Newmont Mining (NEM, $34.88) Is Buying Goldcorp For $10 Billion
Newmont Mining Corp is buying smaller rival Goldcorp Inc. for $10 billion. The merger would create the world's biggest gold producing company. It will have mines in the Americas, Australia and Ghana.
Hoping to produce 6-7 million ounces of gold annually over the next 10 years and beyond, the new company - to be called Newmont Goldcorp – could edge past current leader Barrick Gold in annual production of the yellow metal.
Newmont will also sell $1 billion to $1.5 billion worth of assets over the next two years as part of the deal.
According to Newmont, the acquisition deal is estimated to generate up to $100 million in savings. The deal is scheduled to close in the second quarter.
NEM in -5.28% downward trend, declining for three consecutive days on June 06, 2025
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where NEM declined for three days, in of 315 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for NEM turned negative on June 10, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 57 similar instances when the indicator turned negative. In of the 57 cases the stock turned lower in the days that followed. This puts the odds of success at .
NEM broke above its upper Bollinger Band on June 02, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for NEM entered a downward trend on May 23, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Momentum Indicator moved above the 0 level on June 11, 2025. You may want to consider a long position or call options on NEM as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
NEM moved above its 50-day moving average on May 15, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NEM advanced for three days, in of 294 cases, the price rose further within the following month. The odds of a continued upward trend are .
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 SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued 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 (1.447) is normal, around the industry mean (7.070). P/E Ratio (36.254) is within average values for comparable stocks, (89.884). Projected Growth (PEG Ratio) (1.556) is also within normal values, averaging (10.566). Dividend Yield (0.040) settles around the average of (0.039) among similar stocks. P/S Ratio (2.594) is also within normal values, averaging (147.776).
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 84, placing this stock worse than average.
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Fundamental Analysis Ratings
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General Information
a company which explores and mines for gold and silver
Industry PreciousMetals
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