Shares of Newmont Mining Corporation (NEM) Sees Large Inflow of Net Money Flow

Newmont Mining Corporation (NEM) stock had a bullish inflow of $57.08 million worth of trades on uptick and an outflow of $53.44 million in downticks on Tuesday. The total uptick to downtick ratio stood at 1.07. The net money flow into the stock was $3.64 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $9.2 million. An inflow of $0.6 million block trade was recorded on downticks. $9.8 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 16.22 in favor of the bulls. However, Newmont Mining Corporation (NEM) stock traded down $1.1 , and reached $39.96, a drop of -2.68% over the previous day. On a weekly basis, the stock is -2.87%, over the previous weeks close.


The company Insiders own 0.22% of Newmont Mining Corporation shares according to the proxy statements. Institutional Investors own 77.62% of Newmont Mining Corporation shares. In an insider trading activity, The Securities and Exchange Commission has divulged that Mahoney Thomas P, officer (Vice President and Treasurer) of Newmont Mining Corp /De/, had unloaded 692 shares at an average price of $26.05 in a transaction dated on May 1, 2015. The total value of the transaction was worth $18,027.

Newmont Mining Corporation has dropped 1.04% in the last five trading days, however, the shares have posted positive gains of 11.65% in the last 4 weeks. Newmont Mining Corporation is up 30.55% in the last 3-month period. Year-to-Date the stock performance stands at 122.49%.

Newmont Mining Corporation (NYSE:NEM): On Tuesdays trading session , Opening price of the stock was $40.67 with an intraday high of $40.95. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $39.91. However, the stock managed to close at $39.96, a loss of 2.68% for the day. On the previous day, the stock had closed at $41.06. The total traded volume of the day was 9,419,789 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.

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