Newmont Corp’s recently made public that its Director Brook Bruce R unloaded Company’s shares for reported $83080.0 on Jan 10 ’25. In the deal valued at $40.00 per share,2,077 shares were sold. As a result of this transaction, Brook Bruce R now holds 52,070 shares worth roughly $2.21 million.
Then, Toth Peter sold 3,000 shares, generating $120,000 in total proceeds. Upon selling the shares at $40.00, the EVP & CDO now owns 82,596 shares.
Before that, Viljoen Natascha sold 9,000 shares. Newmont Corp shares valued at $360,000 were divested by the EVP & COO at a price of $40.00 per share. As a result of the transaction, Viljoen Natascha now holds 145,967 shares, worth roughly $6.18 million.
Goldman initiated its Newmont Corp [NEM] rating to a Buy in a research note published on January 13, 2025; the price target was $47.20. A number of analysts have revised their coverage, including CLSA’s analysts, who began to cover the stock in late November with a ‘”an Underperform”‘ rating. JP Morgan also remained covering NEM and has increased its forecast on November 19, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. UBS revised its rating on October 30, 2024. It rated NEM as “a Neutral” which previously was an “a Buy”.
Price Performance Review of NEM
On Tuesday, Newmont Corp [NYSE:NEM] saw its stock jump 1.63% to $42.35. Over the last five days, the stock has gained 8.12%. Newmont Corp shares have risen nearly 13.78% since the year began. Nevertheless, the stocks have risen 22.33% over the past one year. While a 52-week high of $58.72 was reached on 01/21/25, a 52-week low of $29.42 was recorded on 01/06/25. SMA at 50 days reached $40.70, while 200 days put it at $45.20.
Levels Of Support And Resistance For NEM Stock
The 24-hour chart illustrates a support level at 42.06, which if violated will result in even more drops to 41.77. On the upside, there is a resistance level at 42.67. A further resistance level may holdings at 42.99. The Relative Strength Index (RSI) on the 14-day chart is 65.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.99%. Stochastics %K at 92.07% indicates the stock is a selling.
How much short interest is there in Newmont Corp?
A steep rise in short interest was recorded in Newmont Corp stocks on 2024-12-31, growing by 2.87 million shares to a total of 19.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 16.74 million shares. There was a rise of 14.62%, which implies that there is a positive sentiment for the stock.
