Last Updated: 13 Sep 2024
Executive Summary
Newmont Goldcorp Corp (NEM) is a leading global gold producer with a market capitalization of $60.68 billion. The company has a strong financial position with an EBITDA of $4.804 billion and a PEGRatio of 0.787. The stock is currently trading at $52.88, below its 52-week high of $53.62 and above its 52-week low of $28.87. Analysts have a positive outlook on the stock, with 3 strong buy ratings, 11 buy ratings, and 7 hold ratings.
Company Overview
Newmont Goldcorp Corp is one of the world's largest gold mining companies. The company has operations in the United States, Canada, Mexico, Peru, Indonesia, and Australia. Newmont Goldcorp Corp also has a significant presence in the exploration and development of gold projects.
Fundamental Analysis
Newmont Goldcorp Corp has a strong financial position. The company has an EBITDA of $4.804 billion and a PEGRatio of 0.787. The company's profit margin is -0.133 and its operating margin is 0.305. Newmont Goldcorp Corp has a return on assets of 0.0279 and a return on equity of -0.0809. The company's revenue for the trailing twelve months is $14.875 billion.
Technical Analysis
Newmont Goldcorp Corp's stock price is currently trading at $52.88. The stock is below its 52-week high of $53.62 and above its 52-week low of $28.87. The stock's 50-day moving average is $48.71 and its 200-day moving average is $40.83. The stock's beta is 0.513.
Short Term Outlook
Newmont Goldcorp Corp's stock price is expected to continue to trade in a range between $48.71 and $53.62 in the short term. The stock's 50-day moving average is acting as a support level and its 200-day moving average is acting as a resistance level.
Long Term Outlook
Newmont Goldcorp Corp's stock price is expected to rise in the long term. The company has a strong financial position and a positive outlook from analysts. The stock's price-to-earnings ratio is currently 10.03, which is below the industry average. This indicates that the stock is undervalued and has the potential to appreciate in value.
Analyst Recommendations
Analysts have a positive outlook on Newmont Goldcorp Corp's stock. Three analysts have a strong buy rating, 11 analysts have a buy rating, and 7 analysts have a hold rating. The average analyst target price is $55.83.
