Why In The World Would I Care About Unum Group (UNM), Newmont Mining Corporation (NEM)

Unum Group (NYSE:UNM) rose 0.28% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -28.1% and is now up by 23.15% since start of this year. A look at its monthly performance shows that the stock has recorded a 0.42% gain over the past 30 days. Its equity price climbed by 19.37% over the past three months which led to its overall six-month increase to stand at 0.86%.

The shares of Unum Group (UNM) dropped by -29.29% or -$14.99 from its last recorded high of $51.17 which it attained on March 21 to close at $36.18 per share. Over the past 52 weeks, the shares of Unum Group has been trading as low as $26.76 before witnessing a massive surge by 35.2% or $9.42. This price movement has led to the UNM stock receiving more attention and has become one to watch out for. It jumped by 0.08% on Thursday and this got the market excited. The stock’s beta now stands at 1.47 and when compared to its 200-day moving average and its 50-day moving average, UNM price stands 0.18% above and 4.15% above respectively. Its average daily volatility for this week is 1.21% which is less than the 1.7% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Unum Group with most of them predicting a $37.64 price target on a short-term (12 months) basis. The average price target by the analysts will see a 4.04% rise in the stock and would lead to UNM’s market cap to surge to $8.09B. The stock has been rated an average 2.9, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 14 analysts that track Unum Group (NYSE:UNM) and find out that 8 of them rated it as a Hold. 3 of the 6 analysts rated it as a Buy or a Strong Buy while 3 advised investors to desist from buying the stock or sell it if they already possess it.

A look at UNM technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 52.81 point. Its trading volume has lost -451114 shares compared to readings over the past three months as it recently exchanged 1538886 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1990000 shares, and this is 0.77 times the normal volume.

The price of Newmont Mining Corporation (NYSE:NEM) currently stands at $33.42 after it went down by $-0.99 or -2.88% and has found a strong support at $33.19 a share. If the NEM price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $32.97 mark would also be bad for the stock as it means that the stock would plunge by 1.35% from its current position. However, if the stock price is able to trade above the resistance point around $33.84, then it could likely surge higher to try and break the upward resistance which stands at $34.27 a share. Its average daily volatility over the past one month stands at 2.96%. The stock has plunged by 0.09% from its 52-weeks high of $33.39 which it reached on Apr. 13, 2018. In general, it is 13.05% above its 52-weeks lowest point which stands at $29.06 and this setback was observed on Oct. 25, 2018.

Analysts have predicted a price target for Newmont Mining Corporation (NEM) for 1 year and it stands at an average $40.43/share. This means that it would likely increase by 20.98% from its current position. The current price of the stock has been moving between $33.39 and $34.04. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $32. On the other hand, one analyst is super bullish about the price, setting a target as high as $48.5.

The NEM stock Stochastic Oscillator (%D) is at 63.4%, which means that it is currently neutral. The shares P/S ratio stands at 2.46 which compares to the 3.77 recorded by the industry or the 12.8 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 26.95, which is lower than the 54.61 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 16.2% over the past five years.

Analysts view Newmont Mining Corporation (NYSE:NEM) as a Hold, with 2.4 consensus rating. Reuters surveyed 16 analysts that follow NEM and found that 4 of those analysts rated the stock as a Hold. The remaining 12 were divided, with 10 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Newmont Mining Corporation (NEM) shares or sell it if they already own it.