The shares of Newmont Mining Corporation (NYSE:NEM) has been pegged with a rating of Neutral by B. Riley FBR in its latest research note that was published on March 19th, 2019. The research company has also assigned a $38.40 price target. B. Riley FBR 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. CIBC advised investors in its research note published on January 15th, 2019, to Neutral the NEM stock. The stock had earned Overweight rating from Morgan Stanley when it published its report on June 12th, 2018. The stock was given Underperform rating by RBC Capital Mkts in its report released on March 12th, 2018. Deutsche Bank was of a view that NEM is Hold in its latest report on January 16th, 2018 while giving it a price target of $40. Argus thinks that NEM is worth Buy rating. This was contained in the firm’s report on July 27th, 2017 in which the stock’s price target was also moved to $43.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 3 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $40.68. The price of the stock the last time has raised by 25.95% 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 68.00.
The shares of the company dipped by -0.16% during the trading session on Tuesday, reaching a low of $36.21 while ending the day at $36.60. During the trading session, a total of 5.08 million shares were traded which represents a 55.56% incline from the average session volume which is 11.43M shares. NEM had ended its last session trading at 36.66. Newmont Mining Corporation currently has a market cap of $19.49B, while its P/E ratio stands at 59.80, while its P/E earnings growth sits at 2.69, with a beta of 0.04. Newmont Mining Corporation debt-to-equity ratio currently stands at 0.41, while its quick ratio hovers at 2.60. 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 $0.40 earnings per share which is above the $0.25 predicted by most analysts. The Newmont Mining Corporation generated $2,048.00 million in revenue during the last quarter, which is slightly higher than the $1,876.43 million predicted by analysts. In the second quarter last year, the firm recorded $0.33 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 17.5%. Newmont Mining Corporation has the potential to record 0.61 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Goldman published a research note on February 26th, 2019 where it informed investors and clients that CenterPoint Energy, Inc. (NYSE:CNP) is now rated as Buy. Their price target on the stock stands at $34. CIBC also rated CNP as Downgrade on January 15th, 2019, with its price target of $54 suggesting that CNP could surge by 4.38% from its current share price. Even though the stock has been trading at $30.46/share, analysts expect it to surge higher by -0.46% to reach $31.71/share. It started the day trading at $30.53 and traded between $30.18 and $30.32 throughout the trading session.
A look at its technical shows that CNP’s 50-day SMA is 30.64 while its 200-day SMA stands at 28.73. The stock has a high of $31.42 for the year while the low is $24.81. The company’s P/E ratio currently sits at 41.20, while the P/B ratio is 2.40. At the moment, only of CenterPoint Energy, Inc. shares were sold short. The company’s average trading volume currently stands at 4.65M shares, which means that the short-interest ratio is just 4.03 days. Over the past seven days, the company moved, with its shift of -1.49%. Looking further, the stock has raised 3.34% over the past 90 days while it gained 9.34% 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 CNP shares, increasing its portfolio by +2.94% during the last quarter. This move now sees The Vanguard Group Inc purchasing 1,588,061 shares in the last quarter, thus it now holds 55,581,800 shares of CNP, with a total valuation of $1,706,361,260. BlackRock Fund Advisors meanwhile bought more CNP shares in the recently filed quarter, changing its stake to $1,101,634,778 worth of shares. SSgA Funds Management Inc followed the path by increasing its CNP portfolio by +13.90% in the quarter. This means that SSgA Funds Management Inc bought 3,247,182 shares in the last quarter and now controls 26,614,720 shares of the CNP stock, with the valuation hitting $817,071,904.
Similarly, Massachusetts Financial Services increased its CenterPoint Energy, Inc. shares by +16.51% during the recently filed quarter. After buying 1,103,691 shares in the last quarter, the firm now controls 7,788,204 shares of CenterPoint Energy, Inc. which are valued at $239,097,863. In the same vein, Invesco Capital Management LLC increased its CenterPoint Energy, Inc. shares by during the most recent reported quarter. The firm bought 760,772 shares during the quarter which increased its stakes to 7,508,303 shares and is now valued at $230,504,902. Following these latest developments, around 0.20% of CenterPoint Energy, Inc. stocks are owned by institutional investors and hedge funds.