Buying CVS Health Corporation (CVS) And Newmont Mining Corporation (NEM) Is The Better Thing To Do

The last few days have been rough for CVS Health Corporation (NYSE:CVS), as its price has decreased by -4.61% during the week. It has also performed better over the past three months, as it added around 0.66% while it has so far climbed around 7.83% during the course of a year. The price of the stock went down by -$2.34 now trading at $76.57. Their shares witnessed a 27.32% increase from the 52-week low price of $60.14 they recorded on 2018-03-27. Even though it is still -9.55% behind the $83.88 high touched on 2018-01-29. The stock of CVS recorded 5.61% uptrend from the beginning of this year till date. The 12-month potential price target for CVS Health Corporation is set at $93.1. This target means that the stock has an upside potential to increase by 21.59% from the current trading price.

When giving their opinion, around 73.08% of Wall Street analysts, which represents 19 out of 26 rated the stock as a Buy. 7 brokerage firms of the remaining 26.92% rated the stock as a Hold with 0 analyst rating it as a sell. Overall, the number of aggregate CVS shares held by institutional investors represents 88.2% of total shares. 142 institutions entered new CVS Health Corporation (NYSE:CVS) positions, 897 added to their existing positions in these shares, 878 lowered their positions, and 98 exited their positions entirely.

CVS Health Corporation (CVS) trade volume has increased by 81.78% as around 15,614,552 shares were sold when compared with its 50-day average volume of traded shares which is 8,589,592. At the moment, CVS is witnessing a downtrend, as it is trading -2.91% below its 20-day SMA, -0.19% below its 50-day SMA, and 9.2% below its 200-day SMA. The company runs an ROE of roughly 8.3%, with financial analysts predicting that their earnings per share growth will be around 11.8% per annum for the next five year. This will be compared to the 10.6% increase witnessed over the past five years.

The first technical resistance point for CVS Health Corporation (NYSE:CVS) will likely come at $78.46, marking a 2.41% premium to the current level. The second resistance point is at $80.34, about 4.69% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $72, the lower end of the range. CVS’s 14-day MACD is 0.02 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 45.91, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 25.33 percent, which is low when compared to that of the 50-day’s 31.22 percent.

The shares of Newmont Mining Corporation (NYSE:NEM) has decreased by -3.34%, and now trading at $32.66 on the Wall Street in the intra-day deal, with their shares traded now around 9,159,683. This is a rise of 3,093,299 shares over the average 6,066,384 shares that were traded daily over the last three months. The stock that is trading at $32.66 went higher by 12.39% from its 52-week low of $29.06 that it attained back on 2018-10-25. The stock recorded a 52-week high of $42.04 nearly 317 days ago on 2018-01-24.

NEM stock has performed well over the past 30 days, as it added 0.83% while its price plunged by -12.95% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -0.09% over the last week. The stock’s 12-month potential target price is now at $40.83. This means that the stock price might likely increase by 25.02% from its current trading price.12 out of 20 Wall Street analysts which represents 60% rated the stock as a buy while the remaining 35 rated it as a hold, with 5 of analysts rating it as a sell.

Newmont Mining Corporation (NYSE:NEM) has been utilizing an ROE that is roughly -1.8%, with stock analysts predicting that the company’s EPS for the next five years will go up by 4.04% per year, following the -20.4% drop that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 0.29% above its 20-day SMA, 2.81% above its 50-day SMA, and -8.62% below its 200-day SMA. In percentage terms, the aggregate Newmont Mining Corporation shares held by institutional investors is 87.4%. 59 institutions jumped in to acquire Newmont Mining Corporation (NEM) fresh stake, 257 added to their current holdings in these shares, 336 lowered their positions, and 90 left no stake in the company.

The stock’s 9-day MACD is 0.56 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 50.37, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 30.89 percent, which is less when compared to that of the 50-day’s 34.88 percent. On the daily chart, we see that the stock could reach the first level of resistance at $33.51, sporting a 2.54% premium to the current level. The next resistance point is at $34.35, representing nearly 4.92% premium to the current market price of Newmont Mining Corporation (NEM). On the other hand, failure to breach the immediate hurdles can drag it down to $31.57, the lower end of the range.