Newmont Mining Corporation (NYSE:NEM): A look at Valuation Metrics

Galtero Lara
Diciembre 30, 2017

Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Parametrica Management Ltd bought a new stake in Newmont Mining during the 3rd quarter valued at $222,000. Recently, analysts have updated the overall rating to 2.67. The hedge fund held 38,300 shares of the precious metals company at the end of 2017Q3, valued at $1.44M, up from 19,729 at the end of the previous reported quarter. Piedmont Investment Advisors LLC purchased a new stake in Newmont Mining in the 3rd quarter worth $1,971,000. The company has seen a change of 23.10% earnings per share this year. Global Thematic Partners Llc who had been investing in Newmont Mining Corp for a number of months, seems to be less bullish one the $20.01 billion market cap company.

Several research firms have recently issued reports on NEM. FBR Capital maintained the shares of NEM in report on Wednesday, July 20 with "Mkt Perform" rating. The rating was maintained by BMO Capital Markets with "Buy" on Tuesday, November 14. During the same quarter in the previous year, the firm posted $0.38 EPS. sell-side analysts forecast that Newmont Mining Corp will post 1.44 EPS for the current fiscal year. Royal Bank of Canada restated a "hold" rating and set a $43.00 target price on shares of Newmont Mining in a report on Tuesday, December 5th. Finally, TD Securities set a $42.00 price objective on shares of Newmont Mining and gave the stock a "hold" rating in a research note on Thursday, October 19th. Analysts assigned mean rating at 2.30 (1.0 = Strong Buy, 5.0 = Sell). There are brokerage firms with lower targets than the average, including one setting a price target of $33.

Newmont Mining Corporation (NYSE:NEM) closed its last session at $37.6. The return on equity ratio or ROE stands at 3.6 percent while most common profitability ratio return on investment (ROI) was 3.3 percent. According to their predictions high & low revenue estimates are 2.01 Billion and 1.8 Billion respectively. The mean rating score for this stock is at 2.50.

Newmont Mining Corporation (NEM) stock analysis is based on price earnings ratio (P/E) ratio. The cost of selling goods last quarter was 1.46 billion, yielding a gross basic income of 417 million. Ls Inv Advsrs Llc holds 0.04% of its portfolio in Newmont Mining Corporation (NYSE:NEM) for 15,866 shares. That represents a quarterly year/year change in revenues of 0.05 in sequential terms, the NEM saw sales decline by 0.00. EPS ratio determined by looking at last 12 month figures is 0.39. Shareholders of record on Friday, December 8th were paid a dividend of $0.075 per share. The other 12, though not evenly; between analysts who think you should buy Newmont Mining Corporation versus those who think you should sell it.

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Cmt Asset Management Ltd increased its stake in Newmont Mining Corp (NEM) by 94.13% based on its latest 2017Q3 regulatory filing with the SEC. The stock of Newmont Mining Corporation (NYSE:NEM) earned "Buy" rating by Bank of America on Tuesday, November 22. The shares were sold at an average price of $36.44, for a total value of $207,708.00. Shares are now up over the past year, outperforming the broad market by -100% and outperformed a peer group of similar companies by 2%. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Elaine J. Dorward-King sold 10,250 shares of the company's stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $37.35, for a total transaction of $46,687.50.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 6.2%, and has a solid year to date (YTD) performance of 10.36% which means that the stock is constantly adding to its value from the previous fiscal year end price.

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Newmont Mining Corporation is a mining company, which is focused on the production of and exploration for gold and copper. The company produces gold from mines in Nevada and California, and, outside of the United States, from operations in Peru, Indonesia, Mexico and Uzbekistan.

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