EVP & COO Robert Atkinson Sells 5,500 Shares of Newmont Corp (NEM)
On January 2, 2024, Robert Atkinson, EVP & COO of Newmont Corp (NYSE:NEM), sold 5,500 shares of the company. The transaction was filed with the SEC and can be found through this SEC Filing.
Newmont Corp is a leading gold mining company with a significant presence in the copper, silver, lead, and zinc industries. The company's portfolio includes operations and projects in various countries, focusing on safe, efficient, and sustainable mining practices.
Over the past year, the insider has sold a total of 38,043 shares and has not made any purchases of the company's stock.
The insider transaction history for Newmont Corp shows a pattern of sales by insiders over the past year, with 22 insider sells and no insider buys recorded.
On the day of the insider's recent sale, shares of Newmont Corp were trading at $41.26, giving the company a market capitalization of $46.209 billion.
The stock's price-to-GF-Value ratio stands at 0.58, with a GuruFocus Value of $70.85, indicating that Newmont Corp is considered a Possible Value Trap, Think Twice according to its GF Value.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which is calculated based on historical trading multiples, a GuruFocus adjustment factor related to the company's past performance, and future business performance estimates provided by Morningstar analysts.
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.
This article first appeared on GuruFocus.
