Stock To Watch: Newmont Mining Corporation (NYSE:NEM)


The leading market experts have placed a mean price target of $46.860 on Newmont Mining Corporation (NYSE:NEM) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.520 a share for the upcoming quarter and $1.770 for the current fiscal.

Technical View

The technical analysis of Newmont Mining Corporation plainly substantiates that the 50-day moving average of Newmont Mining Corporation is $41.229, and stock is trading $4.627 points away or +11.223% from its 50-day moving average of $41.229. Further it is trading $13.706 or +42.633% away its 200-day moving average of $32.150. Newmont Mining Corporation (NYSE:NEM) 52-week high is $46.020 and the 52-week low is $15.390.

This explains if the stock moves $-0.164, it will post a 52-week high. In event of +197.960% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Newmont Mining Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Newmont Mining Corporation (NYSE:NEM) ratio came in at 619.676.

The stock last ended the trading session at $45.856 and registered a market cap of $24.33B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Newmont Mining Corporation (NYSE:NEM) PEG ratio is at 1.300.

1 Chart Pattern Every Investor Should Know

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