Newmont Mining Corporation acquires, explores, and develops mineral properties. The Company produces gold from operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico. Newmont also mines and processes copper in Indonesia.

The company could be suffered the weakness in the gold demand, as we can see in the last report of the Gold World Council. Analysts, in fact, have revised downward company’s earnings per share for the next two years. But in the second half of the year the demand could recovery thanks also to wedding season in India and gold prices rising.

Technically the share is in bullish trend in the short term. The 20 day moving average is well oriented and is close to cross the 50 and 100 day moving averages. This signal could help the share to break out the short term resistance at USD 49.3. In weekly data the share has set up a double bottom on USD 44.5 support level, and this bullish signal could lead the share towards USD 56.4. A stop loss will be placed at 47.6