Stock to Track: Newmont Goldcorp Corporation (NYSE: NEM) – TNN

Newmont Goldcorp Corporation trades as 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 -1.48% with an open at 33.25 and a close of 32.55. It reached an intraday high of 33.25 and a low of 32.35.

SeekingAlpha:  World’s largest gold complex launched as Barrick-Newmont JV clears hurdles

Liquidity:

The stock has a market cap of $26.8b with 822.7m shares outstanding, of which the float is 819.0m shares. Trading volume reached 12,612,556 shares compared to its average volume of 16,417,986 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 Goldcorp Corporation shares returned -7.76% and in the past 30 trading days it returned -0.26%. Over three months, it changed 4.35%. In one year it has changed -17.39% and within that year its 52-week high was 41.49 and its 52-week low was 29.06. NEM stock is 12.01% above its 52 Week Low.

Our calculations show a 200 day moving average of 32.51 and a 50 day moving average of 33.83. Currently NEM stock is trading 0.12% above its 200 day moving average and may be a good opportunity to buy.

Business Wire:  Beyond the Mine: Newmont Publishes 2018 Sustainability Report

Earnings:

The last annual fiscal EPS for the company was reported at 0.64 that ended on 31st of December 2018, which according to the previous close, that is a PE of 50.86. Based on 6 analyst estimates, the consensus EPS for the next quarter is 0.26. The TTM EPS is 1.34, which comes to a TTM PE of 24.29.

The dividend per share is currently 0.56, which is a dividend yield of 1.72%. 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 28.79, which means it may be overvalued by -13.07%

Indicators to Watch:

Based on the latest filings, there is 0.70% of insider ownership and 140.70% of institutional ownership. Short-interest is 46,456,450, which is 5.65% of shares outstanding. The short-interest ratio or days-to-cover ratio is 2.99. 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:  Merger Arbitrage Mondays – April 22, 2019

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 3.24%, return on assets is 1.65%, profit margin is 3.48% and price-to-book is 1.68.

Company Scores:

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

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