Newmont Mining Corporation (NEM) Shares are Up 0.98%

Newmont Mining Corporation (NEM) : Traders are bullish on Newmont Mining Corporation (NEM) as it has outperformed the S&P 500 by a wide margin of 5.38% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.55%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.98% in the last 1 week, and is up 8% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Newmont Mining Corporation (NYSE:NEM): The stock opened at $43.79 on Friday but the bulls could not build on the opening and the stock topped out at $44.49 for the day. The stock traded down to $43.59 during the day, due to lack of any buying support eventually closed down at $44.43 with a loss of -1.07% for the day. The stock had closed at $44.91 on the previous day. The total traded volume was 7,108,746 shares.

The stock has recorded a 20-day Moving Average of 5.75% and the 50-Day Moving Average is 15.77%. Newmont Mining Corporation is up 30.27% in the last 3-month period. Year-to-Date the stock performance stands at 147.38%.

Newmont Mining Corporation (NEM) : The highest short term price target forecast on Newmont Mining Corporation (NEM) is $49 and the lowest target price is $26. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $41.36 with a standard deviation of $6.82.


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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.