Newmont Corp’s recent filing unveils that its President & CEO Palmer Thomas Ronald unloaded Company’s shares for reported $0.54 million on Dec 02 ’24. In the deal valued at $41.59 per share,13,000 shares were sold. As a result of this transaction, Palmer Thomas Ronald now holds 245,469 shares worth roughly $9.29 million.
Then, Toth Peter sold 3,000 shares, generating $124,770 in total proceeds. Upon selling the shares at $41.59, the EVP & CDO now owns 85,596 shares.
Before that, Viljoen Natascha sold 9,000 shares. Newmont Corp shares valued at $374,310 were divested by the EVP & COO at a price of $41.59 per share. As a result of the transaction, Viljoen Natascha now holds 154,967 shares, worth roughly $5.86 million.
CLSA initiated its Newmont Corp [NEM] rating to an Underperform in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid November from “a Neutral” to “an Overweight”. UBS also remained covering NEM and has decreased its forecast on October 30, 2024 with a “Neutral” recommendation from previously “Buy” rating. CIBC revised its rating on October 28, 2024. It rated NEM as “a Neutral” which previously was an “a Sector outperform”.
Price Performance Review of NEM
On Friday, Newmont Corp [NYSE:NEM] saw its stock fall -0.66% to $37.84. Over the last five days, the stock has gained 2.22%. Newmont Corp shares have fallen nearly -8.58% since the year began. Nevertheless, the stocks have fallen -10.71% over the past one year. While a 52-week high of $58.72 was reached on 10/22/24, a 52-week low of $29.42 was recorded on 02/28/24. SMA at 50 days reached $43.91, while 200 days put it at $44.88.
Levels Of Support And Resistance For NEM Stock
The 24-hour chart illustrates a support level at 37.49, which if violated will result in even more drops to 37.15. On the upside, there is a resistance level at 38.20. A further resistance level may holdings at 38.57. The Relative Strength Index (RSI) on the 14-day chart is 31.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.87%. Stochastics %K at 20.43% indicates the stock is a holding.
How much short interest is there in Newmont Corp?
A steep rise in short interest was recorded in Newmont Corp stocks on 2024-12-13, growing by 1.1 million shares to a total of 18.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 17.04 million shares. There was a rise of 6.04%, which implies that there is a positive sentiment for the stock.
