Economy

Newmont Mining Corporation (NYSE:NEM) Can't Be More Risky. Short Interest Increased

NGAM Advisors L.P. now owns 69,957 shares of the basic materials company's stock valued at $2,266,000 after acquiring an additional 2,145 shares in the last quarter. Ptc Inc now has $7.02B valuation.

The stock decreased 7.98% or $7.33 during the last trading session, reaching $84.57. Newmont Mining Corporation (NYSE:NEM) has declined 1.49% since December 18, 2016 and is downtrending.

The stock of Newmont Mining Corporation (NYSE:NEM) registered an increase of 14.7% in short interest. Ig holds 42,300 shares.

Newmont Mining Corporation is a mining company, which is focused on the production of and exploration for gold and copper. About 180,153 shares traded or 102.64% up from the average. It has underperformed by 18.19% the S&P500.

A statistical measure of the dispersion of returns (volatility) for NEM producing salvation in Investors mouth, it has week volatility of 2.48% and for the month booked as 1.82%. Its up 0.75, from 1.32 in 2017Q1.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEM. 30 funds opened positions while 89 raised stakes. Fjarde Ap owns 73,729 shares for 0.05% of their portfolio. Kennedy Cap Mngmt Inc stated it has 0.15% in PTC Inc. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Virginia Retirement Et Al has 0.01% invested in PTC Inc. Qs Invsts Limited Liability Corporation holds 0% or 600 shares. Cibc Mkts stated it has 13,575 shares. 296,374 were reported by Vanguard. After $0.29 actual EPS reported by Sabre Corporation for the previous quarter, Wall Street now forecasts -24.14% negative EPS growth. The institutional investor owned 363,349 shares of the basic materials company's stock after purchasing an additional 14,861 shares during the quarter. Teton Incorporated holds 9,246 shares. Another trade for 5,000 shares valued at $189,250 was made by Lawson Scott P on Monday, September 25. It is positive, as 30 investors sold Euronet Worldwide, Inc. shares while 89 reduced holdings. Therefore 54% are positive. Newmont Mining's revenue for the quarter was up 4.9% compared to the same quarter last year. research analysts anticipate that Newmont Mining Corp will post 1.44 earnings per share for the current year. The company was maintained on Monday, March 7 by RBC Capital Markets. The rating was initiated by Brean Capital with "Buy" on Friday, October 7. The rating was upgraded by Goldman Sachs on Wednesday, May 11 to "Buy". As per Wednesday, July 19, the company rating was maintained by Evercore. The rating was upgraded by Standpoint Research to "Buy" on Thursday, December 29. HSBC downgraded the shares of NEM in report on Monday, October 26 to "Hold" rating.

For the full year, analysts expect earnings to decline -10.56% yoy to $1.44. (NYSE:TISI) to report earnings on March, 6. They expect $0.17 earnings per share, up 70.00% or $0.07 from last year's $0.1 per share. NEM's profit will be $191.98M for 25.61 P/E if the $0.36 EPS becomes a reality. Moreover, Foundation Resource Management Inc has 5.81% invested in the company for 1.00 million shares. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -0.98%, whereas SMA50 and SMA200 are -2.17% and 1.68% respectively. Its up 0.47, from 0.93 in 2017Q1.

Newmont Mining Corporation (NEM) shares fell and closed the day at $35.87, with the percent change of -0.08%. 62 funds opened positions while 153 raised stakes.

Air Products and Chemicals, Inc. most recently reported earnings per share (EPS) of $1.76 for the September 2017 versus $2.01 in the same quarter past year, representing -12% growth. Impala Asset Management Ltd Com accumulated 681,225 shares or 1.12% of the stock. Van Eck Associates Corp, a New York-based fund reported 28.97 million shares.

Newmont Mining (NEM) traded down $0.03 during trading hours on Tuesday, reaching $35.87.

Newmont Mining Corporation (NYSE:NEM) in the last month has decreased -0.61%. Amalgamated Comml Bank holds 0.06% or 60,137 shares in its portfolio. 907,618 were reported by Los Angeles Cap & Equity. FBR & Co set a $40.00 price target on shares of Newmont Mining and gave the company a "hold" rating in a research report on Tuesday, October 31st. First Tru Advsrs Lp holds 0.02% in Newmont Mining Corporation (NYSE:NEM) or 255,382 shares. Nationwide Fund Advisors owned 0.07% of Newmont Mining worth $13,629,000 as of its most recent SEC filing. Dynamic Cap Limited holds 0.21% or 29,231 shares in its portfolio. State Of Alaska Department Of Revenue holds 23,254 shares or 0.05% of its portfolio. National Bank & Trust Of Nova Scotia invested in 15,500 shares. Goldberg Gary J also sold $37,110 worth of Newmont Mining Corporation (NYSE:NEM) shares. Newmont Mining Corporation (NYSE:NEM) has declined 1.49% since December 16, 2016 and is downtrending.

Since August 1, 2017, it had 0 insider buys, and 10 selling transactions for $1.23 million activity. Also, EVP E Randall Engel sold 5,700 shares of the stock in a transaction that occurred on Wednesday, November 1st. Following the completion of the transaction, the chief operating officer now directly owns 91,862 shares in the company, valued at $2,921,211.60. The stock was sold at an average price of $33.70, for a total value of $50,550.00.

In related news, COO Thomas Ronald Palmer sold 1,250 shares of the company's stock in a transaction that occurred on Monday, October 2nd. Out of 5 Wall Street analysts rating Newmont Mining, 3 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". Dorward-King Elaine J sold 10,250 shares worth $392,268.



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