Newmont Corp’s recently made public that its EVP & CDO Toth Peter unloaded Company’s shares for reported $0.13 million on Feb 03 ’25. In the deal valued at $42.89 per share,3,000 shares were sold. As a result of this transaction, Toth Peter now holds 79,596 shares worth roughly $ 3.7 million.
Then, Viljoen Natascha sold 9,000 shares, generating $386,010 in total proceeds. Upon selling the shares at $42.89, the EVP & COO now owns 136,967 shares.
Before that, Brook Bruce R sold 2,077 shares. Newmont Corp shares valued at $89,083 were divested by the Director at a price of $42.89 per share. As a result of the transaction, Brook Bruce R now holds 49,993 shares, worth roughly $2.33 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 Friday, Newmont Corp [NYSE:NEM] saw its stock fall -2.53% to $46.54. Over the last five days, the stock has gained 3.79%. Newmont Corp shares have risen nearly 25.04% since the year began. Nevertheless, the stocks have risen 45.26% over the past one year. While a 52-week high of $58.72 was reached on 02/13/25, a 52-week low of $29.42 was recorded on 01/06/25. SMA at 50 days reached $41.18, while 200 days put it at $45.61.
Levels Of Support And Resistance For NEM Stock
The 24-hour chart illustrates a support level at 46.08, which if violated will result in even more drops to 45.63. On the upside, there is a resistance level at 47.45. A further resistance level may holdings at 48.37. The Relative Strength Index (RSI) on the 14-day chart is 66.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.77%. Stochastics %K at 90.80% 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 2025-01-31, dropping by -3.12 million shares to a total of 16.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 19.6 million shares. There was a decline of -18.95%, which implies that there is a negative sentiment for the stock.
