Newmont Mining Corporation (NEM) Shares are Down -2.65%

Newmont Mining Corporation (NEM) : During the past 4 weeks, traders have been relatively bearish on Newmont Mining Corporation (NEM), hence the stock is down -11.59% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.16% relative to the S&P 500. The 4-week change in the price of the stock is -13.38% and the stock has fallen -2.65% in the past 1 week.

The stock has recorded a 20-day Moving Average of 6.05% and the 50-Day Moving Average is 8.83%.The 200 Day SMA reached 24.37% Newmont Mining Corporation is up 7.39% in the last 3-month period. Year-to-Date the stock performance stands at 113.16%.


Newmont Mining Corporation (NEM) stock is expected to deviate a maximum of $6.65 from the average target price of $42.23 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $49 and the most muted being $26.

Company shares have received an average consensus rating of Hold for the current week Newmont Mining Corporation (NYSE:NEM): stock was range-bound between the intraday low of $37.86 and the intraday high of $38.94 after having opened at $38.83 on Fridays session. The stock finally closed in the red at $38.83, a loss of -2.40%. The stock remained in the red for the whole trading day. The total traded volume was 12,826,627 shares. The stock failed to cross $38.94 in Fridays trading. The stocks closing price on Thursday was $39.2.

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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