Newmont Mining Corp (NYSE:NEM) down by 2.21%, Allegheny Technologies Incorporated (NYSE:ATI)

Posted by Lynn Eisler May 10, 2013 0 Comment 1421 views


Newmont Mining Corp (NYSE:NEM): In the trading session on Thursday, Newmont Mining Corp (NYSE:NEM) down by 2.21%. The opening price was $33.43 which touched an intraday high of $34.25 before settling down to $33.16 per share, for the day. More than 7.05 million shares were traded over the day while the average volume was much lower and stood at 9.60 million. This was measured over a period of 30 days.

Newmont Mining Corp (NYSE:NEM) is a gold producer based in Colorado and at the market price of $32+ the dividend yield is an exceptional one. The stock had dipped 15% over the past few days and dropped by 27% so far, this year. However, it goes without saying that the levels that it stands at currently have been the lowest over the past 52 weeks. The shares have been trading at a 17% premium to the company’s net assets value. This will possibly prove to be what will eventually limit the downside for the stock. Newmont’s 8.6, price to earnings ratio looks pretty attractive. What is more significant though is that the operational updates that have come from the company might result in driving the stock in the days ahead.

Allegheny Technologies Incorporated (NYSE:ATI): In the trading session on Allegheny Technologies Incorporated (NYSE:AT) down by 1.14%. Their opening price was $28.95 which touched an intraday high of $29.34 before settling down to $28.71 per share, on Thursday  More than 1.25 million shares were traded over the day while the average volume was much higher and stood at 1.87 million. This was measured over a period of 30 days.

Allegheny Technologies has A $25.35, 52-week low and its 52-week high is $44.17. Currently the stock’s 50-day moving average stands at $30.48 and the company’s market cap is $2.938 billion. Allegheny Technologies Incorporated (NYSE:ATI)’s quarterly earnings results were last posted on Thursday, 24 April. The company has reported a quarterly EPS of $0.09 quarter while the average estimate was $0.17. The company’s revenue for the quarter was $1.18 billion, in comparison to the average analyst estimate of $1.18 billion. In the 2012 same quarter, the company had posted earnings per share of $0.57.


About Lynn Eisler

Lynn Eisler is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments. Lynn has been honored with the H.L. Mencken Award for Investigative Reporting, the Champion of Justice Award for reporting on the drug war, and the John Hancock Award for business reporting. Lynn was also a Knight Medical School Fellow at the University of Michigan.

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