Newmont Mining Corporation is part of the basic materials sector and is part of the metals and mining industry. 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 -0.42% with an open at 33.33 and a close of 33.00. It reached an intraday high of 33.39 and a low of 32.95.
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The stock has a market cap of $17.6b with 534.6m shares outstanding, of which the float is 530.9m shares. Trading volume reached 8,682,525 shares compared to its average volume of 11,738,597 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 -4.40% and in the past 30 trading days it returned -3.00%. Over three months, it changed -3.00%. In one year it has changed -10.46% and within that year its 52-week high was 41.98 and its 52-week low was 29.06. NEM stock is 13.56% above its 52 Week Low.
Our calculations show a 200 day moving average of 33.60 and a 50 day moving average of 33.57. Currently NEM stock is trading -1.79% 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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The last annual fiscal EPS for the company was reported at 1.34 that ended on 31st of December 2018, which according to the previous close, that is a PE of 51.56. 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 24.63.
The following are the last four quarter reported earnings per share:
The dividend per share is currently 0.56, which is a dividend yield of 1.70%. 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 42.08, which means it is possibly undervalued and has a margin of safety of 21.57%
Indicators to Watch:
Based on the latest filings, there is 0.70% of insider ownership and 138.90% of institutional ownership. Short-interest is 30,231,757, which is 5.65% of shares outstanding. The short-interest ratio or days-to-cover ratio is 3.29. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.
The current calculated beta is 0.01
SeekingAlpha: Gold Miners’ Q4 2018 Fundamentals
Based on last reported financials, the company’s return on equity is 3.24%, return on assets is 1.65%, profit margin is 5.24%, price-to-sales is 2.44 and price-to-book is 1.69.
All scores are out of six:
2 :Valuation Score
2 :Past Performance Score
5 :Financial Strength Score
3 :Future Growth Score
3 :Dividend Score
3 :Overall Score