Large Outflow of Money Witnessed in Newmont Mining Corporation

Shares of Newmont Mining Corporation (NYSE:NEM) advanced to $35.88. The price had gained 0.25% or 0.09 points intraday. The latest trading session witnessed $33.75 million in upticks and $42.48 million in downticks, resulting in net money flow of (-8.73) million. The up/down ratio for the day stood at 0.79. On a weekly scale, the price has seen a change of 1.36%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-6.82) million occurred during the day. $0.36 million in uptick and $7.17 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.05.


Currently the company Insiders own 0.22% of Newmont Mining Corporation shares according to the proxy statements. Institutional Investors own 77.6% of Newmont Mining Corporation shares. On the companys insider trading activities,The officer (Vice President and Treasurer) of Newmont Mining Corp /De/, Mahoney Thomas P sold 692 shares at $26.05 on May 1, 2015. The Insider selling transaction had a total value worth of $18,027. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Newmont Mining Corporation (NYSE:NEM) : On Monday heightened volatility was witnessed in Newmont Mining Corporation (NYSE:NEM) which led to swings in the share price. The stock opened for trading at $36.83 and hit $37 on the upside , eventually ending the session at $35.89, with a gain of 0.28% or 0.1 points. The heightened volatility saw the trading volume jump to 7,233,043 shares. The 52-week high of the share price is $37 and the company has a market cap of $19,041 million. The 52-week low of the share price is at $15.39 .

Many analysts have stated their opinion on the company shares. Jefferies downgrades its rating on Newmont Mining Corporation (NYSE:NEM). The global brokerage major lowers the current price target from $38 per share to $33 per share. Analysts at the Jefferies have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 2, 2016.

Newmont Mining Corporation (Newmont) is a global mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Indonesia, Ghana, New Zealand and Suriname. The Companys business segments include North America, South America, Asia Pacific and Africa. The Companys North America segment consists primarily of Carlin, Phoenix, CC&V and Twin Creeks in the state of Nevada in the United States. The Companys South America segment consists primarily of Yanacocha in Peru. The Companys Asia Pacific segment consists primarily of Boddington, Tanami and Kalgoorlie in Australia, and Batu Hijau in Indonesia. The Companys Africa segment consists primarily of Ahafo and Akyem in Ghana. The Companys product at its gold operations is dore bars. Dore is an alloy consisting primarily of gold, as well as silver and other metals.

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