Newmont Mining Corporation (NYSE:NEM) has a mean price target of $46.98 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.54 a share for the very next quarter and $1.80 for this year.
The technical study of Newmont Mining Corporation demonstrates that the 50-day moving average of Newmont Mining Corporation (NYSE:NEM) stock is $42.52, and is trading $-3.32 points away or -7.80% from 50-day moving average of $42.52. It is trading $3.87 or +10.95% away 200-day moving average of $35.33.
The 52-week high of Newmont Mining Corporation (NYSE:NEM) was $46.07 while $15.40 is the low mark in the same period. It state Newmont Mining Corporation share price has to surge more than $-6.87 to hit 52-week high or drop +154.55% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of Newmont Mining Corporation, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Newmont Mining Corporation (NYSE:NEM) ratio came in at 529.73, after dividing current equity price by yearly earnings. Newmont Mining Corporation stock recorded a close of $39.20 in last trading session, registering a market cap of $20.80B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. Newmont Mining Corporation (NYSE:NEM) PEG ratio is at 1.10.
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