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Mar 04, 2019

Newmont Board Rejects Barrick's $17.8 Billion Hostile Offer - Bloomberg

Newmont Mining Corp. rejected Barrick Gold Corp.’s $17.8 billion unsolicited takeover bid, a deal that would’ve created the world’s largest gold producer. READ MORE...

Related Ticker: NEM

NEM sees its Stochastic Oscillator ascending out of oversold territory

On March 01, 2024, the Stochastic Oscillator for NEM moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 51 instances where the indicator left the oversold zone. In of the 51 cases the stock moved higher in the following days. This puts the odds of a move higher at over .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where NEM's RSI Oscillator exited the oversold zone, of 33 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for NEM just turned positive on March 01, 2024. Looking at past instances where NEM's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NEM advanced for three days, in of 307 cases, the price rose further within the following month. The odds of a continued upward trend are .

NEM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on February 02, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NEM as a result. In of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NEM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for NEM entered a downward trend on March 01, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.268) is normal, around the industry mean (7.500). P/E Ratio (36.254) is within average values for comparable stocks, (69.550). Projected Growth (PEG Ratio) (1.213) is also within normal values, averaging (6.536). Dividend Yield (0.050) settles around the average of (0.046) among similar stocks. P/S Ratio (2.274) is also within normal values, averaging (146.675).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NEM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NEM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

Notable companies

The most notable companies in this group are Newmont Corp (NYSE:NEM), Barrick Gold Corp (NYSE:GOLD), Wheaton Precious Metals Corp (NYSE:WPM), Gold Fields Ltd (NYSE:GFI), Kinross Gold Corp (NYSE:KGC), Pan American Silver Corp (NYSE:PAAS), Hecla Mining Company (NYSE:HL), FIRST MAJESTIC SILVER Corp (NYSE:AG), SSR Mining (NASDAQ:SSRM).

Industry description

The Precious Metals industry is engaged in exploring/mining metals that are considered to be rare and/or have a high economic value. Popular precious metals include gold, platinum and silver - all three of which are largely used in jewelry, art and coinage alongwith having some industrial uses as well. Precious metals used in industrial processes include iridium, (used in specialty alloys), and palladium ( used in electronics and chemical applications). Historically, precious metals have traded at much higher prices than common industrial metals. Newmont Goldcorp Corp, Barrick Gold Corp and Freeport-McMoRan are few of the major precious metals producing companies in the U.S.

Market Cap

The average market capitalization across the Precious Metals Industry is 912.66M. The market cap for tickers in the group ranges from 575 to 47.49B. ZIJMY holds the highest valuation in this group at 47.49B. The lowest valued company is DRIFF at 575.

High and low price notable news

The average weekly price growth across all stocks in the Precious Metals Industry was 5%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was 10%. NVGLD experienced the highest price growth at 1,097%, while SVGAF experienced the biggest fall at -74%.

Volume

The average weekly volume growth across all stocks in the Precious Metals Industry was 34%. For the same stocks of the Industry, the average monthly volume growth was 33% and the average quarterly volume growth was 129%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 77
Price Growth Rating: 66
SMR Rating: 88
Profit Risk Rating: 88
Seasonality Score: 14 (-100 ... +100)
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NEMDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a company which explores and mines for gold and silver

Industry PreciousMetals

Profile
Fundamentals
Details
Industry
Precious Metals
Address
6900 E Layton Avenue
Phone
+1 303 863-7414
Employees
32400
Web
https://www.newmont.com
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NEM and

Correlation & Price change

A.I.dvisor indicates that over the last year, NEM has been closely correlated with AEM. These tickers have moved in lockstep 79% of the time. This A.I.-generated data suggests there is a high statistical probability that if NEM jumps, then AEM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NEM
1D Price
Change %
NEM100%
+2.21%
AEM - NEM
79%
Closely correlated
+3.25%
GOLD - NEM
78%
Closely correlated
+1.91%
RGLD - NEM
76%
Closely correlated
+2.94%
PAAS - NEM
74%
Closely correlated
+4.71%
WPM - NEM
72%
Closely correlated
+1.89%
More
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