How Should Investors View Newmont Corporation (NEM) Insider Trading?


As of Thursday close, Newmont Corporation’s (NYSE:NEM) stock was down -$1.17, moving down -2.80 percent to $40.64. The average number of shares traded per day over the past five days has been 8,578,300 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.63 fall in that time frame. In the last twenty days, the average volume was 7,978,040, while in the previous 50 days, it was 8,556,686.

Since last month, NEM stock retreated -13.81%. Shares of the company fell to $40.61 on 05/25/23, the lowest level in the past month. A 52-week high of $70.16 was reached on 01/24/23 after having rallying from a 52-week low of $37.45. Since the beginning of this year, NEM’s stock price has dropped by -13.90% or -$6.56, and marked a new high 6 times. However, the stock has declined by -42.08% since its 52-week high.

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NEM stock investors should be aware that Newmont Corporation (NEM) stock had its last reported insider trading activity 25 days ago on May 01. Palmer Thomas Ronald, the President & CEO of the company, disposed of 11,000 shares for $47.76 on May 01. It resulted in a $525,360 divestment by the insider. Atkinson Robert D sold 3,000 shares at an average price of $47.76 on May 01. The insider now owns 81,751 shares following the transaction. On Apr 03, President & CEO Palmer Thomas Ronald sold 11,000 shares at $48.92 apiece. The transaction was valued at $538,120.

Valuation Metrics

The stock’s beta is 0.36. Besides these, the trailing price-to-sales (P/S) ratio of 2.77, the price-to-book (PB) ratio of 1.67.

The latest dividend of $0.40 per share was paid out, remained unchanged from last year’s $0.40. On Thursday February 23 2023, a $0.15 dividend decrease was announced.

Financial Health

In the three months ended March 30, Newmont Corporation’s quick ratio stood at 1.70, while its current ratio was 2.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.31, and the total debt-to-equity ratio was 0.32. On the profitability front, the trailing twelve-month gross margin is 43.70% percent. In the year ended March 30, EBITDA margin amounted to 39.56%, whereas operating margins totaled -0.80%. Based on annual data, NEM earned $5.45 billion in gross profit and brought in $11.91 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -1.00%. Return on equity (ROE) for the past 12 months was -2.60%.

In Newmont Corporation’s quarter-end financial report for March 30, it reported total debt of $5.57 billion against cash and short-term investments of $847.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NEM’s revenue fell -12.84% to $3.2 billion during the quarter, while net income inched up to $2.68 billion. While analysts expected Newmont Corporation to report $0.43 quarterly earnings, the actual figure was $0.54 per share, beating the consensus estimate by 25.60%. During the quarter, the company generated $966.0 million in EBITDA. The liabilities of Newmont Corporation were 18.82 billion at the end of its most recent quarter ended March 30, and its total debt was $6.12 billion. The value of shareholders’ equity is $794.71 million.

Technical Picture

This quick technical analysis looks at Newmont Corporation’s (NEM) price momentum. With a historical volatility rate of 29.51%, the RSI 9-day stood at 19.72% on 25 May.

With respect to its five-day moving average, the current Newmont Corporation price is down by -6.08% percent or -$2.63. At present, NEM shares trade -15.81% below its 20-day simple moving average and -13.90% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.86% below its SMA50 and -10.29% below its SMA200.

Stochastic coefficient K was 1.16% and Stochastic coefficient D was 3.41%, while ATR was 1.19. Given the Stochastic reading of 0.35% for the 14-day period, the RSI (14) reading has been calculated as 26.47%. As of today, the MACD Oscillator reading stands at -1.93, while the 14-day reading stands at -3.23.

Analyst Ratings

Newmont Corporation (NEM) has been rated Overweight by analysts. According to 1 brokerage firm, NEM is a sell, and 9 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Newmont Corporation stock as buy, with 10 recommending it as overweight.

With a median target price of $60.00, the current consensus forecast for the stock is $43.01 – $68.96. Based on these forecasts, analysts predict Newmont Corporation (NEM) will achieve an average price target of $58.02.


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