Is It Right Time to Be Bullish on Cardtronics plc (CATM), Newmont Goldcorp Corporation (NEM)?

The shares of Cardtronics plc (NASDAQ:CATM) has been pegged with a rating of Buy by DA Davidson in its latest research note that was published on May 31st, 2019. DA Davidson wasn’t the only research firm that published a report of Cardtronics plc, with other equities research analysts also giving their opinion on the stock. Wells Fargo advised investors in its research note published on January 24th, 2018, to Outperform the CATM stock. The stock had earned Underperform rating from BofA/Merrill when it published its report on January 18th, 2018. The stock was given Hold rating by Lake Street in its report released on September 27th, 2017, the day when the price target on the stock was placed at $31. William Blair was of a view that CATM is Mkt Perform in its latest report on September 26th, 2017. Lake Street thinks that CATM is worth Buy rating. This was contained in the firm’s report on June 19th, 2017 in which the stock’s price target was also moved to $46.

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 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $41.20. The price of the stock the last time has raised by 40.52% 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 72.05.

The shares of the company added by 10.33% during the trading session on Friday, reaching a low of $31.89 while ending the day at $33.12. During the trading session, a total of 2.09 million shares were traded which represents a -488162.93% decline from the average session volume which is 427.04K shares. CATM had ended its last session trading at 30.02. Cardtronics plc currently has a market cap of $1.39B, while its P/E ratio stands at 149.86, while its P/E earnings growth sits at 1.05, with a beta of 1.33. Cardtronics plc debt-to-equity ratio currently stands at 2.15, while its quick ratio hovers at 0.70. CATM 52-week low price stands at $23.57 while its 52-week high price is $39.10.

The company in its last quarterly report recorded $0.69 earnings per share which is above the $0.51 predicted by most analysts. The Cardtronics plc generated $340.82 million in revenue during the last quarter, which is slightly higher than the $331.90 million predicted by analysts. In the second quarter last year, the firm recorded $0.35 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 49.28%. Cardtronics plc has the potential to record 0.22 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Citigroup published a research note on May 23rd, 2019 where it informed investors and clients that Newmont Goldcorp Corporation (NYSE:NEM) is now rated as Buy. Wells Fargo also rated NEM as Upgrade on January 24th, 2018, with its price target of $45 suggesting that NEM could surge by 16.13% from its current share price. Even though the stock has been trading at $37.15/share, analysts expect it to surge higher by -0.65% to reach $44.01/share. It started the day trading at $37.26 and traded between $36.66 and $36.91 throughout the trading session.

A look at its technical shows that NEM’s 50-day SMA is 36.84 while its 200-day SMA stands at 34.10. At the moment, only of Newmont Goldcorp Corporation shares were sold short. The company’s average trading volume currently stands at 8.91M shares, which means that the short-interest ratio is just 1.53 days. Over the past seven days, the company moved, with its shift of -0.99%. Looking further, the stock has raised 22.14% over the past 90 days while it gained 11.79% 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 NEM shares, increasing its portfolio by +0.73% during the last quarter. This move now sees The Vanguard Group Inc purchasing 474,957 shares in the last quarter, thus it now holds 65,838,813 shares of NEM, with a total valuation of $2,532,819,136. Van Eck Associates Corp meanwhile sold more NEM shares in the recently filed quarter, changing its stake to $1,717,595,019 worth of shares. BlackRock Fund Advisors followed the path by increasing its NEM portfolio by +2.71% in the quarter. This means that BlackRock Fund Advisors bought 1,028,234 shares in the last quarter and now controls 39,001,681 shares of the NEM stock, with the valuation hitting $1,500,394,668.

Similarly, SSgA Funds Management Inc increased its Newmont Goldcorp Corporation shares by +4.28% during the recently filed quarter. After buying 1,123,667 shares in the last quarter, the firm now controls 27,369,355 shares of Newmont Goldcorp Corporation which are valued at $1,052,899,087. In the same vein, First Eagle Investment Management increased its Newmont Goldcorp Corporation shares by during the most recent reported quarter. The firm bought 236,468 shares during the quarter which increased its stakes to 20,822,175 shares and is now valued at $801,029,072. Following these latest developments, around 0.30% of Newmont Goldcorp Corporation stocks are owned by institutional investors and hedge funds.