Wednesday 23 Jul 2014

Newmont Mining Corp (NYSE:NEM) down by 4.62%, MetroPCS Communications Inc (NYSE:PCS)

Newmont Mining Corp (NYSE:NEM) closed at $32.40 after moving down by 4.62% from its previous close of $33.97 and opened today at $33.14. Traded in a range of $31.33 and $33.32 and posted a volume of 17.57 million. The stock at present is heading southwards and is trading down by 16.12% from its 50-day moving average and 9.92% down from its 20-day moving average, both giving a pessimistic view on the stock. The target price on the stock is $32.32 and the market capitalization of the company is $16.05 billion. The RSI of the stock is 32.73 and the stock is 1.73% up from its 52-week low of $31.33. The sales in the financial year 2012 fall to $9.87 billion as compared to the sales in the financial year 2011 of $10.36 billion reflecting that the company was unable to decrease the market for its product a negative sign of the company’s fundamentals. The EPS of the company improved, which is $3.64 in FY2012 as compared to and EPS of $0.74 in FY2011.

The company released its 1Q2013 results which were below expectations where adjusted earnings per share were down by 38.3% to 71 cents per share from last year’s earnings. Revenue was down by 18.9% YoY to $2,177 million.

MetroPCS Communications Inc (NYSE:PCS) closed at $11.84 after moving down by 0.92% from its previous close of $11.95 and opened today at $11.90. Traded in a range of $11.55 and $11.99 and posted a volume of 81.18 million. The stock at present is heading northwards and is trading up by 10.30% from its 50-day moving average and 4.19% up from its 20-day moving average, both giving a optimistic view on the stock. The target price on the stock is $11.84 and the market capitalization of the company is $4.38 billion. The RSI of the stock is 66.73 and the stock is 114.10% up from its 52-week low of $5.53. The sales in the financial year 2012 rose to $5.10 billion as compared to the sales in the financial year 2011 of $4.85 billion reflecting that the company was able to increase the market for its product a positive sign of the company’s fundamentals. The EPS of the company improved, which is $1.07 in FY2012 as compared to and EPS of $0.82 in FY2011.

T-Mobile USA, is set to close acquisition of the company.

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