Is Buying Stock Like Newmont Goldcorp Corporation (NEM) After Such Increase Winning Strategy?

Newmont Goldcorp Corporation (NYSE:NEM) Logo

Investors sentiment increased to 1.47 in 2019 Q1. Its up 0.41, from 1.06 in 2018Q4. It improved, as 35 investors sold Newmont Goldcorp Corporation shares while 138 reduced holdings. 71 funds opened positions while 184 raised stakes. 484.31 million shares or 8.04% more from 448.27 million shares in 2018Q4 were reported.
Scheer Rowlett And Associates Invest Mngmt Limited stated it has 2.48% in Newmont Goldcorp Corporation (NYSE:NEM). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Management accumulated 0.26% or 790,400 shares. Royal London Asset Mgmt Limited holds 0% of its portfolio in Newmont Goldcorp Corporation (NYSE:NEM) for 217,080 shares. Natl Bank Of Nova Scotia holds 0.05% in Newmont Goldcorp Corporation (NYSE:NEM) or 322,119 shares. Cannell Peter B And Incorporated invested in 0.03% or 25,185 shares. Washington Trust Comml Bank reported 0.06% of its portfolio in Newmont Goldcorp Corporation (NYSE:NEM). Moreover, Twin Cap has 0.39% invested in Newmont Goldcorp Corporation (NYSE:NEM). Hudock Group Inc Limited Liability Corporation invested in 0% or 273 shares. Goldman Sachs Group Incorporated holds 0.08% of its portfolio in Newmont Goldcorp Corporation (NYSE:NEM) for 7.70M shares. Cetera Advisor Netwr Limited Liability Corporation stated it has 28,086 shares or 0.03% of all its holdings. Livforsakringsbolaget Skandia Omsesidigt reported 4,743 shares stake. Moreover, Ballentine Ptnrs Lc has 0.01% invested in Newmont Goldcorp Corporation (NYSE:NEM). Everence Cap Management Incorporated reported 19,630 shares stake. 3.98 million were accumulated by Invesco. Oregon Pub Employees Retirement Fund stated it has 140,759 shares.

The stock of Newmont Goldcorp Corporation (NYSE:NEM) is a huge mover today! The stock increased 2.20% or $0.83 during the last trading session, reaching $38.49. About 5.01M shares traded. Newmont Goldcorp Corporation (NYSE:NEM) has risen 1.91% since August 14, 2018 and is uptrending. It has outperformed by 1.91% the S&P500.
The move comes after 9 months positive chart setup for the $31.56B company. It was reported on Aug, 14 by Barchart.com. We have $39.64 PT which if reached, will make NYSE:NEM worth $946.74M more.

Analysts await Newmont Goldcorp Corporation (NYSE:NEM) to report earnings on October, 24. They expect $0.41 earnings per share, up 24.24 % or $0.08 from last year’s $0.33 per share. NEM’s profit will be $336.16 million for 23.47 P/E if the $0.41 EPS becomes a reality. After $0.12 actual earnings per share reported by Newmont Goldcorp Corporation for the previous quarter, Wall Street now forecasts 241.67 % EPS growth.

Newmont Goldcorp Corporation (NYSE:NEM) Ratings Coverage

Among 5 analysts covering Newmont Mining Corporation (NYSE:NEM), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Newmont Mining Corporation had 11 analyst reports since February 22, 2019 according to SRatingsIntel. BMO Capital Markets maintained the shares of NEM in report on Wednesday, July 3 with “Market Perform” rating. The stock of Newmont Goldcorp Corporation (NYSE:NEM) has “Overweight” rating given on Tuesday, April 9 by Barclays Capital. The stock has “Hold” rating by FBR Capital on Tuesday, June 25. The rating was maintained by Jefferies with “Hold” on Friday, February 22. The rating was maintained by Deutsche Bank on Wednesday, April 10 with “Hold”.

More notable recent Newmont Goldcorp Corporation (NYSE:NEM) news were published by: 247Wallst.com which released: “Why Gold Is Absolutely a Must-Own Now for All Investors – 24/7 Wall St.” on March 26, 2019, also Seekingalpha.com with their article: “Newmont Goldcorp Entering A New Business Cycle – Seeking Alpha” published on May 06, 2019, Seekingalpha.com published: “Newmont Mining (NEM) Presents At BMO Capital Markets Global Metals & Mining Conference – Slideshow – Seeking Alpha” on February 25, 2019. More interesting news about Newmont Goldcorp Corporation (NYSE:NEM) were released by: Forbes.com and their article: “Will The Proposed Nevada Joint Venture With Barrick Gold Help Newmont Realize Better Value? – Forbes” published on March 06, 2019 as well as 247Wallst.com‘s news article titled: “Defensive Stocks Standing Strong as Broader Stock Market Indexes Tank – 24/7 Wall St.” with publication date: August 07, 2019.

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company has market cap of $31.56 billion. The firm primarily acquires, develops, explores for, and produces gold. It currently has negative earnings. It also explores for silver and copper properties.

Newmont Goldcorp Corporation (NYSE:NEM) Institutional Positions Chart

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