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Is this Large Market Cap Stock target price reasonable for Newmont Mining Corporation (NYSE:NEM)?

The company in question is, Newmont Mining Corporation (NYSE:NEM) currently with a stock price of 34.23 (-1.67% today). The market cap for Newmont Mining Corporation is 18470.17, and is in the sector Basic Materials, and Gold industry. The target price for Newmont Mining Corporation is 46.75. Currently Newmont Mining Corporation is trading with a P/E of 218.03, and a forward P/E of 17.08. Average volume for Newmont Mining Corporation is 6858.66 and so far today it is 4869500.

Performance in the last year for Newmont Mining Corporation has been 77.99%. For EPS growth, Newmont Mining Corporation has seen a growth of -65.90%, and is looking to grow in the next year to 14.32%. More long term stats show that EPS growth has been -39.50% over the last five years and could be 21.88% for the next five years. Newmont Mining Corporation has seen sales growth quarter over quarter at 6.80%, with EPS growth quarter over quarter at -24.70%. The 20-day simple moving average is -14.69%, with the 200-day simple moving average coming to 4.91%.

Since the IPO date for Newmont Mining Corporation on the 4/6/1983, Newmont Mining Corporation has seen performance year to date to be 90.70%. With Newmont Mining Corporation trading at 34.23, the dividend yield is 0.29%, and the EPS is 0.16.

So could Newmont Mining Corporation, be undervalued? Well as said before P/E is 218.03. The PEG is 9.96, P/S is 2.33 and the P/B is at 1.59. The P/cash is 6.27, with P/free cash flow at 19.67.

Newmont Mining Corporation ability to deal with debt shows that the current ratio is 3.9, and the quick ratio is 3.4. This is with long term debt/equity at 0.47, and total debt/equity at 0.49.

In terms of margins, Newmont Mining Corporation has a gross margin of 44.30%, an operating margin of 14.70% and a profit margin of 0.50%.Payout ratio for Newmont Mining Corporation is 129.80%. Return on assets come to 0.20% with return on investment coming to 2.30%.

Insider ownership for Newmont Mining Corporation, is at 0.20% and institutional ownership comes to 82.50%. Outstanding shares are at 539.59. While shares float is 528.62. The float short is currently 1.54%, and short ratio is 1.19.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Mark Hines

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