Newmont Mining Corp /de/ (NEM) Files Form 4 Insider Selling : E Randall Engel Sells 675 Shares

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Newmont Mining Corp /de/ (NEM): E Randall Engel , EVP, Strategic Development of Newmont Mining Corp /de/ sold 675 shares on Feb 23, 2017. The Insider selling transaction was reported by the company on Feb 24, 2017 to the Securities and Exchange Commission. The shares were sold at $36.54 per share for a total value of $24,664.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 1, 2017, Scott P Lawson (EVP & Chief Technology Officer) sold 1,500 shares at $35.83 per share price.On Nov 3, 2016, William N Macgowan (EVP, Human Resources) sold 2,006 shares at $37.53 per share price.Also, On Jul 29, 2016, E Randall Engel (EVP, Strategic Development) sold 8,700 shares at $42.55 per share price.On Jul 29, 2016, Stephen P Gottesfeld (EVP and General Counsel) sold 10,000 shares at $41.60 per share price.

Shares of Newmont Mining Corp (NEM) ended Wednesday, Feb 22, 2017 session in red amid volatile trading. The shares closed down -1.44 points or -3.85% at $36 with 1,00,81,934 shares getting traded. Post opening the session at $36.5, the shares hit an intraday low of $35.15 and an intraday high of $37.09 and the price vacillated in this range throughout the day. The company has a market cap of $19,107 M and the number of outstanding shares has been calculated to be 53,07,50,069 shares. The 52-week high of Newmont Mining Corp is $46.07 and the 52-week low is $24.08.

Newmont Mining Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Newmont Mining Corp is Upgraded by Standpoint Research to Buy and the brokerage firm has set the Price Target at $42. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Dec 29, 2016.Newmont Mining Corp is Downgraded by Citigroup to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Dec 5, 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 Company’s business segments include North America South America Asia Pacific and Africa. The Company’s North America segment consists primarily of Carlin Phoenix CC&V and Twin Creeks in the state of Nevada in the United States. The Company’s South America segment consists primarily of Yanacocha in Peru. The Company’s Asia Pacific segment consists primarily of Boddington Tanami and Kalgoorlie in Australia and Batu Hijau in Indonesia. The Company’s Africa segment consists primarily of Ahafo and Akyem in Ghana. The Company’s 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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David Thorn

For any feedback and suggestions contact author at David.Thorn@themarketdigest.org

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