February 24, 2018

Stock Jumping Abnormally High: Newmont Mining Corporation (NYSE:NEM)

15 February 2018, 08:07 | Hattie Nash

Scotiabank set a $48.00 price objective on shares of Newmont Mining and gave the company a "buy" rating in a research report on Monday, January 15th. Newmont Mining Corp now has $20.80B valuation. They may also be used to assist the trader figure out proper support and resistance levels for the stock. The company now has an average volume of 5.1 Million. Newmont Mining Corporation (NYSE:NEM) has declined 1.49% since February 15, 2017 and is downtrending. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Alliancebernstein L.P. now owns 2,386,160 shares of the basic materials company's stock valued at $89,529,000 after purchasing an additional 1,306,175 shares during the period. They generally move extremely slowly and they only produce big price swings when the company produces good or bad trading results, which may only happen a couple of times a year at best. Waverton Investment Management Ltd who had been investing in Honeywell International Inc Com Us$1.00 for a number of months, seems to be bullish on the $111.67B market cap company. The regular trading on 14-Feb-18 started at $1.39 but as the session moved on, the stock escalated, closing with a gain of 7.97%. Its up 16.25% from 1.25M shares, reported previously.

Investors sentiment increased to 1.4 in Q3 2017.

Among 40 analysts covering Time Warner Inc. 3 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Therefore 43% are positive. (NYSE:TWX) on Friday, July 28 with "Buy" rating. The rating was maintained by UBS with "Neutral" on Wednesday, September 30. First Eagle Investment Management LLC lifted its position in shares of Newmont Mining by 159.2% during the third quarter. (NYSE:MMC) might see muted action given an ABR of 2.3 or Hold rating. Volume increases every time a buyer and seller transact their stock or futures contract. The Talara Capital Management Llc holds 148,141 shares with $5.56 million value, down from 203,940 last quarter. The firm earned "Hold" rating on Tuesday, July 25 by RBC Capital Markets.

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Foundation Resource Management Inc decreased Newmont Mining (NEM) stake by 0.83% reported in 2017Q3 SEC filing. VersaBank (TSE:VB) has 0.00% since February 13, 2017 and is. Market worth or Market capitalization is calculated by multiplying the price of a stock by its total number of outstanding shares. Its up 0.47, from 0.93 in 2017Q2. It increased, as 35 investors sold NEM shares while 147 reduced holdings. 85 funds opened positions while 169 raised stakes. 586.69 million shares or 2.23% less from 600.08 million shares in 2017Q2 were reported. Moreover, Twin Securities Inc. has 0.25% invested in the company for 23,094 shares. Legacy Cap Prns reported 9,855 shares or 0.19% of all its holdings. 85,959 are held by Malaga Cove Limited Liability Com. BMO Capital Markets maintained it with "Buy" rating and $45.0 target in Sunday, October 1 report. Sigma Planning Corporation has 0.03% invested in Time Warner Inc. (NYSE:MMC) higher to the next line of resistance at $82.3 a share. 317,825 were reported by Adage Cap Prtnrs Group Ltd Liability. Comerica Commercial Bank holds 0.08% or 92,942 shares in its portfolio. (NYSE:TWX) for 97,373 shares. Smithfield Trust invested in 2,500 shares. (NYSE:TWX) for 560,000 shares. Gam Ag owns 897,608 shares for 1.42% of their portfolio. Eqis Mngmt stated it has 0.01% of its portfolio in Time Warner Inc. Louisiana State Employees Retirement Systems stated it has 33,300 shares or 0.06% of all its holdings.

Newmont Mining (NYSE NEM) traded down $0.03 during trading hours on Thursday, hitting $38.97. Therefore 54% are positive.

Newmont Mining Corporation (NYSE:NEM) touched its 1-Year High price of $42.04 on 01/24/18 and its 1-Year Low price of $31.42 on 07/03/17.

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Universal Display (NASDAQ: OLED ) will be issuing its quarterly earnings data after the market closes on Thursday, February 22nd. Usa Financial Portformulas Corp decreased Nvidia Corp (NASDAQ:NVDA) stake by 15,266 shares to 26,941 valued at $4.82M in 2017Q3.

Price earnings ratio (P/E) ratio of Newmont Mining Corporation (NEM) is 53.11. The company has a consensus rating of "Hold" and a consensus target price of $41.80. The stock of Newmont Mining Corporation (NYSE:NEM) has "Outperform" rating given on Thursday, August 13 by BMO Capital Markets. The rating was downgraded by RBC Capital Markets to "Sector Perform" on Thursday, January 7. FBR Capital has "Mkt Perform" rating and $22 target. The company was maintained on Tuesday, October 3 by Jefferies. Barclays Capital maintained it with "Equal-Weight" rating and $33 target in Monday, April 18 report.

Newmont Mining Corporation (NEM) stock was most active stock of Wall Street Market on Wednesday Newmont Mining Corporation moved 5.35% to 39. The company has market cap of $20.80 billion.

Oppenheimer Asset Management holds 0% or 141 shares.

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