Among the S&P 500’s biggest fallers on Thursday March 14 was Newmont Mining Corporation (NEM). The stock experienced a 2.88% decline to $33.42 with 11.43 million shares changing hands.
Newmont Mining Corporation started at an opening price of 33.78 and hit a high of $34.04 and a low of $33.39. Ultimately, the stock took a hit and finished the day at $0.99 per share. Newmont Mining Corporation trades an average of 8.36 million shares a day out of a total 534.63 million shares outstanding. The current moving averages are a 50-day SMA of $33.64 and a 200-day SMA of $33.69. Newmont Mining Corporation hit a high of $41.98 and a low of $29.06 over the last year.
Newmont Mining is one of the world’s largest gold producers. In 2018, the company produced 5.1 million attributable ounces of gold and 109 million attributable pounds of copper. North America accounted for 40% of attributable gold production, South America 13%, Australia 30%, and Africa 17%. As of Dec. 31, 2018, Newmont had 65.4 million attributable ounces of proven and probable gold reserves.
With its headquarters located in Greenwood Village, CO, Newmont Mining Corporation employs 12,400 people. After today’s trading, the company’s market cap has fallen to $17.87 billionAs for its value, =Newmont Mining Corporation?> has a P/E ratio of
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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.
The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.
To get more information on Newmont Mining Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: NEM’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.
All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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