NEWMONT CORPORATION

NEM
Delayed Quote. Delayed  - 05/13 04:10:00 pm
68.92USD +1.56%

Newmont Corporation : The upward trend should continue

05/03/2021 | 11:45am
Tommy Douziech
Junior Analyst

Strategy published on : 05/03/2021 | 11:45

long trade
Target price hit

Entry price : 64.13$
Target : 66.35$
Stop-loss : 62.5$
Potential : 3.46%

The return of higher trading volumes and volatility could reflect theoretically the starting point of the return of a new upward move for shares in Newmont Corporation. The upward movement can be expected to continue.
Investors have an opportunity to buy the stock and target the $ 66.35.

Summary

● For a short-term investment strategy, the company has poor fundamentals.


Strengths

● The group's activity appears highly profitable thanks to its outperforming net margins.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock


Weaknesses

● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.

● Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

● The company's sales previsions for the coming years have been revised downwards, which foreshadows another slowdown in business.

● For the last few months, analysts have been revising downwards their earnings forecast.

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