The Latest About Newmont Mining Corp (NYSE:NEM) Stock

By on December 11, 2013

Dallas, Texas 12/11/2013 (FINANCIALSTRENDS) – There are many different investment trading houses and research analysts that have identified Newmont Mining Corp (NYSE:NEM) as a pre-market leader stock and there some more positive points that are being floated about this stock in the market. The average dollar volume of Newmont Mining Corporation is about $260.3 million and there were about 100,572 shares of NEM that were traded today. Moreover the NEM closed in green and up by almost 2.3% from its Friday’s close.

The Newmont Mining Corp (NYSE:NEM) with its subsidiaries explores, acquires, engages, and produces different copper and gold facilities. The company has its operations in United States of America, Peru, Indonesia, Ghana, Mexico and Australia also. The current dividend yield of this stock is around 3.5% and there are over 4 analysts that have maintained a buy rating on this stock , 2 are having sell rating and 9 analysts wants customers to hold this stock for some time.

Latest Analysis on investment in this stock

Many experienced and professional traders are suggesting that one must hold this stock for ling term. The current return on the investment might not yield any results but for the long term people this trade can help you in tripling your hard earned money. Hence if you are an short term investor then you must exit from this stock immediately and if you want to have long term bet on this stock then you won’t regret your decision.

As per the current and latest earnings report the net operating cash has decreased to $440.00 million which is almost 23.34% as compared to last year same quarter results. Newmont Mining Corp (NYSE:NEM) is also witnessing a downward trend because of the low consumption story in China and emerging markets but the situation seems to be improving in the future and you can expect a decent amount of return on your investment.

About Aaron Lyons

We have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. No compensation.