Newmont Goldcorp (NYSE:NEM) Target Lowered by Citigroup Inc to $70.00

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Newmont Goldcorp stock has undergone multiple analysts rating changes in the recent past.  Newmont Goldcorp stock Target Lowered by   Citigroup Inc on 6/29/2020. In a note to investors, the firm issued a new target price of $70.00. The analysts previously had $74.00 target price. Citigroup Inc’s price target would indicate a potential upside of 17.69% from the stock’s previous close.

Shares of Newmont Goldcorp traded up $0.20 on Monday, reaching $59.55. 5290267 shares of the stock traded hands, compared to its average volume of 11057024. Shares of were trading at $59.55 on Monday. The firm’s 50 day moving average is $60.41 and its 200 day moving average is 47.18.Newmont Goldcorp  has a 12 month low of $58.66 and a 12 month high of $69.13. While on yearly highs and lows, Newmont Goldcorp today has traded high as $59.95 and has touched $58.66 on the downward trend.

Newmont Goldcorp Earnings and What to expect: 

Newmont Goldcorp last issued its earnings data on May 5th, 2020. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Its revenue was up 43.2% on a year-over-year basis. Newmont Goldcorp has generated $1.32 earnings per share over the last year and currently has a price-to-earnings ratio of 13.7. Newmont Goldcorp has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, July 23rd, 2020 based off prior year’s report dates.

Earnings for Newmont Goldcorp are expected to grow by 64.71% in the coming year, from $2.38 to $3.92 per share. The P/E ratio of Newmont Goldcorp is 13.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.08. The P/E ratio of Newmont Goldcorp is 13.71, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 25.46. Newmont Goldcorp has a P/B Ratio of 2.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.28%
  • On 6/15/2020 EVP Stephen P Gottesfeld Sell 4,000 at average share price of $54.09 which equates to $216,360.00 in money value.
  • On 6/10/2020 EVP E Randall Engel Sell 5,000 at average price of  $58.31 with total value of : Not Data Available
  • On 6/8/2020 CAO John Kitlen Sell 2,000 at average price of  $54.30 with total value of : $108,600.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Newmont Goldcorp

  • 6/17/2020 – Newmont Goldcorp had its price target raised by analysts at Deutsche Bank AG from $70.00 to $74.00. They now have a “buy” rating on the stock. ()
  • 5/20/2020 – Newmont Goldcorp was given a new $73.00 price target on by analysts at Raymond James. They now have an “outperform” rating on the stock. ()
  • 5/19/2020 – Newmont Goldcorp had its price target raised by analysts at B. Riley from $96.00 to $97.00. They now have a “buy” rating on the stock. ()
  • 5/18/2020 – Newmont Goldcorp was downgraded by analysts at Standpoint Research from a “buy” rating to a “hold” rating. ()
  • See More Analyst Rating at: RATING

Other rating updates by Citigroup Inc: 

  • 6/29/2020 – Randgold Resources had its price target raised by analysts at Citigroup Inc from $19.00 to $27.00. ()
  • 6/29/2020 – International Precious Minerals Group was downgraded by analysts at Citigroup Inc from a “buy” rating to a “neutral” rating. ()
  • 6/29/2020 – RAIFFEISEN INTL/ADR was downgraded by analysts at Citigroup Inc from a “buy” rating to a “neutral” rating. ()
  • 6/29/2020 – HB Fuller had its price target raised by analysts at Citigroup Inc from $30.00 to $46.00. They now have a “neutral” rating on the stock. ()
  • See More Analyst Rating at: RATING

Newmont Goldcorp (NYSE:NEM) Moving Average Technical Analysis

5 day Moving Average is $58.92 And 5 day price change is 1.11 (0.0191)  with average volume for 5 day average is 9,634,661. While technical analysis for average 20 days shows significant difference, 20 day moving average is  57.09 and 20 day price change is -1.16 (-1.92%) and average 20 day moving volume is 11,272,886. 50 day moving average is 60.41  and 50 day price change is 0.1 ( 0.0017)  and with average volume for 50 days is : 9,405,026. 200 day moving average is 47.18  and 200 day price change is 20.67 (0.5347)  and with average volume for 200 days is : 8,274,015.

See More Analyst Rating at: RATING