Newmont Mining Corporation (NYSE:NEM) Closed 6.4% Above Its 50 Day Average

Newmont begins production at Tanami expansion project in Australia
Newmont has fully owned and operated the Tanami mine since 2002
Author

02 September, 2017

Stock investors purchased 8,222 put options on the company.

Shares of Newmont Mining Corporation (NYSE:NEM) opened at $38.14, and ended 0.74% higher at $38.34. The 50 day moving average went up $2.29 or +6.36% and the 200 day average went up by +11.53%. The current price change puts the market capitalization at $20.44 bln. The stock stands almost -24.14% off versus the 52-week high and 106.31% away from the 52-week low.

Over the past five trading sessions shares of Newmont Mining Corporation (NYSE:NEM) are 4.13%; 3.99% for the month; 12.67% for the last quarter; 12.53% for the past six-months; and 0.26% for the last 12 months. 367.62 million shares or 0.42% more from 366.10 million shares in 2016Q3 were reported. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.77 billion. It has a return on equity (ROE) of -4.40%. During the same quarter in the previous year, the firm earned $0.44 EPS. The number of shares now owned by investors are 117.85 mln. Additionally the company recently announced a dividend for shareholders to be paid on Thursday the 28th of September 2017.

Patten Group Inc increased Newmont Mining Corp (NEM) stake by 53.04% reported in 2016Q4 SEC filing. The ex-dividend date of this dividend is Wednesday, September 13th. The stock's Dividend Yield stands at 0.78%.

Keybank National Association increased Newmont Mining Corp (NEM) stake by 19.79% reported in 2016Q4 SEC filing. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.30, which implies that analysts are generally neutral in their outlook for NEM over the next year. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Cantab Capital Partners Llp controls 8,735 shares valued at $283,000,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Analysts reported that the Price Target for Newmont Mining Corporation might touch $48.5 high while the Average Price Target and Low price Target is $40.08 and $27 respectively. The disclosure for this sale can be found here. Johnson Financial Gp holds 0.01% or 2,000 shares in its portfolio. APG Asset Management N.V. now owns 8,398,603 shares of the basic materials company's stock worth $276,818,000 after buying an additional 689,500 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Newmont Mining Corporation by 37.2% in the first quarter. The company moved in the past week with shift of 4.13%. Finally, Xact Kapitalforvaltning AB boosted its position in Newmont Mining Corporation by 5.6% in the first quarter. Its last month's stock price volatility remained 2.04% which for the week stands at 1.83%. The company had Year Ago Sales of 1.79 Billion. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Zacks Investment Research downgraded Newmont Mining Corporation from a buy rating to a hold rating in a research note on Friday, August 4th. Its last month's stock price volatility remained 4.68% which for the week approaches 3.94%.

Several other research analysts also recently issued reports on the company.

Internet Gold Golden Lines Ltd (IGLD) formed double bottom with $7.05 target or 9.00% below today's $7.75 share price. The average 1-year price target for (MVIS) reveals an average price target of $3.67 per share. The stock of Newmont Mining Corp (NYSE:NEM) has "Hold" rating given on Monday, June 12 by RBC Capital Markets. The 20-day RSI for NEM is 66.37%, which suggests that the stock is not particularly expensive or cheap, and not predisposed to a reactive price movement based on this measure.

Newmont Mining Corporation, launched on December 06, 2001, is a mining company, which is focused on the production of and exploration for gold and copper.


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