Home Sectors Basic Materials Recent Fundamentals: Newmont Mining Corporation (NYSE: NEM)

Recent Fundamentals: Newmont Mining Corporation (NYSE: NEM)

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Newmont Mining Corporation trades as part of the metals and mining industry and trades as part of the basic materials sector. The company CEO is Gary J. Goldberg. Newmont Mining Corp is engaged in the production of gold in the United States, Australia, Peru, Ghana and Suriname. It is also engaged in the production of copper, principally through Boddington in Australia and Phoenix in the United States.

Previous Intraday Trading Performance:

The NEM stock showed a previous change of -0.56% with an open at 33.49 and a close of 33.65. It reached an intraday high of 33.88 and a low of 33.41.

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Liquidity:

The stock has a market cap of $17.9b with 532.7m shares outstanding, of which the float is 529.3m shares. Trading volume reached 3,847,988 shares compared to its average volume of 7,374,687 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Newmont Mining Corporation shares returned -1.38% and in the past 30 trading days it returned -2.38%. Over three months, it changed 7.17%. In one year it has changed -7.35% and within that year its 52-week high was 41.98 and its 52-week low was 29.06. NEM stock is 15.79% above its 52 Week Low.

Our calculations show a 200 day moving average of 34.37 and a 50 day moving average of 33.41. Currently NEM stock is trading -2.09% below its 200 day moving average and may be a good opportunity to buy, but should check other indicators to confirm a buy signal.

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Earnings:

The last annual fiscal EPS for the company was reported at -0.18 that ended on 31st of December 2017. Based on 5 analyst estimates, the consensus EPS for the next quarter is 0.23. The TTM EPS is 1.34, which comes to a TTM PE of 25.11.

The following are the last four quarter reported earnings per share:
09-30-2018:  0.33
06-30-2018:  0.26
03-31-2018:  0.35
12-31-2017:  0.40

The dividend per share is currently 0.56, which is a dividend yield of 1.66%. Also, the payout ratio is 41.79%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 32.14, which means it may be overvalued by -4.70%

Indicators to Watch:

Based on the latest filings, there is 0.60% of insider ownership and 131.50% of institutional ownership. Short-interest is 14,419,284, which is 2.71% of shares outstanding. The short-interest ratio or days-to-cover ratio is 1.75. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 0.03

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is -1.72%, return on assets is -0.90%, profit margin is 7.01%, price-to-sales is 3.46 and price-to-book is 1.70.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 0  :Past Performance Score
 5  :Financial Strength Score
 3  :Future Growth Score
 3  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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