Newmont Corp [NEM] stock prices are up 3.61% to $46.46 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NEM shares have gain 7.75% over the last week, with a monthly amount glided 18.73%, 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.
The stock price of Newmont Corp [NEM] has been fluctuating 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 $46.46 at the most recent close of the market. An investor can expect a potential return of 23.55% based on the average NEM price forecast.
Analyzing the NEM fundamentals
The Newmont Corp [NYSE:NEM] reported sales of 16.84B for trailing twelve months, representing a surge 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.31.
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 45.95 points at the first support level, and at 45.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.80, and for the 2nd resistance point, it is at 47.14.
Ratios To Look Out For
It’s worth pointing out that Newmont Corp [NYSE:NEM]’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 3.14, the price to book ratio is 1.80.
Transactions by insiders
Recent insider trading involved Toth Peter, EVP & CDO, that happened on Feb 03 ’25 when 3000.0 shares were sold. EVP & COO, Viljoen Natascha completed a deal on Feb 03 ’25 to sell 9000.0 shares. Meanwhile, Director Brook Bruce R sold 2077.0 shares on Feb 03 ’25.
