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


The leading market experts have placed a mean price target of $37.47 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 $0.33 a share for the upcoming quarter and $1.31 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 $34.60, and stock is hovering 2.57 or +7.42% distant from $34.60. It is noted that the 200-day MA is $27.12, and Newmont Mining Corporation stock is $10.05 or +37.04% off from this point. Newmont Mining Corporation (NYSE:NEM) 52-week high is $38.68 and the 52-week low is $15.39. This explains if the stock moves $-1.51, it will post a 52-week high. In event of $+141.52% points 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 218.65. The stock last ended the trading session at $37.17 and registered a market cap of $19.72B. 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 3.60.

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