Large Outflow of Money Witnessed in Newmont Mining Corporation

Newmont Mining Corporation (NEM): The stock had negative money flow to the tune of ($7.86 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $46.86 million, whereas, the outflow of money on downticks was $54.72 million and the ratio between the two was 0.86. The block trade had a negative net money flow of ($6.03 million). The total block trade value undertaken on upticks was $1.17 million. On the other hand, downticks amounted to $7.21 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.16. Newmont Mining Corporation (NEM) closed with marginal gains of 109 cents to end the day at $40.52, an increase of 2.76% over the previous days close. The stock recorded 1.48% for the week.


The company Insiders own 0.22% of Newmont Mining Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.08% . Institutional Investors own 80.45% of Newmont Mining Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -6.08%.

In a related news, The Securities and Exchange Commission has divulged that Macgowan William N, officer (EVP, Human Resources) of Newmont Mining Corp /De/, had unloaded 8,135 shares at an average price of $44.95 in a transaction dated on August 4, 2016. The total value of the transaction was worth $365,668.

Newmont Mining Corporation (NYSE:NEM): The stock opened at $40.29 and touched an intraday high of $40.99 on Friday. During the day, the stock corrected to an intraday low of $39.87, however, the bulls stepped in and pushed the price higher to close in the green at $40.52 with a gain of 2.76% for the day. The total traded volume for the day was 8,112,386. The stock had closed at $39.43 in the previous trading session.

Newmont Mining Corporation (NEM) has been under a strong bear grip, hence the stock is down -8.68% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.97% in the past 1 week. The stock has risen by 1.48% in the past week indicating that the buyers are active at lower levels, but the stock is down -8.8% in the past 4 weeks.

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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