NEM stock: buy or sell
Updated on:
Apr 22nd, 2021
2
NEM stock brief
- Newmont Goldcorp stock inched 1.49% to close at $66.82 on the stock market on Wednesday.
- On Tuesday broke out above its latest top at $65.14
- The price is currently above the upper Bollinger band, which often indicates a near-term correction
- Last Friday broke out above its latest top at $65.14
- Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead.
Should I buy Newmont Goldcorp stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $NEM stock a buy?
In the current situation of Newmont Goldcorp there is not any eligible buy setup. This doesn't mean we expect a selloff for $NEM in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell Newmont Goldcorp stock?
How to know when is it time to sell Newmont Goldcorp?. As when we have to buy shares, choosing when is the best time to sell is not a whimsy decision, and we must follow our own trading style. We like very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies are not intended for selling short $NEM stock
As a golden rule, you should never mantain a trade that yields losses greater than those expected by the time of purchase. When to sell shares must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Newmont Goldcorp stock?
In the current situation of Newmont Goldcorp there is not any eligible sell setup, so Newmont Goldcorp stock holders with operations in profit can keep their positions
Newmont Goldcorp ratings
In the last 30 days, just one rating was published for Newmont Goldcorp
| Brokerage firm | Rating |
|---|---|
| Apr 6th, 2021 | |
| Raymond James | Buy |
Newmont Goldcorp stock analysis
On Tuesday, the price broke out over the previous top at $65.14 on the downtrend started in November 2020. Since then, the price action resulted in a 2.58% profit.
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Price levels above or below the Bollinger Bands mean that the price has followed a strong trend that has led to extreme upward or downward values. For this case, the price is over the upper band, which should mean a possible short-term adjustment (at least) until it is below the band
Relative strength index
When the fluctuates for so long below 70 and above 30, without any indication of overvaluation and undervaluation, the indicator gets of little use, and we find ourselves in one of these cases.
Newmont Goldcorp stock price history
Newmont Goldcorp started trading priced at an adjusted price1 of $0.00 on Mar 1980. Since then, NEM stock has risen by -, with an average of 0.00% per year. An investment of $1,000USD at that time would be valued $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Newmont Goldcorp stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
The following table shows the price predictions released by brokerage institutions for the last 30 days. Again, these forecasts are not direct recommendations for individual traders and should not be trusted blindly.
There is just one price target issued for Newmont Goldcorp that forecasts a price of $78.00.
| Brokerage firm | Price target |
|---|---|
| Apr 6th, 2021 | |
| Raymond James | $86.00 → $78.00 |
Earnings and financials
Newmont Corporation ($NEM) released quarterly earnings of $1.06 per share last February, surpassing the analysts consensus estimate of $0.95 per share. This quarterly report represents an earnings surprise of 11.58%. On the contrary, the company reported turnover was $3.4 billion in line with analysts' forecasts.
Compared to the same quarter last year, EPS was $0.50, so current EPS is a gain of 112.00%. Looking at revenues, figures skyrocketed a 13.95% compared to $29.7B same quarter 12 months ago.NEM ($NEM) is hosting the earnings call next Tuesday. Market analysts analysts estimate of $0.81, that is a 23.58% lower than previous quarter.
Newmont Goldcorp performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Newmont Goldcorp ($NEM) | 9.90% | 6.10% | 9.80% |
Please read:
The comments written in this article are personal and not recommendations for you to buy or sell stocks. The author of this article does not have any knowledge of the specific positions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are provided for general educational reasons onlyNEM summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $66.03 |
| Close | $66.82 |
| Day range | $65.61 - $66.99 |
| Previous close | $65.84 |
| Session gain | 1.49% |
| Average true range | $1.93 |
| 50d mov avg | $59.61 |
| 100d mov avg | $59.80 |
| 200d mov avg | $61.52 |
| Earnings date | May 4th, 2021 |