Wall Street analysts will be watching closely when Newmont Mining Corporation (NYSE:NEM) reports its quarterly earnings next, which is scheduled for Thu 25 Apr (In 9 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.30 per share. In the preceding quarter, the company reportedly generated EPS of $0.40 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 10.30%, a profit margin of 4.70% and a gross margin of 43.60%.
Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Newmont Mining Corporation (NYSE:NEM). Most recently, on March 19th, 2019, B. Riley FBR Resumed a Neutral rating. Before that, on January 15th, 2019, CIBC Downgrade to Neutral. Morgan Stanley Upgrade a Overweight rating on June 12th, 2018, RBC Capital Mkts Downgrade an Underperform rating on March 12th, 2018, and Deutsche Bank Downgrade a Hold rating on January 16th, 2018.
At its current price point, combined with the fact that this company has 532.38M shares outstanding, the current market capitalization sits at 18.52B. In the last trading day, 11,154,558 shares of Newmont Mining Corporation were traded, which compares to its usual volume of about 11.53M shares per day of trading.
If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by -$1.81 in the past five trading days, resulting in a percentage change of -4.95% and a moving average of 35.89. In the past 20 days, its price changed by $1.51 (which is +4.54%) and the stock’s moving average was 35.66. Looking back a full 50 days, shares of NEM changed by $0.63 (which is +1.84%) and demonstrated a moving average of 34.69.
Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 37.29%, a 14-day Stochastic %K score of 47.54% and a 20-day Stochastic %K score of 73.90%. Using a similar metric, Newmont Mining Corporation (NEM) shares showed a Stochastic %D of 46.92% over the past 9 days, a Stochastic %D score of 62.74% over the last 14 days, and a 20-day Stochastic %D of 80.46%. Meanwhile, this stock’s MACD Oscillator was -0.45 over the past 9 days, -0.29 over the past two weeks, and 0.07 in the last 20 days.
As recent trading data suggests, this company’s shares have been hovering close to the $34.79 level. Over the past 12 months, this stock has experienced a high price of $40.94 and a low of $28.35. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.
The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Newmont Mining Corporation (NYSE:NEM) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 57,564,245 shares of the company’s stock following the addition of 1,245,139 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 10.81% stake in Newmont Mining Corporation (NEM)’s shares.
Just in the most recent trading day, Newmont Mining Corporation (NYSE:NEM) experienced a high price of $35.22 and low point of $34.69. At the end of the last trading session, this stock was at 34.79 per share, following a loss of -$35.29, or -1.42% during the full day.