Last week,
Newmont Corporation saw a
5.9% increase in its stock, offering a reward to its institutional investors who hold control over 72% of the company. The corporation's popularity, however, is under threat by overpricing. Despite some fluctuations, Newmont continues to be attuned as a
top momentum stock for the long term. It's been reported that the corporation is
attracting investor attention, becoming a trending topic in the market. Forecasts for Newmont also seem positive, with Wall Street expecting earnings growth in the following weeks. The Q2 earnings and revenues of the corporation have also surpassed previous estimates.
CEO, Thomas Palmer, has reportedly sold some of his shares in the company. Newmont's
5G trial at Cadia Mine has shown strong results. There are speculations about the corporation being overvalued, along with concerns about its P/S ratio. However, some suggest this is a good time to invest given its momentum in the stock market.
Newmont Corporation NEM News Analytics from Wed, 14 Feb 2024 08:00:00 GMT to Sun, 18 Aug 2024 15:50:09 GMT -
Rating 3
- Innovation -2
- Information 5
- Rumor 1
