Trending Stock Alert: Newmont Mining Corporation (NYSE:NEM)
- Author: Zachary Reyes Mar 01, 2017,
Mar 01, 2017, 7:24
The Stock now has the market capitalization of $18 Billion, P/E (price to earnings ttm) of 0 and Weekly volatility of 4.46% and monthly volatility of 2.63% respectively. The company's market cap is $19.15 Billion.
Newmont Mining Corp Last issued its quarterly earnings results on Feb 21, 2017. Winslow Evans & Crocker Inc. now owns 9,846 shares of the company's stock valued at $387,000 after buying an additional 100 shares during the last quarter. Zacks Investment Research cut Newmont Mining Corp from a "buy" rating to a "hold" rating in a report on Friday, November 4th. Analysts set a 12-month price target of $73.82 a share.
Comcast Corporation (NASDAQ:CMCSA) right now sits at consensus rating of 1.80 while 18 analysts have advocated the shares as "BUY", 9 calls it an "OUTPERFORM" and 2 suggest "HOLD". 5,794,771 shares of the company's stock were exchanged. Company's distance from 20 day simple moving average is -1.48% and distance from 50-Day simple moving average is 3.12%. The 52-Week High range of the stock is $46.07, while the 52-week low range is $24.59.
Newmont Mining Corporation stock has recorded a 20-day Moving Average of 1.48% and the 50-Day Moving Average is 3.12%.The 200 Day SMA reached 2.19%Newmont Mining Corporation is having a Relative Strength Index of 50.08 which indicates the stock is not yet over sold or over bought based on the technical indicators.Newmont Mining Corporation (NYSE:NEM) has tumbled 2.51% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 4.94% in the last four weeks.
On Dec 16 Newmont Mining Corporation (NYSE:NEM) reported its EPS in the last quarter as $0.25/Share lagging the analyst estimate of $0.33/Share by the difference of $-0.08. The fiscal year 2016 current estimate trend was for $1.24 as compared to FY 2017 current Estimate trends of $1.41. (NYSE:CRK) shares moved to $9.04 after starting the day at $9.75. The ex-dividend date is Tuesday, March 7th. This represents a $0.20 annualized dividend and a yield of 0.59%. Newmont Mining Corp's dividend payout ratio is now -19.42%. If you are viewing this piece on another site, it was stolen and republished in violation of worldwide trademark and copyright law. The legal version of this news story can be read at https://baseballnewssource.com/markets/newmont-mining-corp-nem-raised-to-strong-buy-at-vetr-inc/469399.html. The short ratio in the company's stock is documented at 1.18 and the short float is around of 1.67%. The shares were sold at an average price of $35.83, for a total transaction of $53,745.00. Finally, Wilkins Investment Counsel Inc. boosted its stake in shares of Newmont Mining Corp by 0.8% in the second quarter. Wilkins Investment Counsel Inc. increased its stake in Newmont Mining Corporation by 0.8% in the second quarter. The company reported its last quarter on Dec 16. IFM Investors Pty Ltd purchased a new position in Newmont Mining Corp during the fourth quarter valued at about $230,000.
On Thursday, February 23rd, E Randall Engel sold 675 shares of Newmont Mining Corp stock. Analysts have a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Hellman Jordan Management Co. Inc. MA acquired a new stake in Newmont Mining Corporation during the second quarter valued at approximately $1,302,000. Institutional Investors own 82.4% of Newmont Mining Corporation shares.
In response to a question during the company's 4Q16 earnings call regarding the use of its huge cash balance, Newmont Mining's executive vice president and CFO, Nancy Buese, noted, "We have done a lot in this year in terms of retiring our debt, and I think the main focus here is to retain our optionality and have a lot of financial flexibility regardless of what opportunity is in front of us". The company produces gold from mines in Nevada and California, and, outside of the United States, from operations in Peru, Indonesia, Mexico and Uzbekistan.