Newmont Mining (NEM) Moving On Heavy Pre-Market Trading

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Trade-Ideas LLC identified Newmont Mining ( NEM) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Newmont Mining as such a stock due to the following factors:

  • NEM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $184.6 million.
  • NEM traded 827,239 shares today in the pre-market hours as of 8:41 AM, representing 11.3% of its average daily volume.

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More details on NEM:

Newmont Mining Corporation operates in the mining industry. It primarily acquires, develops, explores for, and produces gold, copper, and silver deposits. The company's operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and New Zealand. The stock currently has a dividend yield of 0.4%. NEM has a PE ratio of 21.4. Currently there is 1 analyst that rates Newmont Mining a buy, no analysts rate it a sell, and 13 rate it a hold.

The average volume for Newmont Mining has been 7.2 million shares per day over the past 30 days. Newmont has a market cap of $13.0 billion and is part of the basic materials sector and metals & mining industry. The stock has a beta of 0.02 and a short float of 1.9% with 1.31 days to cover. Shares are up 37.8% year-to-date as of the close of trading on Tuesday.

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