Newmont Mining Corporations in-depth stock price analysis indicates that the stock price has rallied 15.17% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -5.71% . Looking at the past 52 week period, the stock price is up at 46.04% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Newmont Mining Corporation has a positive value of 28.18 compared to overall market. Newmont Mining Corporation (NYSE:NEM) has climbed 2.42% in the past week and advanced 9.04% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.6% and the outperformance has advanced to 7.08% for the last 4 weeks period.
Newmont Mining Corporation (NYSE:NEM) : On Friday heightened volatility was witnessed in Newmont Mining Corporation (NYSE:NEM) which led to swings in the share price. The stock opened for trading at $36.96 and hit $37.72 on the upside , eventually ending the session at $37.65, with a gain of 1.21% or 0.45 points. The heightened volatility saw the trading volume jump to 5,166,439 shares. The 52-week high of the share price is $46.07 and the company has a market cap of $19,983 million. The 52-week low of the share price is at $22.7 .
Newmont Mining Corp Last issued its quarterly earnings results on Oct 26, 2016. The company reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.11. Analyst had a consensus of $0.49. The company had revenue of $2038.00 million for the quarter, compared to analysts expectations of $1896.62 million. The companys revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Newmont Mining Corp was Upgraded by Standpoint Research on Dec 29, 2016 to Buy, Price Target of the shares are set at $42.Newmont Mining Corp was Downgraded by Citigroup to Neutral on Dec 5, 2016. Newmont Mining Corp was Upgraded by BofA/Merrill to Buy on Nov 22, 2016.
Company has reported several Insider transactions to the SEC, on Feb 1, 2017, Scott P Lawson (EVP & Chief Technology Officer) sold 1,500 shares at 35.83 per share price.On Nov 3, 2016, William N Macgowan (EVP, Human Resources) sold 2,006 shares at 37.53 per share price.On Jul 29, 2016, E Randall Engel (EVP, Strategic Development) sold 8,700 shares at 42.55 per share price.
Newmont Mining Corp. is engaged in the production of gold, the exploration for gold and the acquisition and development of gold properties worldwide. The company produces gold from mines in Nevada and California, and, outside of the United States, from operations in Peru, Indonesia, Mexico and Uzbekistan.