Newmont (NYSE:NEM – Get Free Report) released its quarterly 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 business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.13 billion. Newmont had a positive return on equity of 6.88% and a negative net margin of 20.19%. Newmont’s quarterly revenue was up 64.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 EPS.
Newmont Stock Down 4.2 %
Shares of Newmont stock traded down $2.00 on Thursday, reaching $45.70. The company’s stock had a trading volume of 12,534,132 shares, compared to its average volume of 11,340,813. The company has a market capitalization of $52.70 billion, a price-to-earnings ratio of -17.12, a P/E/G ratio of 0.37 and a beta of 0.47. 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 52 week low of $29.42 and a 52 week high of $48.97. The firm’s fifty day simple moving average is $43.28 and its two-hundred day simple moving average is $38.68.
Insider Activity at Newmont
In other Newmont news, CEO Thomas Ronald Palmer sold 13,000 shares of the company’s stock in a transaction dated 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 owns 331,469 shares in the company, valued at approximately $13,964,788.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Read Our Latest Stock Report on Newmont
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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