NEM stock: buy or sell

NEM stock price: $61.86 -2.32% At close on Jan 15th, 2021

Updated on:
Jan 18th, 2021

2

NEM stock brief

  • Newmont Goldcorp closed last Friday at $61.86 after falling a -2.32%.
  • Looking at the chart, price is drawing an scaled downtrend since last November with lower tops and lower bottoms. shares price lost a -9.02% since the downtrend started.
  • Raymond James posted a bullish rating for Newmont Goldcorp last Friday, with a target of $86.00
  • Newmont Corporation engages in the production and exploration of gold, copper, silver, zinc, and lead.

Should I buy Newmont Goldcorp stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 $NEM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Newmont Goldcorp stock?

Knowing when to sell a stock is even harder than knowing when to buy it. In the same way as when we have to buy shares, determining when is appropiate time to sell is not a whimsy decision, and we must adhere our own trading style. When selling, as well as buying, our strategies are very easy to use but are only valid for selling shares you already own, not for shorting $NEM stock

A guiding principle is that you must never mantain an open trade that produces losses greater than those expected upon the buy. The timing to sell shares must always be dictated by the stop-loss (automatic or manual)

Is it time to sell Newmont Goldcorp stock?

Currently, Newmont Goldcorp stock doesn't match any of our preferred sell setups, so if you own Newmont Goldcorp stock and your operation is in profit probably is not time to sell now

Newmont Goldcorp ratings

In the last month, 2 brokerage ratings were published for Newmont Goldcorp. General sentiment is bullish, with 2 out of 2 posting positive forecasts

Newmont Goldcorp analysts' ratings - Last 30 days
Brokerage firmRating
Jan 11th, 2021
National Bank Financial Buy
Jan 15th, 2021
Raymond James Buy

Newmont Goldcorp stock analysis

From a technical standpoint, Newmont Goldcorp continues trending lower since last November, and has accumulated a selloff of -9.02%. The stock plotted 2 consecutive lower tops.

SMAs overview

NEM stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $62.00 (0.23% above)
  • R2: $63.90 (3.30% above)
  • R3: $65.78 (6.34% above)
  • The current supports are:

  • S1: $60.86 (-1.62% below)
  • S2: $59.87 (-3.22% below)
  • S3: $58.88 (-4.82% below)
  • Bollinger bands

    Since the price surpassed the upper band on January 7, the price has corrected downwards by 5.96%

    NEM stock Bollinger Bands chart

    Relative strength index

    The has been between the levels of 70 and 30 for many weeks, and therefore, without this indicator really being of any help to us in making any decisions.

    NEM stock RSI chart

    Newmont Goldcorp stock price history

    Newmont Goldcorp started trading priced at an adjusted price1 of $0.00 on Mar 1980. Since then, NEM stock surged by -, with an average of 0.00% per year. If you had invested thousand dollars in Newmont Goldcorp stock at that time, it would be valued $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    NEM stock price history chart

    Price target for Newmont Goldcorp stock

    Nobody can predict how much a share will be priced in the future. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.

    The following table shows the price target posted by financial institutions in the last month. If you are a small investor you don't have to trade based on these price targets.

    There is just one price target available for Newmont Goldcorp that predicts a price of $86.00.

    Newmont Goldcorp stock price predictions
    Brokerage firmPrice target
    Jan 11th, 2021
    National Bank Financial Not available
    Jan 15th, 2021
    Raymond James $90.00$86.00

    Earnings and financials

    Newmont Corporation ($NEM) published earnings of $0.86 per share last October, meeting the Market consensus estimate of $0.84 per share. Company's sales resulted of $3.2 billion in contrast to $3.3 billion estimated by analysts.

    Same quarter one year ago, reported EPS was $0.36, so recently posted EPS is a gain of 138.89%. Looking at sales, figures skyrocketed a 16.84% compared to $27.1B same quarter a year ago.

    NEM ($NEM) is posting financial report mid next February. Estimated for this quarter is $0.96, compared to $0.86 that was reported for Q3.

    Newmont Goldcorp performance

    NEM performance compared
    Company1m3m6m
    Newmont Goldcorp ($NEM) 4.00% -1.40% -1.50%

    Important:
    The viewpoints given in this article are personal and not recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the particular 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 Comments are published for education purposes only

    NEM summary

    Friday, January 15th, 2021
    Open$62.63
    Close$61.86
    Day range$61.78 - $63.43
    Previous close$63.33
    Session gain-2.32%
    Average true range$2.17
    50d mov avg$61.48
    100d mov avg$62.35
    200d mov avg$61.60
    Earnings dateFebruary 18th, 2021

    Frequently asked questions

    What is Newmont Goldcorp stock symbol?

    Newmont Corporation is a public company trading in the US stock market with the NEM symbol

    Is Newmont Goldcorp stock a buy or sell?

    Newmont Goldcorp received 2 ratings in the last 30 days: 2 bullish, 0 bearish and 0 neutral.

    Will NEM go up?

    Newmont Goldcorp had different price predictions issued by analysts in the last month forecasting the target price to $86.00. That is a 39.02% than the current price ($61.86).