Buzzing Stock: Newmont Mining Corporation (NYSE:NEM)


As per the research groups listed in Thomson Reuters survey, Newmont Mining Corporation (NYSE:NEM), the stock can touch mean price target of $46.980 in coming period. This price target highlights the recommendations of leading experts in the market.

Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.540 per share in looming quarter and $1.800 during current fiscal.

Technical Forecast

While evaluating Newmont Mining Corporation on the technical side, it is seen that the firm’s shares price is trading $-0.696 points away or -1.634% from its 50-day moving average of $42.585. Further it is trading $7.249 or +20.925% away its 200-day moving average of $34.640. MA here stands for moving average.

Newmont Mining Corporation (NYSE:NEM) stock made a high of $46.070 in last 12-months while the lowest level in same period was $15.400. It entails if stock price makes a movement of over $-4.181, it will make a new 52-week high. In the case of +172.007% decline, it will touch a new 52-week low.

Valuation Level

The valuation of Newmont Mining Corporation is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Newmont Mining Corporation (NYSE:NEM) P/E ratio is 566.068. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Newmont Mining Corporation it stands at 1.120.

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