Newmont Mining Corporation (NEM) Shares are Down -9.6%

Newmont Mining Corporation (NEM) : During the past 4 weeks, traders have been relatively bearish on Newmont Mining Corporation (NEM), hence the stock is down -9.06% 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 -9% relative to the S&P 500. The 4-week change in the price of the stock is -9.25% and the stock has fallen -9.6% in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 9.51% and the fifty day Moving Average is 3.24%. Newmont Mining Corporation is up 25.03% in the last three month period. Year-to-Date the stock performance stands at 122.32%.

Newmont Mining Corporation (NEM) : 10 investment research analysts covering Newmont Mining Corporation (NEM) have an average price target of $42.23 for the near short term. The highest target price given by the Brokerage Firm to the stock is $49 and the lowest target is $26 for the short term. Analysts expect the variance to be within $6.65 of the average price.


Newmont Mining Corporation (NYSE:NEM): On Fridays trading session , Opening price of the stock was $40.78 with an intraday high of $41.45. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $39.48. However, the stock managed to close at $39.93, a loss of 0.57% for the day. On the previous day, the stock had closed at $40.16. The total traded volume of the day was 7,098,838 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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