Get 40% Off
👀 Reveal Warren Buffett's stock picks that are beating the S&P 500 by +174.3% Get 40% Off

Newmont Goldcorp Corp (NEM)

Lima
Currency in USD
Disclaimer
29.91
-1.26(-4.04%)
Closed

NEM Comments

Time to hedge... Thoughts?
look... in my experience this an ball underwater situation.... I don't think the big banks will want to pay out 28 million so... probably stock goes up before then. If you had the exchange data you would have seen the stock up in the pre- market only to sell off 1% on the market open on almost no volume. ( i bought more here at 29.50ish ) My interpretation is that a) an institution had an block sell order in the morning so they tried to manipulate the market higher in the pre-market hoping to entice traders to buy the stock to fill their large block order. There was not sufficient liquidy to fill the sell order so they canceled it to fill it later?? and the stock rallied higher on flat gold prices and an falling snp 500. OR B) Dealers are trying to manipulate the stock higher so they don't have to pay out the derivatives traders. You can see signs for this in this in the price action.... look at what happens in the pre market and post market close on low volume.
look... in my experience this an ball underwater situation.... I don't think the big banks will want to pay out 28 million so... probably stock goes up before then. If you had the exchange data you would have seen the stock up in the pre- market only to sell off 1% on the market open on almost no volume. ( i bought more here at 29.50ish ) My interpretation is that a) an institution had an block sell order in the morning so they tried to manipulate the market higher in the pre-market hoping to entice traders to buy the stock to fill their large block order.
or b) Banks simply want to push nem higher on light volume patches such as pre market and in the pits after the close. They can't really push the stock 3-4 dollars higher to avoid even an 28 million $$ payout all they can do is nudge it higher in times with low volume. From memory most of the shareholder base is institutional or passive holders something like over 92%.... so the price action is mostly from large block orders not retailers.... these guys can't sell their positions in 1 day. Now based off the short interest data you have some cta technical types shorting nem into x-date. Which I think is not smart, but you know I can't make this stuff up.
conscious is long here :O no one is buying puts... Umm not sure what to make of that
so... today i am short gld... physical gold and long nem. I change things around an lot though
fyi -- i like th3 company....don't know that I like where gold prices are headed
I think their were some large block sell orders from institutions that take an few days to clear... March 8th I think is the xdate for the dividend. My guess is this stock bottoms before then.
It comes up a few cents to balance the RSI and then gets back to following the trend.
Is it going to bancrupt?
HAHAHA
This is beyond ridiculous…
🤦🤷
the gates to $25 have opened now
$30 breached
crazy. btc really so much better than good ol gold? wow
Things have been going badly at Newmont, but managment is guiding positive saying things will INFLECT. If they choke in the next earnings release near the end of MAY sell everything.
I don't know why it got to 70 - 80 per share in the first place.... But 36 or 40 in 12 months I think is plausable
agreed
also we need to keep in mind that people get a higher interest rate return today. but once the interest rate normalizes, the charm for high dividend stocks will return
Does anyone know why the common equity in this stock has fallen from about 21 or 22B in 2021 to 19.5 Billion currently? Is this because of the Newcrest acquisition?
When is the bleeding going to stop?
well as of today... closed at 30.90 trading at 1.68x book value. BUT, profitable companies never trade at 1x book value. Soo... I don't know where the bottom is but my guess is your close to it.
One of the major reasons for drop is also that most investors can't differentiate between one time impairment costs and it's impact on the NI vs operational loss.
Even if the price drops to 1700, which I don't think will happen, to be honest. Their AISC is only $1440. so they would still be profitable. I think this is more about the market sentiment people gaining back the trust/confidence on company.
best sell
I never thought we would see $32 too. I hope it does not go below $30 (which you never know) but if it does, I would most likely buy a lot more.
I got in at $37, thinking this would stabilize and I would get paid on the dividend. I assumed the poor performance declining revenues and common equity was somehow related to the NEwcrest merger... I plan to give them 1 or 2 quarters to get this turned around.
I am stuck as sell. over exposed to say the least. my average is $39 and I am still in the mindset of averaging it around $25, which I think would hold. Because the only biggest support after that is $16. The company is doing okay, not great, not bad to be honest. But my problem is I don't see any reason for it to rocket again unless some great news comes in.. and 24's projection is not great either
Tough call here.... honestly. I plan to sell an little bit on strength. Market probably does not like the merger risk, stock might underperform for 1-2 years. But I hope it goes up
time to buy
NAK is the biggest sleeping giant. US largest proven reserves. Long term hold only.
Does anyone know why 79 million shares crossed at the close? Total shares today were 98 million, with average daily volume currently at 19 million.
45-50
Trading idea - Entry point has to be over 36.4/61.80%
Final dip before glory?
Get ready….
for?
Trading idea - Entry point has to be over 44/61.80%
8 more days for a big drop on missed earnings
Earning are due in July boy!!!
Back to the sqrt(1)
Closed all the gaps.
...
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.