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 wasnâ€™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 firmâ€™s report on July 27th, 2017 in which the stockâ€™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 20.55% from its Week high price while it is raised higher than its 52-Week low price. A look at the stockâ€™s other technical shows that its 14-day RSI now stands at 44.98.
The shares of the company dipped by -1.75% during the trading session on Wednesday, reaching a low of $33.97 while ending the day at $34.18. During the trading session, a total of 82.39 million shares were traded which represents a -612.7% decline from the average session volume which is 11.56M shares. NEM had ended its last session trading at 34.79. Newmont Mining Corporation currently has a market cap of $18.20B, while its P/E ratio stands at 55.85, 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 0.41, while its quick ratio hovers at 2.60. NEM 52-week low price stands at $28.35 while its 52-week high price is $40.94.
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 firmâ€™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 Citigroup published a research note on April 4th, 2019 where it informed investors and clients that NIO Inc. (NYSE:NIO) is now rated as Buy. CIBC also rated NIO as Downgrade on January 15th, 2019, with its price target of $102 suggesting that NIO could surge by 42.7% from its current share price. Even though the stock has been trading at $4.45/share, analysts expect it to surge higher by 3.15% to reach $8.01/share. It started the day trading at $4.72 and traded between $4.51 and $4.59 throughout the trading session.
At the moment, only of NIO Inc. shares were sold short. The companyâ€™s average trading volume currently stands at 31.41M shares, which means that the short-interest ratio is just 2.16 days. Over the past seven days, the company moved, with its shift of -9.11%. Looking further, the stock has dropped -31.59% over the past 90 days while it lost -41.30% over the last six months.
The change in the stockâ€™s fortunes has led to several institutional investors altering their holdings of the stock. Baillie Gifford Co sold more NIO shares, decreasing its portfolio by -5.91% during the last quarter. This move now sees Baillie Gifford Co selling -5,040,994 shares in the last quarter, thus it now holds 80,256,394 shares of NIO, with a total valuation of $409,307,609.
The firm sold 0 shares during the quarter which decreased its stakes to 3,736,290 shares and is now valued at $19,055,079. Following these latest developments, around 52.52% of NIO Inc. stocks are owned by institutional investors and hedge funds.