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Wednesday 14 October 2015
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Current Trade News Alert on: Newmont Mining (NYSE:NEM), Kinross Gold (NYSE:KGC), Murphy Oil (NYSE:MUR), Nordstrom, (NYSE:JWN)

During Monday’s Current trade, Shares of Newmont Mining Corp (NYSE:NEM), gained 3.10% to $17.60.

Newmont Mining Corporation (NEM) declared it will report third quarter 2015 operations and financial results after the market closes on Wednesday, October 28, 2015. A conference call will be held on Thursday, October 29, 2015 at 10:00 a.m. Eastern Time (8:00 a.m. Mountain Time); it will also be carried on the Company’s website.

On other hand, Newmont Mining Corp (NEM) current short interest stands at 10.17 million shares. It has reduced by 3% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 8.31 million shares, the number of days required to cover the short positions stand at 1.3 days.

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.

Shares of Kinross Gold Corporation (USA) (NYSE:KGC), inclined 2.46% to $1.88, during its current trading session.

In response to media inquiries, Kinross Gold Corporation (KGC) wishes to address the circumstances surrounding an ongoing regulatory review in relation to its West Africa mining operations.

In August 2013, Kinross received information regarding allegations of improper payments made to government officials and certain internal control deficiencies at its West Africa mining operations. Kinross takes such allegations very seriously and action was right away taken in accordance with Kinross’ Whistleblower Policy. External legal counsel was right away retained to conduct an objective internal investigation into the allegations.

In March and December 2014, and July 2015, Kinross received subpoenas from the United States Securities and Exchange Commission (the “SEC”) seeking information and documents on substantially the same subjects as had formerly been raised. In December 2014, Kinross received similar requests for information from the United States Department of Justice (the “DOJ”).

In response to media inquiries, Kinross Gold Corporation (TSX:K.TO) (KGC) wishes to address the circumstances surrounding an ongoing regulatory review in relation to its West Africa mining operations.

In August 2013, Kinross received information regarding allegations of improper payments made to government officials and certain internal control deficiencies at its West Africa mining operations. Kinross takes such allegations very seriously and action was right away taken in accordance with Kinross’ Whistleblower Policy. External legal counsel was right away retained to conduct an objective internal investigation into the allegations.

Kinross Gold Corporation, together with its auxiliaries, engages in the acquisition, exploration, and development of gold bearing properties. It is involved in mining and processing gold and silver ores.

Murphy Oil Corporation (NYSE:MUR), during its Monday’s current trading session gained 4.36% to $27.05.

Murphy Oil Corporation (MUR) has planned its earnings conference call at 12:00 p.m. Central Daylight Time (CDT), on Thursday, October 29, 2015, to review third quarter 2015 earnings, which will be declared after market close on Wednesday, October 28, 2015.

On other hand, In a research note released to the investors, Barclays maintains its rating on Murphy Oil Corporation (NYSE:MUR). Investors must note that the brokerage house has a Equal-weight rating on the shares of the company. The Equity Firm lowers its price target from $50 per share to $38 per share. The rating by the firm was issued on August 3, 2015.

Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.

Finally, Nordstrom, Inc. (NYSE:JWN), decreased -1.32%, to $74.16.

Leading fashion specialty retailer Nordstrom, Inc. opened the doors to its new store at Ridgedale recently, its second full-line store in the Twin Cities. The two-level, 140,000 square-foot store features the latest interior and exterior design concepts, a full-service restaurant and bar, and an improved beauty experience. The first Nordstrom store in the Twin Cities opened at Mall of America in 1992.

The store offers customers five shoe departments, expansive cosmetics and accessories areas, and a comprehensive offering of popular brand names for women, men and children. Customers can expect to find shoes and handbags from popular brands counting Kate Spade, Rebecca Minkoff and Michael Michael Kors. The women’s apparel offering will feature fashion from designers like Alice & Olivia, Tory Burch, DVF and Elizabeth & James. Customers will find brands like NARS, Bobbi Brown, Trish McEvoy, Gucci, Jo Malone and more in the beauty department.

Nordstrom Ridgedale offers a number of services to enhance the shopping experience. These amenities comprise curbside pickup, an in-store alterations and tailor shop, certified bra and prosthesis fitters, complimentary gift boxes and Personal Stylists – a complimentary wardrobe and shopping service. The store has two food offerings: Ruscello, a Mediterranean and Italian inspired full-service restaurant and bar; and the Ebar, which offers customers handcrafted coffee drinks and grab-and-go food options.

On other hand, Nordstrom (NYSE:JWN) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Monday, Analyst Ratings Network.com reports. They presently have a $82.64 price objective on the stock. Vetr‘s price target suggests a potential upside of 10.01% from the company’s previous close.

The company’s 50-day moving average price is $73.94 and its 200-day moving average price is $76.06. The stock has a market cap of $14.14 billion and a P/E ratio of 19.88. Nordstrom has a one year low of $66.81 and a one year high of $83.16.

Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for men, women, and children in the United States and Canada. It operates through two segments, Retail and Credit.

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