It is not a wise decision to invest in the stocks without even giving a thought to market expert’s recommendations. Investors can fail to categorize the quality bargains, consequently falling into a trap of fruitless investment. However, they can avoid such kind of investment mistakes by looking out for the financial ratios of a company. The first ratio that tops the checklist of financial ratios is Price-to-Earnings ratio, which for Newmont Mining Corporation (NYSE:NEM) stands at 62.49 .
For FY2016 the P/E projection stands at 20.96 compared to FY2017 P/E estimate of 33.28. This specific financial ratio is broadly used by market experts, research groups and investors to short-list stocks that make an attractive investment. The two figures used to compute P/E ratio are the latest stock price and firm’s earning per share.
In previous trading session, Newmont Mining Corporation (NYSE:NEM) closed at $26.58, and today’s stock marked a high of $26.66 and a low of $25.63. Newmont Mining Corporation is a NYQ public traded organization with a market capitalization of $14.09B. The daily volume averaged at 10586000 in last three months.
Highlighting more technical parameters, $26.11 is the 50-day moving average of stock with the last closing price +1.95% points away from it. Presently, the stock is hovering +30.89% off the 200-day moving average. Newmont Mining Corporation’s latest price is $-6.23% off its 52-week high of $28.39 and $+72.97% away from low of $15.39 in same period.
The updated poll data confirms that the stock has potential to hit $27.25 in 2017. The mean EPS stood at $0.43 last year, and for this quarter, it is predicted at $0.20. First Call stated that the firm’s per-share-earnings can come at $0.80 this year, and $1.27 next year.
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