Newmont (NYSE:NEM – Get Free Report) announced its earnings results on Wednesday. The basic materials company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05), Briefing.com reports. The firm had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.67 billion. Newmont had a positive return on equity of 8.35% and a negative net margin of 13.16%. Newmont’s quarterly revenue was up 84.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS.
Newmont Stock Down 10.7 %
Shares of NEM stock traded down $6.18 on Thursday, hitting $51.56. The stock had a trading volume of 11,172,621 shares, compared to its average volume of 10,139,209. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.11 and a quick ratio of 1.85. The business has a 50 day moving average of $53.43 and a 200 day moving average of $46.74. Newmont has a 12-month low of $29.42 and a 12-month high of $58.72. The stock has a market cap of $59.46 billion, a price-to-earnings ratio of -19.85, a price-to-earnings-growth ratio of 0.43 and a beta of 0.50.
Insider Buying and Selling
In other Newmont news, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $53.81, for a total value of $161,430.00. Following the completion of the sale, the executive vice president now owns 91,596 shares in the company, valued at approximately $4,928,780.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Thomas Ronald Palmer sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $52.47, for a total transaction of $1,049,400.00. Following the completion of the sale, the chief executive officer now owns 291,469 shares in the company, valued at approximately $15,293,378.43. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $53.81, for a total transaction of $161,430.00. Following the completion of the sale, the executive vice president now directly owns 91,596 shares in the company, valued at approximately $4,928,780.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,000 shares of company stock worth $3,434,640. 0.06% of the stock is owned by insiders.
Analyst Ratings Changes
Read Our Latest Stock Report 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.
Read More
- Five stocks we like better than Newmont
- P/E Ratio Calculation: How to Assess Stocks
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- Trading Stocks: RSI and Why it’s Useful
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- 3 Tickers Leading a Meme Stock Revival
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for Newmont Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont and related companies with MarketBeat.com's FREE daily email newsletter.