Newmont Mining (NEM) Shares Cross Below Book Value

In trading on Friday, shares of Newmont Mining Corp. (NEM) crossed below their last reported book value — defined as common shareholder equity per share — of $23.39, changing hands as low as $22.29 per share. Newmont Mining Corp. shares are currently trading down about 7.4% on the day. The chart below shows the one year performance of NEM shares, versus its 50 and 200 day moving averages:

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Newmont Mining Corp.  Moving Averages Chart

Looking at the chart above, NEM's low point in its 52 week range is $22.29 per share, with $45.82 as the 52 week high point — that compares with a last trade of $22.35.

According to the ETF Finder at ETF Channel, NEM makes up 9.69% of the iShares MSCI Global Gold Miners ETF ( RING) which is trading lower by about 0.5% on the day Friday.

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