On a relative basis, the stock has outperformed the S&P 500 by 11.08% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.46% in the last 1 week, and is up 15.93% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 7.47% and the 50-Day Moving Average is 15.69%.
Newmont Mining Corporation (NYSE:NEM): The stock opened at $41.24 on Friday but the bulls could not build on the opening and the stock topped out at $41.57 for the day. The stock traded down to $41.04 during the day, due to lack of any buying support eventually closed down at $41.33 with a loss of -0.70% for the day. The stock had closed at $41.62 on the previous day. The total traded volume was 5,246,798 shares.
The company Insiders own 0.22% of Newmont Mining Corporation shares according to the proxy statements. Institutional Investors own 77.55% of Newmont Mining Corporation shares. In a related news, The officer (Vice President and Treasurer), of Newmont Mining Corp /De/, Mahoney Thomas P had unloaded 692 shares at $26.05 per share in a transaction on May 1, 2015. The total value of transaction was $18,027. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.