On Wednesday, Shares of Newmont Mining Corporation (NYSE:NEM), lost -2.91% to $23.70, after the gold miner priced the 29 million shares of common stock in its underwritten offering.
Newmont Mining said it will sell the 29 million shares of common stock in the offering to Citigroup, and JPMorgan, which are acting as underwriters for the offering, for gross proceeds of about $682 million. The company anticipates the offering to close on June 15, 2015.
The mining company said it will use the proceeds from the offering, together with other cash from its balance sheet, to fund the acquisition of the Cripple Creek & Victor mine in Colorado from AngloGold Ashanti. Until the acquisition closes the company will put the proceeds in its short-term liquid investments.
During Wednesday’s trade, 38,742,225 shares exchanged hands as compared to its average daily volume of 7,088,370. The company holds the market capitalization of $11.85B.
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 Hilton Worldwide Holdings Inc. (NYSE:HLT), declined -1.75% to $28.67, during its last trading session.
Hilton Worldwide Holdings, is a company with 720,000 rooms worldwide in 4,362 properties. The company’s revenue stems from a familiar model in the hotel company world – some is from timeshares, some is from franchise fees and royalties, some from administration fees, and finally, some from actual ownership. Investopedia Reports.
In Q1 Hilton Worldwide had a total revenue of $2.6 billion and of that huge income had earnings of $150 million or $0.15 per share. It operates hotel brands like Hilton, Embassy Suites, Hampton Inn and Waldorf Astoria. Investopedia added.
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide.
Finally, Dynegy Inc. (NYSE:DYN), ended its last trade with 5.35% gain, and closed at $33.65.
The stock volatility for the week is 2.62%, while for the month remained 2.44%. The company holds consensus target price of $39.95.
If we consider EPS growth of the company, then the company indicated the following observations:
The company showed -3.68 diluted EPS growth for trailing twelve months. However, YTD EPS growth remained 26.20% and Annual EPS growth for the past 5 years is 67.80%.
The mean recommendation of analysts for this stock is 1.80. (where 1=Buy, 5=Sale).
Dynegy Inc., through its auxiliaries, produces and sells electric energy, capacity, and ancillary services in the United States. It operates in three segments, Coal, IPH, and Gas. The company sells its services on a wholesale basis from its power generation facilities.
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