On September 3, 2024, Peter Toth, Executive Vice President & Chief Development Officer of Newmont Corp (NEM, Financial), executed a sale of 3,000 shares of the company. The transaction was filed on the same day through an SEC Filing. Following this transaction, the insider now owns 94,596 shares of Newmont Corp.
Newmont Corp (NEM, Financial) is a leading gold mining company with a significant presence in the copper, silver, lead, and zinc industries. The company's operations span across North America, South America, Australia, and Africa.
The shares were sold at a price of $52.47, valuing the transaction at approximately $157,410. This sale is part of a broader trend observed over the past year, where there have been 13 insider sells and no insider buys. Over the past year, Peter Toth has sold a total of 3,000 shares and has not purchased any shares.
The current market cap of Newmont Corp stands at approximately $59.59 billion. The stock's valuation metrics, including the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, contribute to its GF Value of $45.25. With the current price of $52.47, the stock is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.16.
The GF Value is determined by historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might be of interest to investors tracking insider behaviors as an indicator of confidence levels in the company's future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
