Newmont Mining Corporation (NYSE:NEM) has tumbled 0.39% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 5.69% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.8% and the outperformance has advanced to 4.73% for the last 4 weeks period.
Newmont Mining Corporation (NYSE:NEM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.11 and $35.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.65, notching a gain of 0.11% for the day. The total traded volume was 16,488,609 . The stock had closed at $35.61 on the previous day.
The company shares have rallied 48.85% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $37.39 and the one year low was seen on Aug 26, 2015. The 50-Day Moving Average price is $34.06 and the 200 Day Moving Average price is recorded at $26.15.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Vice President and Treasurer) of Newmont Mining Corp /De/, Mahoney Thomas P had sold 692 shares worth of $18,027 in a transaction dated May 1, 2015. In this transaction, 692 shares were sold at $26.05 per share.
Many analysts have stated their opinion on the company shares. Brokerage firm Jefferies downgrades its rating on Newmont Mining Corporation (NYSE:NEM). As per the latest information, the brokerage house lowers the price target to $33 per share from a prior target of $38. The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 2, 2016. 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.
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.