Newmont (NYSE:NEM – Get Free Report) posted its earnings results on Wednesday. The basic materials company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.10, Briefing.com reports. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.13 billion. Newmont had a negative net margin of 20.19% and a positive return on equity of 6.88%. The company’s revenue was up 64.1% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS.
Newmont Trading Down 4.2 %
Shares of NEM traded down $2.00 during mid-day trading on Thursday, hitting $45.70. The company had a trading volume of 12,534,132 shares, compared to its average volume of 11,340,813. The business’s 50-day simple moving average is $43.28 and its 200-day simple moving average is $38.68. The company has a quick ratio of 1.90, a current ratio of 2.15 and a debt-to-equity ratio of 0.32. Newmont has a 1-year low of $29.42 and a 1-year high of $48.97. The stock has a market cap of $52.70 billion, a PE ratio of -17.12, a P/E/G ratio of 0.37 and a beta of 0.47.
Insider Buying and Selling
In other Newmont news, CEO Thomas Ronald Palmer sold 13,000 shares of Newmont stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $42.13, for a total transaction of $547,690.00. Following the transaction, the chief executive officer now directly owns 331,469 shares of the company’s stock, valued at $13,964,788.97. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.06% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Analysis on NEM
Newmont Company Profile
Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.
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