Business

Newmont Mining Corp (NYSE:NEM) Has 42 Percent Upside Potential

Newmont Mining Corp (NYSE:NEM) shares traded 2.73% during the most recent session the stock exchanged hands 9.44M shares versus average trading capacity of 6.49M shares, yielding a market cap of $18.52B. Wall Street analysts covering the stock are projecting that the stock will reach $39.44 within the next 52-weeks. The mean target projections are based on 18 opinions, the mean target was last revised on 04/27/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Newmont Mining Corp (NYSE:NEM) high price target of $48.00 and with a conservative view have low price target of $27.00 with a standard deviation of $6.29. If seeing target price from optimistic overview then it has a 42 percent upside potential from the latest closing price of $33.81.

Newmont Mining Corp (NYSE:NEM) received “Downgrade” rating by RBC Capital Mkts in a research note issued to investors on Mar-16-17 from Outperform  to Sector Perform from $43 to $38.

Additionally on Dec-29-16 Newmont Mining Corp (NYSE:NEM) was “Upgraded” by Standpoint Research from Hold  to Buy at $42 and on Dec-05-16 the stock was “Downgraded” by Citigroup from Buy to Neutral. Furthermore on Nov-22-16 the stock was “Upgraded” by BofA/Merrill from Neutral to Buy.

On the other hand the company has Relative Strength Index (RSI 14) of 49.43 along with Average True Range (ATR 14) of 0.86, Consequently Newmont Mining Corp (NYSE:NEM) weekly and monthly volatility is 3.03%, 2.44% respectively. The company’s beta value is at 0.18.

In terms of Buy, Sell or Hold recommendations, Newmont Mining Corp (NYSE:NEM) has analysts’ mean recommendation of 2.50. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Newmont Mining Corp (NYSE:NEM) will report earnings of $0.27 for the current quarter, however the company’s high EPS estimates are $0.35 and low estimates are $0.17. However the company reported $0.44 earnings per share for the same quarter during last year.

Previously Newmont Mining Corp (NYSE:NEM) reported $0.25 earnings per share (EPS) for the quarter on 4/24/2017 After Market Close, beating the consensus estimate of $0.23 by $0.02. The company posted an earnings surprise of 8.70%.

While considering growth estimates of the company, it has next quarter growth estimates of -43.10% whereas during current quarter it has -38.60% estimations over growth, comparing to the estimations of -4.30% during current year and 9.80% for next year. Past 5 years growth of Newmont Mining Corp (NYSE:NEM) observed at -30.28%, looking forward for the next 5 years it has a strong prediction of 1.11% over growth.

Newmont Mining Corp (NYSE:NEM) revenue estimates for the current quarter are $1.76B according to 7 number of analysts, for the current quarter the company has high revenue estimates of $1.82B in contradiction of low revenue estimates of $1.7B. For the current year the company’s revenue estimates are $7.13B compared to low analyst estimates of $6.7B and high estimates of $7.5B according 15 number of analysts.

Currently Newmont Mining Corp (NYSE:NEM) shares owned by insiders are 0.20%, whereas shares owned by institutional owners are 86.00%. However the six-month change in the insider ownership was recorded -3.19%, as well as three-month change in the institutional ownership was recorded 0.16%.

Newmont Mining Corp (NYSE:NEM) trading -26.34% away from its 52 week high of $45.90 and +12.33% far from the stock’s low point over the past 52 weeks, which was $30.10. The stock hit its 52-week high on 08/12/16, and 52-week low on 11/14/16. The company’s trailing twelve month income is -220.00M dollars and is paying 0.59% dividend yield annually.

Newmont Mining Corp (NYSE:NEM) trailing twelve month revenues are $6.71B, whereas its price to sales ratio for the same period is 2.67. Its book value per share for the most recent quarter is $20.23 while its price to book ratio for the same period is 1.67, as for as the company’s cash per share for the most recent quarter is $5.31, however its price to cash per share ratio for the same period is 6.37. The stock has a current PEG ratio of 26.47 where as its trailing twelve month P/E ratio is -28.58.

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