Is There A Value in Newmont Goldcorp Corporation (NEM) And PG&E Corporation (PCG)?

The shares of Newmont Goldcorp Corporation (NYSE:NEM) has been pegged with a rating of Buy by Citigroup in its latest research note that was published on May 23rd, 2019. Citigroup wasn’t the only research firm that published a report of Newmont Goldcorp Corporation, with other equities research analysts also giving their opinion on the stock. TD Securities advised investors in its research note published on April 22nd, 2019, to Buy the NEM stock. The stock had earned Neutral rating from B. Riley FBR when it published its report on March 19th, 2019. That day the B. Riley FBR set price target on the stock to $38.40. The stock was given Neutral rating by CIBC in its report released on January 15th, 2019. Morgan Stanley was of a view that NEM is Overweight in its latest report on June 12th, 2018. RBC Capital Mkts thinks that NEM is worth Underperform rating. This was contained in the firm’s report on March 12th, 2018.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 5 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $43.94. The price of the stock the last time has raised by 33.92% 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 49.38.

The shares of the company added by 0.82% during the trading session on Wednesday, reaching a low of $37.96 while ending the day at $37.97. During the trading session, a total of 11.91 million shares were traded which represents a -32.82% decline from the average session volume which is 8.97M shares. NEM had ended its last session trading at 37.66. Newmont Goldcorp Corporation currently has a market cap of $31.34B while its P/E earnings growth sits at 4.00, with a beta of -0.01. Newmont Goldcorp Corporation debt-to-equity ratio currently stands at 0.35, while its quick ratio hovers at 1.40. NEM 52-week low price stands at $28.35 while its 52-week high price is $40.33.

The company in its last quarterly report recorded $0.12 earnings per share which is below the $0.23 predicted by most analysts. The Newmont Goldcorp Corporation generated $2,257.00 million in revenue during the last quarter, which is slightly lower than the $2,389.59 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 down by -175%. Newmont Goldcorp Corporation has the potential to record -0.01 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Wolfe Research published a research note on June 28th, 2019 where it informed investors and clients that PG&E Corporation (NYSE:PCG) is now rated as Peer Perform. TD Securities also rated PCG as Upgrade on April 22nd, 2019, with its price target of $5 suggesting that PCG could surge by 33.87% from its current share price. Even though the stock has been trading at $16.95/share, analysts expect it to surge higher by -6.02% to reach $24.09/share. It started the day trading at $17.00 and traded between $15.75 and $15.93 throughout the trading session.

A look at its technical shows that PCG’s 50-day SMA is 19.65 while its 200-day SMA stands at 21.07. At the moment, only of PG&E Corporation shares were sold short. The company’s average trading volume currently stands at 7.33M shares, which means that the short-interest ratio is just 4.84 days. Over the past seven days, the company moved, with its shift of -12.28%. Looking further, the stock has dropped -11.79% over the past 90 days while it gained 4.73% 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 sold more PCG shares, decreasing its portfolio by -19.98% during the last quarter. This move now sees The Vanguard Group Inc selling -9,325,780 shares in the last quarter, thus it now holds 37,359,447 shares of PCG, with a total valuation of $677,326,774. The Baupost Group LLC followed the path by increasing its PCG portfolio by +58.33% in the quarter. This means that The Baupost Group LLC bought 9,025,517 shares in the last quarter and now controls 24,500,000 shares of the PCG stock, with the valuation hitting $444,185,000.

Similarly, Appaloosa LP increased its PG&E Corporation shares by +257.24% during the recently filed quarter. Following these latest developments, around 0.21% of PG&E Corporation stocks are owned by institutional investors and hedge funds.