The shares of Newmont Mining Corporation (NYSE:NEM) has been pegged with a rating of Neutral by CIBC in its latest research note that was published on January 15th, 2019. CIBC wasn’t the only research firm that published a report of Newmont Mining Corporation, with other equities research analysts also giving their opinion on the stock. Morgan Stanley advised investors in its research note published on June 12th, 2018, to Overweight the NEM stock. The stock had earned Underperform rating from RBC Capital Mkts when it published its report on March 12th, 2018. The stock was given Hold rating by Deutsche Bank in its report released on January 16th, 2018, the day when the price target on the stock was placed at $40. Argus was of a view that NEM is Buy in its latest report on July 27th, 2017 while giving it a price target of $43. RBC Capital Mkts thinks that NEM is worth Sector Perform rating. This was contained in the firm’s report on March 16th, 2017 in which the stock’s price target was also moved to $38.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 4 believe it has the potential for further growth, thus rating it as Hold while 4 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $39.88. The price of the stock the last time has raised by 15.79% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 52.31.
The shares of the company dipped by -0.56% during the trading session on Monday, reaching a low of $33.41 while ending the day at $33.65. During the trading session, a total of 3.85 million shares were traded which represents a 43.58% incline from the average session volume which is 6.82M shares. NEM had ended its last session trading at 33.84. Newmont Mining Corporation currently has a market cap of $17.94B, while its P/E ratio stands at 39.96, while its P/E earnings growth sits at 2.51, with a beta of 0.04. Newmont Mining Corporation debt-to-equity ratio currently stands at 0.40, while its quick ratio hovers at 4.00. NEM 52-week low price stands at $29.06 while its 52-week high price is $41.98.
The company in its last quarterly report recorded $0.33 earnings per share which is above the $0.19 predicted by most analysts. The Newmont Mining Corporation generated $1,726.00 million in revenue during the last quarter, which is slightly lower than the $1,791.63 million predicted by analysts. In the second quarter last year, the firm recorded $0.26 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 21.21%. Newmont Mining Corporation has the potential to record 0.84 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Goldman published a research note on January 22nd, 2019 where it informed investors and clients that The Gap, Inc. (NYSE:GPS) is now rated as Sell. Their price target on the stock stands at $23. Morgan Stanley also rated GPS as Upgrade on June 12th, 2018, with its price target of $17 suggesting that GPS could surge by 13.81% from its current share price. Even though the stock has been trading at $24.90/share, analysts expect it to surge higher by -0.24% to reach $28.82/share. It started the day trading at $24.92 and traded between $24.62 and $24.84 throughout the trading session.
A look at its technical shows that GPS’s 50-day SMA is 25.79 while its 200-day SMA stands at 28.53. The stock has a high of $34.71 for the year while the low is $24.25. The company’s P/E ratio currently sits at 10.04, while the P/B ratio is 2.77. The company’s average trading volume currently stands at 5.05M shares, which means that the short-interest ratio is just 5.30 days. Over the past seven days, the company moved, with its shift of -1.74%. Looking further, the stock has dropped -9.34% over the past 90 days while it lost -20.33% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more GPS shares, increasing its portfolio by +5.52% during the last quarter. This move now sees The Vanguard Group Inc purchasing 1,439,560 shares in the last quarter, thus it now holds 27,511,467 shares of GPS, with a total valuation of $708,695,390. SunAmerica Asset Management LLC meanwhile sold more GPS shares in the recently filed quarter, changing its stake to $418,115,995 worth of shares. BlackRock Fund Advisors followed the path by increasing its GPS portfolio by +1.40% in the quarter. This means that BlackRock Fund Advisors bought 155,563 shares in the last quarter and now controls 11,286,670 shares of the GPS stock, with the valuation hitting $290,744,619.
Similarly, SSgA Funds Management Inc increased its The Gap, Inc. shares by +9.29% during the recently filed quarter. After buying 908,089 shares in the last quarter, the firm now controls 10,681,295 shares of The Gap, Inc. which are valued at $275,150,159. In the same vein, AQR Capital Management LLC increased its The Gap, Inc. shares by during the most recent reported quarter. The firm bought 8,105,713 shares during the quarter which increased its stakes to 9,883,253 shares and is now valued at $254,592,597. Following these latest developments, around 37.49% of The Gap, Inc. stocks are owned by institutional investors and hedge funds.