In forming this rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the underlying components of the Metals Channel Global Mining Titans Index were ranked according to those averages. Investors often interpret analyst opinions from different angles — when companies have a low rank among analysts, it isn't necessarily the case that investors should conclude that the stock will perform poorly. It can, of course, but a bullish investor could also take the contrarian angle and read into the data that there is lots of room for upside because the stock is so out of favor.
NEM operates in the Precious Metals sector, among companies like Barrick Mining Corp (B) which is down about 2.9% today, and Wheaton Precious Metals Corp (WPM) trading lower by about 1.7%. Below is a three month price history chart comparing the stock performance of NEM, versus B and WPM.
NEM is currently trading off about 2.1% midday Thursday.
Analyst Favorites of the Metals Channel Global Mining Titans Index »
Also see:
High-Yield REITs Funds Holding FNDX
Stock market game
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
