Newmont Corporation (NEM) has demonstrated intense momentum that outperforms the market at several occasions. However, it has taken dips and underperformed the market as well. It experienced a series of stock rises, falls, and negative gaps, signaling market volatility. The company has seen new shares purchased by several holdings groups, including Westwood Holdings Group Inc., Crossmark Global Holdings Inc., and The Manufacturers Life Insurance Company. Newmont has been a favorite among institutional investors who own 72% of its shares. Despite expectations of declining earnings, the company has beaten estimates in Q1 earnings and revenues but missed estimates for Q4 earnings. Furthermore, multiple forecasts suggest a generally positive outlook. In particular, Newmont's Q1 earnings, despite rising costs and concerns about gold production, are in focus. However, shareholders are requested to reconsider the CEO's compensation package, pointing towards internal matters of concern. The company's recent
M&As have pushed its reserves to record highs, and the company has managed to maintain
SEC compliance.
Newmont Corporation NEM News Analytics from Thu, 04 Jan 2024 08:00:00 GMT to Sun, 09 Jun 2024 12:59:07 GMT -
Rating 2
- Innovation 6
- Information 7
- Rumor -7
