Shares of Newmont Mining Corporation (NEM) Sees Large Inflow of Net Money Flow

Newmont Mining Corporation (NEM) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $13.23 million worth of transactions were on upticks, whereas, the downticks accounted for $11.17 million worth of transactions. The net money flow was a positive $2.06 million and the uptick to downtick ratio was 1.18. The net money flow into the stock was $1.97 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1.97 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Newmont Mining Corporation (NEM) was trading at $38.32, down $0.16 during day. The stock slid -0.42% over the previous days close. For the week, the stock recorded -3.13% over the previous weeks close.


Newmont Mining Corporation has lost 4.44% in the last five trading days and dropped 4.1% in the last 4 weeks. Newmont Mining Corporation is up 4.1% in the last 3-month period. Year-to-Date the stock performance stands at 118.45%.

Newmont Mining Corporation (NEM) : 9 analysts are covering Newmont Mining Corporation (NEM) and their average rating on the stock is 2.67, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Newmont Mining Corporation (NEM) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Newmont Mining Corporation (NYSE:NEM): The stock opened at $38.39 and touched an intraday high of $39.365 on Wednesday. During the day, the stock corrected to an intraday low of $37.81, however, the bulls stepped in and pushed the price higher to close in the green at $39.21 with a gain of 1.90% for the day. The total traded volume for the day was 4,896,328. The stock had closed at $38.48 in the previous trading session.

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.