Newmont Mining Corporation (NYSE:NEM), with a trailing 12-month price-to-sales ratio of 2.96, is now among the bigger bargains in its industry. The broad Gold industry has an average P/S ratio of 13.81, which is significantly worse than the sector’s 3.7. In the past 13-year record, this ratio went down as low as 1.13 and as high as 4.53. Also, it is down from 64% of the total 673 rivals across the globe.
NEM traded at an unexpectedly high level on 01/17/2018 when the stock experienced a -1.37% loss to a closing price of $39.45. The company saw 5.19 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 4.62 million shares a day, this signifies a pretty significant change over the norm.
Analysts are speculating a 26.74% move, based on the high target price ($50) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $42.88 price target, but the stock is already up 25.56% from its recent lows. However, the stock is trading at -1.9% versus recent highs ($40.25). Analysts believe that we could see stock price minimum in the $33 range (lowest target price), allowing for another -16.35% drop from its current position. Leading up to this report, we have seen a 9.89% rise in the stock price over the last 30 days and a 3.84% increase over the past 3 months. Overall, the share price is up 5.14% so far this year. Additionally, NEM had a day price range of $39.41 to $40.25.Newmont Mining Corporation (NEM) Price Potential
Heading into the stock price potential, Newmont Mining Corporation needs to grow just 9% to cross its median price target of $43. In order to determine directional movement, the 50-day and 200-day moving averages for Newmont Mining Corporation (NYSE:NEM) are $37.17 and $36.72. Given that liquidity is king in short-term, NEM is a stock with 533 million shares outstanding that normally trades 1.58% of its float. The stock price recently experienced a 5-day gain of 3.52% with 0.71 average true range (ATR). NEM has a beta of 0.18 and RSI is 68.62.
Investors also need to beware of the Himax Technologies, Inc. (NASDAQ:HIMX) valuations. The stock trades on a P/S of 2.4, which suggests that the shares are attractive compared with peers. The broad Semiconductor – Specialized industry has an average P/S ratio of 26.17, which is significantly worse than the sector’s 2.85. In the past 13-year record, this ratio went down as low as 0.24 and as high as 3.27. Also, it is up from 50% of the total 838 rivals across the globe.Himax Technologies, Inc. (HIMX)’s Lead Over its Technicals
Himax Technologies, Inc. by far traveled 102.66% versus a 1-year low price of $4.88. The share price was last seen 0.2% higher, reaching at $9.89 on 01/17/2018. At recent session, the prices were hovering between $9.77 and $10.01. This company shares are 18.91% off its target price of $11.76 and the current market capitalization stands at $1.69B. The recent change has given its price a -11.23% deficit over SMA 50 and -29.1% deficit over its 52-week high. The stock witnessed -4.17% declines, 8.21% gains and 21.2% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HIMX’s volatility during a week at 5.35% and during a month it has been found around 4.83%.
Himax Technologies, Inc. (HIMX) exchanged hands at an unexpectedly low level of 3.79 million shares over the course of the day. Noting its average daily volume at 5.74 million shares each day over the month, this signifies a pretty significant change over the norm.Himax Technologies, Inc. Target Levels
The market experts are predicting a 82% rally, based on the high target price ($18) for Himax Technologies, Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $4 range (lowest target price). If faced, it would be a -59.56% drop from its current position. Overall, the share price is down -5.09% year to date.