Newmont Mining Corp (NYSE:NEM) shares trading high

Posted on Jun 27 2013 - 6:12am by Ruchi Gupta

Boston, MA 27/06/2013 (wallstreetpr) – The shares of Newmont Mining Corp (NYSE:NEM) had been plummeting by around 5.91 percent and had thereby had reached $27.22 per share when the market closed for trading on Wednesday. The shares of the company had recorded minimal fluctuations in intraday price movements within the range of $27.07 to $28.08 per share during the day, after it had opened at $27.95 per share. The recent trading in shares of Newmont Mining Corp (NYSE:NEM) had led the company to record new 52 week low price level at $27.07 per share, while the 52 week high price level of the company stays at $57.93 per share.

Newmont Mining Corp (NYSE:NEM) is primarily engaged in the mining, exploration, acquisition, extraction and production of gold from its mining properties located in the regions of Peru, Ghana, United States, Indonesia, Mexico, Australia and New Zealand. The company presently holds gold reserves – both attributable and probable amounting to 99.2 million ounces and further holds land position of aggregate value to the extent of around 75000 square kilometers.

The four major segments through which Newmont Mining Corp (NYSE:NEM) operates its businesses are classified into geographical regions of Asia Pacific segment, Africa segment, North America segment and South America segment. In addition, Newmont Mining Corp (NYSE:NEM) is also interested in copper mining at its basic properties located in the Indonesia and Australia regions.

Newmont Mining Corp (NYSE:NEM) had been witnessing the exchange of 14.95 million shares for the last trading session on Wednesday, while the average level of trading volume for the company is at 8.09 million shares per day. Around 81 percent of the total capital of Newmont Mining Corp (NYSE:NEM) is held under institutional ownership and the company presently has a total of 497.21 million shares outstanding in the market.

About the Author

Ruchi Gupta has done her PGDBM with specialization in Financial Services and has over 4 years of experience in financial research & analysis domain. She has built financial models varying from consumer goods to banks. She has her articles published in leading dailies of the nation

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