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 23.78% 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 59.21.
The shares of the company dipped by -0.83% during the trading session on Thursday, reaching a low of $35.65 while ending the day at $35.97. During the trading session, a total of 10.95 million shares were traded which represents a 4.47% incline from the average session volume which is 11.46M shares. NEM had ended its last session trading at 36.27. Newmont Mining Corporation currently has a market cap of $19.15B, while its P/E ratio stands at 58.77, while its P/E earnings growth sits at 2.64, 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 Maxim Group published a research note on September 13th, 2017 where it informed investors and clients that BioPharmX Corporation (NYSE:BPMX) is now rated as Buy. Their price target on the stock stands at $1.50. CIBC also rated BPMX as Downgrade on January 15th, 2019, with its price target of $8 suggesting that BPMX could down by -INF% from its current share price. It started the day trading at $0.09 and traded between $0.09 and $0.09 throughout the trading session.
A look at its technical shows that BPMX’s 50-day SMA is 0.10 while its 200-day SMA stands at 0.15. At the moment, only of BioPharmX Corporation shares were sold short. The company’s average trading volume currently stands at 7.92M shares, which means that the short-interest ratio is just 0.37 days. Over the past seven days, the company moved, with its shift of 1.47%. Looking further, the stock has dropped -27.88% over the past 90 days while it lost -49.97% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Empery Asset Management LP bought more BPMX shares, increasing its portfolio by +168.24% during the last quarter. This move now sees Empery Asset Management LP purchasing 12,593,658 shares in the last quarter, thus it now holds 20,078,972 shares of BPMX, with a total valuation of $1,766,950. The Vanguard Group Inc meanwhile bought more BPMX shares in the recently filed quarter, changing its stake to $554,206 worth of shares. Franklin Advisers Inc followed the path by decreasing its BPMX portfolio by -52.98% in the quarter. This means that Franklin Advisers Inc sold -5,165,000 shares in the last quarter and now controls 4,584,615 shares of the BPMX stock, with the valuation hitting $403,446.