Is Newmont Undervalued - Forbes
| NMM Stock | EUR 37.45 0.12 0.32% |
Slightly above 67% of Newmont's investor base is looking to short. The analysis of current outlook of investing in Newmont suggests that many traders are alarmed regarding Newmont's prospects. Newmont's investing sentiment can be driven by a variety of factors including economic data, Newmont's earnings reports, geopolitical events, and overall market trends.
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Is Newmont Undervalued Forbes
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Newmont Fundamental Analysis
We analyze Newmont's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Newmont using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Newmont based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Annual Yield
Annual Yield Comparative Analysis
Newmont is currently under evaluation in annual yield category among its peers. Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
Newmont Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Newmont stock to make a market-neutral strategy. Peer analysis of Newmont could also be used in its relative valuation, which is a method of valuing Newmont by comparing valuation metrics with similar companies.
Peers
Newmont Related Equities
| DFA1 | DAIRY FARM | 0.92 | ||||
| ODP | OFFICE DEPOT | 0.00 | ||||
| 719 | 24SEVENOFFICE GROUP | 0.48 | ||||
| A41 | ADDUS HOMECARE | 0.83 | ||||
| 3TY | Titan Machinery | 1.47 | ||||
| 6WW | WIMFARM SA | 8.49 |
Additional Tools for Newmont Stock Analysis
When running Newmont's price analysis, check to measure Newmont's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Newmont is operating at the current time. Most of Newmont's value examination focuses on studying past and present price action to predict the probability of Newmont's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newmont's price. Additionally, you may evaluate how the addition of Newmont to your portfolios can decrease your overall portfolio volatility.