Industry

Basic materials stocks for your portfolio: Newmont Mining Corporation (NEM), Valero Energy Corporation (VLO)

Newmont Mining Corporation (NEM) ended last trading session with a change of 0.24 percent. It trades at an average volume of 7.25M shares versus 5.14M shares recorded at the end of last trading session. The share price of $33.02 is at a distance of 34.87 percent from its 52-week low and down -28.07 percent versus its peak. The company has a market cap of $17.5B and currently has 530M shares outstanding. The share price is currently -6.05 percent versus its SMA20, -6.49 percent versus its SMA50, and -10.35 percent versus its SMA200. The stock has a weekly performance of 0.18 percent and is -2.93 percent year-to-date as of the recent close.

On March 6, 2017 Newmont Mining Corporation (NEM) announced an agreement to access and explore a highly prospective gold district in Canada’s Yukon Territory through a private placement with Goldstrike Resources (Goldstrike). The agreement entitles Newmont to earn up to 80 percent equity in the Plateau property through exploration investment. The Plateau property is a newly discovered gold system consisting of more than 2,000 claims covering 350 square kilometers. Initial drill results are promising and high grade gold mineralization has been identified over a 50 kilometer strike length.

Valero Energy Corporation (VLO) recently recorded 1.64 percent change and currently at $67.66 is 48.85 percent away from its 52-week low and down -4.24 percent versus its peak. It has a past 5-day performance of 1.84 percent and trades at an average volume of 4.51M shares. The stock has a 1-month performance of 1.11 percent and is 0.07 percent year-to-date as of the recent close. There were about 450.44M shares outstanding which made its market cap $30.48B. The share price is currently 1.33 percent versus its SMA20, 1.78 percent versus its SMA50, and 16.54 percent versus its SMA200.

On March 06, 2017 Valero Energy Corporation (VLO) announced that Joe Gorder, Chairman, President, and Chief Executive Officer of Valero Energy Corporation will present at the Howard Weil Energy Conference on Monday, March 27, 2017 at 3:20 p.m. Central Time.

A live audio webcast of these remarks, along with the associated slides, will be accessible via Valero’s website at www.valero.com.  A replay of the presentation will be available on Valero’s website.

 

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