Get started
NEWMONT CORPORATION CEDEAR EACH 3 REP 1NEWMONT CORPORATION CEDEAR EACH 3 REP 1NEWMONT CORPORATION CEDEAR EACH 3 REP 1

NEWMONT CORPORATION CEDEAR EACH 3 REP 1

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Seasonals Bonds

NEM trade ideas

NEM : RESET / POSITION TRADE / HEDGENewmont Mining just came off a record quarter in Q3 with free cash flow of ~$1.3 billion, and increased its dividend by 60% to $1.60 per share annually. Despite these bullish developments, the stock has slumped with the rest of the sector, down more than 20% from its August highs. This correction has left the stock trading below 13x FY2021 annual EPS estimates, with a dividend that's 70% higher than that of the S&P 500. Therefore, if we see any further weakness below $57.25, I would view this as a low-risk buying opportunity for long-term investors looking for steady free cash flow and yield. seekingalpha.com
NYSE:NEMLong
by TradingMavericks
Newmont CorporationChart pattern: Bull flag Entry: 65.78$ (this would end the downtrend which is active since the beginning of August 2020) Stop: 54.18$ Target: 93.354 Stopmanagement: ATR Stops weekly chart default settings Risk:Reward-Ratio: > 2.3:1 Description: Since August 2020 the chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement). Target is the 1:1 Fibonacci extension of the former impusliv move. Additionally, the MACD is also confirming the change in trend. Ordersize: If you have a 10000K to trade and you only want to risk 1% of your volume, you can enter this trade with 570$.
NYSE:NEMLong
by Cape-Peninsula-Capital
Buy $NEM - NRPicks 28 FebNewmont is the world's largest gold producer. In 2020, the company produced 5.9 million attributable ounces of gold and more than 1 million attributable gold equivalent ounces from by-product sales. In the long term, the company expects to produce 6.5 to 7 million ounces of annual gold production while reducing all-in sustaining costs to $800 to $900 per ounce. Newmont is a company that appears to have been unaffected by the pandemic, as we see no significant damage to sales. The current year's results have been better than last year, likewise, we can see that its debt level is in line with its competitors. - Value -2.9% estimated net earnings growth for the next 3 years. - ROE 11.0% VS 13% industry average - P/B 2x VS 2.3x industry. Technicals: - Price level below SMA 250-200-150-100 - Williams R% at -94% levels - RSI (32) Oversold - -8% average downside during the month A 17% correction was presented from January 8 to February 26, which stopped at $54.30 support. This pullback was mainly due to the fortune that the dollar has been gaining and the increase in 10-year bond yields. Ultimately, the buy decision is driven by the strength of the company and that the technical indicators are favorable.
NYSE:NEMLong
by NewroadTrader