Newmont Goldcorp Corp Stock Probability of Future Stock Price Finishing Over 54.58

NEM Stock  USD 35.25  1.25  3.68%   
Newmont Goldcorp's implied volatility is one of the determining factors in the pricing options written on Newmont Goldcorp Corp. Implied volatility approximates the future value of Newmont Goldcorp based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Newmont Goldcorp Corp over a specific time period. For example, 2024-03-28 CALL at $35.0 is a CALL option contract on Newmont Goldcorp's common stock with a strick price of 35.0 expiring on 2024-03-28. The contract was last traded on 2024-03-27 at 15:59:54 for $0.4 and, as of today, has 0 days remaining before the expiration. The option is currently trading at a bid price of $0.38, and an ask price of $0.43. The implied volatility as of the 28th of March is 34.91. View All Newmont options

Closest to current price Newmont long CALL Option Payoff at Expiration

Newmont Goldcorp's future price is the expected price of Newmont Goldcorp instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Newmont Goldcorp Corp performance during a given time horizon utilizing its historical volatility. Check out Newmont Goldcorp Backtesting, Newmont Goldcorp Valuation, Newmont Goldcorp Correlation, Newmont Goldcorp Hype Analysis, Newmont Goldcorp Volatility, Newmont Goldcorp History as well as Newmont Goldcorp Performance.
  
At this time, Newmont Goldcorp's Price To Sales Ratio is very stable compared to the past year. As of the 28th of March 2024, Price To Operating Cash Flows Ratio is likely to grow to 20.42, while Price Book Value Ratio is likely to drop 1.14. Please specify Newmont Goldcorp's target price for which you would like Newmont Goldcorp odds to be computed.

Newmont Goldcorp Target Price Odds to finish over 54.58

The tendency of Newmont Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move over $ 54.58  or more in 90 days
 35.25 90 days 54.58 
near 1
Based on a normal probability distribution, the odds of Newmont Goldcorp to move over $ 54.58  or more in 90 days from now is near 1 (This Newmont Goldcorp Corp probability density function shows the probability of Newmont Stock to fall within a particular range of prices over 90 days) . Probability of Newmont Goldcorp Corp price to stay between its current price of $ 35.25  and $ 54.58  at the end of the 90-day period is about 45.8 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.7 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Newmont Goldcorp will likely underperform. Additionally Newmont Goldcorp Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   Newmont Goldcorp Price Density   
       Price  

Predictive Modules for Newmont Goldcorp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Newmont Goldcorp Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Newmont Goldcorp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
32.7535.1437.53
Details
Intrinsic
Valuation
LowRealHigh
31.7345.4247.81
Details
Naive
Forecast
LowNextHigh
31.5433.9236.31
Details
24 Analysts
Consensus
LowTargetHigh
69.0775.9084.25
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Newmont Goldcorp. Your research has to be compared to or analyzed against Newmont Goldcorp's peers to derive any actionable benefits. When done correctly, Newmont Goldcorp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Newmont Goldcorp Corp.

Newmont Goldcorp Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Newmont Goldcorp is not an exception. The market had few large corrections towards the Newmont Goldcorp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Newmont Goldcorp Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Newmont Goldcorp within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.43
β
Beta against NYSE Composite1.70
σ
Overall volatility
3.13
Ir
Information ratio -0.15

Newmont Goldcorp Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Newmont Goldcorp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Newmont Goldcorp Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Newmont Goldcorp generated a negative expected return over the last 90 days
The company reported the last year's revenue of 11.78 B. Reported Net Loss for the year was (2.52 B) with profit before taxes, overhead, and interest of 4.53 B.
About 72.0% of the company shares are owned by institutional investors
Latest headline from benzinga.com: Royal Golds Growth Remains Modest, Says Bullish Analyst This Could Change

Newmont Goldcorp Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Newmont Stock often depends not only on the future outlook of the current and potential Newmont Goldcorp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Newmont Goldcorp's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding841 M
Cash And Short Term InvestmentsB

Newmont Goldcorp Technical Analysis

Newmont Goldcorp's future price can be derived by breaking down and analyzing its technical indicators over time. Newmont Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Newmont Goldcorp Corp. In general, you should focus on analyzing Newmont Stock price patterns and their correlations with different microeconomic environments and drivers.

Newmont Goldcorp Predictive Forecast Models

Newmont Goldcorp's time-series forecasting models is one of many Newmont Goldcorp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Newmont Goldcorp's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Newmont Goldcorp Corp

Checking the ongoing alerts about Newmont Goldcorp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Newmont Goldcorp Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Newmont Goldcorp generated a negative expected return over the last 90 days
The company reported the last year's revenue of 11.78 B. Reported Net Loss for the year was (2.52 B) with profit before taxes, overhead, and interest of 4.53 B.
About 72.0% of the company shares are owned by institutional investors
Latest headline from benzinga.com: Royal Golds Growth Remains Modest, Says Bullish Analyst This Could Change
When determining whether Newmont Goldcorp Corp is a strong investment it is important to analyze Newmont Goldcorp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Newmont Goldcorp's future performance. For an informed investment choice regarding Newmont Stock, refer to the following important reports:
Check out Newmont Goldcorp Backtesting, Newmont Goldcorp Valuation, Newmont Goldcorp Correlation, Newmont Goldcorp Hype Analysis, Newmont Goldcorp Volatility, Newmont Goldcorp History as well as Newmont Goldcorp Performance.
Note that the Newmont Goldcorp Corp information on this page should be used as a complementary analysis to other Newmont Goldcorp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Newmont Goldcorp's price analysis, check to measure Newmont Goldcorp'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 Goldcorp is operating at the current time. Most of Newmont Goldcorp's value examination focuses on studying past and present price action to predict the probability of Newmont Goldcorp'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 Goldcorp's price. Additionally, you may evaluate how the addition of Newmont Goldcorp to your portfolios can decrease your overall portfolio volatility.
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Is Newmont Goldcorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Newmont Goldcorp. If investors know Newmont will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Newmont Goldcorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.26)
Dividend Share
1.45
Earnings Share
(3.00)
Revenue Per Share
14.045
Quarterly Revenue Growth
0.237
The market value of Newmont Goldcorp Corp is measured differently than its book value, which is the value of Newmont that is recorded on the company's balance sheet. Investors also form their own opinion of Newmont Goldcorp's value that differs from its market value or its book value, called intrinsic value, which is Newmont Goldcorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Newmont Goldcorp's market value can be influenced by many factors that don't directly affect Newmont Goldcorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Newmont Goldcorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Newmont Goldcorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newmont Goldcorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.