Stocks having Bumpy Ride for the Day: Newmont Mining Corporation (NYSE:NEM), WPX Energy (NYSE:WPX)

Newmont Mining Corporation (NYSE:NEM) persists its position slightly strong in context of buying side, while shares price plummeted -3.40% during latest trading session. With reference to all theories, earning yield also gives right direction to lure investment, as NEM has 0.35% dividend yield.

Newmont Mining Corp said it is likely it will record a non-cash impairment charge of between $1 billion and $1.2 billion in the fourth quarter related to an increase in the estimated cost of closing down its Yanacocha gold mine in Peru. Newmont, the biggest U.S.-based gold miner, said that after reviewing Yanacocha’s closure plan it now expects to record an increase to the asset retirement obligation at the mine of between $400 million and $500 million in fourth quarter.

Narrow down focus to other ratios, the co has current ratio of 2.80 that indicates if NEM lies in 1.3% to 3% then it is acceptable for both active and passive investors, but sometimes its varies industry to industry. Generally, it indicates good short-term financial strength. Street is more conscious on this after SunEdison, Inc. case. To make strengthen these views, the active industry firm has Quick Ratio of 2.60, which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 0.46, sometimes its remain same with long term debt to equity ratio.

WPX Energy, Inc. (NYSE:WPX) also run on active notice, stock price surged 0.14% after traded at $14.57 in most recent trading session.

WPX the price to current year EPS stands at -62.00%. Whereas the traders who further want to see about this, may be interested to see Price to next year’s EPS that would be 18.50%. Moving toward ratio analysis, it has current ratio of 1.50 and quick ratio was calculated as 1.40. The debt to equity ratio appeared as 0.79 for seeing its liquidity position.

Taking notice on volatility measures, price volatility of stock was 2.28% for a week and 4.19% for a month. The price volatility’s Average True Range for 14 days was 0.63. On these bases, analysts would recommend this stock as an “Active Revolving Stocks.” The firm attains analyst recommendation of 2.00 out of 1-5 scale with week’s performance of -2.15%. WPX’s institutional ownership was registered as 99.10%, while insider ownership was 0.40%.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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