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 -5.09% downward trend, falling for three consecutive days on July 08, 2026
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 281 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on June 26, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on NEM as a result. In of 76 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for NEM turned negative on July 08, 2026. 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 58 similar instances when the indicator turned negative. In of the 58 cases the stock turned lower in the days that followed. This puts the odds of success at .
The Aroon Indicator for NEM entered a downward trend on June 22, 2026. 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 RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where NEM's RSI Indicator exited the oversold zone, of 36 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 58 cases where NEM's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 318 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.
Fundamental Analysis (Ratings)
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 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (2.849) is normal, around the industry mean (3.419). P/E Ratio (12.088) is within average values for comparable stocks, (64.456). Projected Growth (PEG Ratio) (2.781) is also within normal values, averaging (2.505). Dividend Yield (0.011) settles around the average of (0.016) among similar stocks. P/S Ratio (4.098) is also within normal values, averaging (6.538).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock slightly better 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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