Newmont Mining Corp (NYSE:NEM) has received a consensus rating of “Buy” from the twenty-two brokerages that are covering the firm. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $38.87.
Several research firms recently issued reports on NEM. Vetr raised shares of Newmont Mining Corp from a “strong sell” rating to a “buy” rating and set a $40.80 price target for the company in a research report on Tuesday, February 7th. Zacks Investment Research raised shares of Newmont Mining Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, February 1st. FBR & Co reissued a “hold” rating on shares of Newmont Mining Corp in a research report on Thursday, February 23rd. Jefferies Group LLC set a $34.00 price target on shares of Newmont Mining Corp and gave the company a “hold” rating in a research report on Wednesday, February 22nd. Finally, Scotiabank downgraded shares of Newmont Mining Corp from an “outperform” rating to a “sector perform” rating and set a $42.00 price target for the company. in a research report on Tuesday, January 10th.
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Newmont Mining Corp (NYSE:NEM) opened at 33.48 on Tuesday. The firm has a 50 day moving average of $34.99 and a 200 day moving average of $35.29. The firm’s market capitalization is $17.78 billion. Newmont Mining Corp has a 12-month low of $25.33 and a 12-month high of $46.07.
Newmont Mining Corp (NYSE:NEM) last announced its quarterly earnings data on Tuesday, February 21st. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.31 by $0.06. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.84 billion. Newmont Mining Corp had a positive return on equity of 4.94% and a negative net margin of 6.99%. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period last year, the business earned $0.04 EPS. On average, analysts forecast that Newmont Mining Corp will post $1.03 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Tuesday, March 7th. Newmont Mining Corp’s dividend payout ratio (DPR) is presently -19.42%.
In other Newmont Mining Corp news, EVP William N. Macgowan sold 2,006 shares of the firm’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $36.31, for a total transaction of $72,837.86. Following the transaction, the executive vice president now directly owns 91,462 shares in the company, valued at approximately $3,320,985.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP E Randall Engel sold 2,356 shares of the firm’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $35.82, for a total value of $84,391.92. Following the transaction, the executive vice president now owns 211,000 shares in the company, valued at $7,558,020. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,257 shares of company stock worth $670,918. Company insiders own 0.22% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC acquired a new stake in Newmont Mining Corp during the second quarter worth approximately $2,795,000. Kentucky Retirement Systems acquired a new stake in Newmont Mining Corp during the second quarter worth approximately $1,765,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Newmont Mining Corp during the second quarter worth approximately $838,000. Advisory Services Network LLC boosted its stake in Newmont Mining Corp by 2,276.7% in the third quarter. Advisory Services Network LLC now owns 11,313 shares of the company’s stock worth $445,000 after buying an additional 10,837 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in Newmont Mining Corp by 48.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 264,229 shares of the company’s stock worth $10,382,000 after buying an additional 86,308 shares during the last quarter. Institutional investors own 82.02% of the company’s stock.
About Newmont Mining Corp
Newmont Mining Corporation is a mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Ghana and Suriname. The Company’s segments include North America, South America, Asia Pacific and Africa.
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