On October 1, 2024, Peter Toth, Executive Vice President & Chief Development Officer of Newmont Corp (NEM, Financial), sold 3,000 shares of the company. The transaction was executed at a price of $53.81 per share, as detailed in the SEC Filing. Following this sale, the insider now owns 91,596 shares of Newmont Corp.
Newmont Corp is a leading gold mining company with a significant presence in copper, silver, lead, and zinc extraction. The company operates mines in North America, South America, Australia, and Africa.
Over the past year, Peter Toth has engaged in multiple transactions involving the company's stock, selling a total of 6,000 shares and purchasing none. This recent sale continues a trend observed within the company, where insider activity has predominantly been in the form of sales. Over the last year, there have been 12 insider sales and no insider buys.
Shares of Newmont Corp were trading at $53.81 on the day of the sale, giving the company a market cap of approximately $61.04 billion. According to the GF Value, the intrinsic value of the stock is estimated at $45.77, suggesting that the stock is Modestly Overvalued with a price-to-GF-Value ratio of 1.18.
The GF Value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business results.
This insider sale might interest investors tracking insider behaviors as an indicator of confidence levels regarding the company's current valuation and 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.
