Taking On Challenges And Growing? – Newmont Corp (NEM)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Newmont Announces Pricing of Notes to Repay Outstanding Borrowings Under Revolving Credit Facility.

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Stocks Info

This NYSE-listed company operates within the Gold industry segment, falling under the Basic Materials sector. The current market capitalization of Newmont Corp is $42.41B. A total of 14.84 million shares were traded on the day, compared to an average of 13.38M shares.

In the most recent transaction, Atkinson Robert D sold 5,500 shares of NEM for 41.26 per share on Jan 02 ’24. After the transaction, the EVP & COO now owns 54,251 company shares. In a previous transaction on Dec 01 ’23, Atkinson Robert D sold 5,500 shares at 40.25 per share. NEM shares that EVP & COO owns now total 59,751.

Among the insiders who sold shares, Palmer Thomas Ronald disposed of 11,000 shares on Nov 01 ’23 at a per-share price of $37.60. This resulted in the President & CEO holding 234,039 shares of NEM after the transaction. In another insider transaction, Atkinson Robert D sold 5,500 shares at $37.60 per share on Nov 01 ’23. Company shares held by the EVP & COO now total 65,251.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. NEM’s most recent ex-dividend date was 3/4/2024 when it declared a $0.25 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 12/22/2023 with an ex-dividend date of 11/29/2023. The NEM stock dividend was $0.40 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, NEM has a high of $52.76 and a low of $29.42.

As of this writing, NEM has an earnings estimate of $0.52 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.58 per share and a lower estimate of $0.45. The company reported an EPS of $0.48 in the last quarter, which was -18.60% lower than expectations of $0.59.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. NEM’s latest balance sheet shows that the firm has $5.07B in Cash & Short Term Investments as of fiscal 2021. There were $6.30B in debt and $2.65B in liabilities at the time. Its Book Value Per Share was $25.20, while its Total Shareholder’s Equity was $21.86B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NEM is Buy with a score of 3.85.

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