Goldman initiated its Buy rating and assigned the stock a price target of $47.20. On November 19, 2024, upgrade upgraded it’s rating to Overweight. UBS downgraded its rating to a Neutral and decreased its price target to $54 on October 30, 2024. CIBC downgraded its rating to a Neutral. Scotiabank downgraded its rating to Sector Perform for this stock on October 25, 2024. In a note dated August 29, 2024, Argus upgraded an Buy rating on this stock.
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 $57.4 within the next 12 months. Newmont Corp [NYSE: NEM] shares were valued at $43.09 at the most recent close of the market. An investor can expect a potential return of 33.21% 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 0.22% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.31.
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 42.39 points at the first support level, and at 41.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.66, and for the 2nd resistance point, it is at 44.22.
Ratios To Look Out For
For context, Newmont Corp’s Current Ratio is 1.96. Further, the Quick Ratio stands at 1.62, while the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 2.91, the price to book ratio is 1.67.
Transactions by insiders
Recent insider trading involved Brook Bruce R, Director, that happened on Jan 10 ’25 when 2077.0 shares were sold. EVP & CDO, Toth Peter completed a deal on Jan 10 ’25 to sell 3000.0 shares. Meanwhile, EVP & COO Viljoen Natascha sold 9000.0 shares on Jan 10 ’25.
