Newmont Mining Corp (NEM) Declares Quarterly Dividend of $0.15
Newmont Mining Corp (NYSE:NEM) declared a quarterly dividend on Wednesday, February 19th, AnalystRatings.NET reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.15 per share on Thursday, March 27th. This represents a $0.60 dividend on an annualized basis and a yield of 2.52%.
Several analysts have recently commented on the stock. Analysts at EVA Dimensions LLC upgraded shares of Newmont Mining Corp from an “underweight” rating to a “hold” rating in a research note on Wednesday. On a related note, analysts at Credit Suisse cut their price target on shares of Newmont Mining Corp to $21.00 in a research note on Wednesday, February 5th. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Newmont Mining Corp from an “overweight” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $26.00 price target on the stock, down previously from $28.00. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $33.63.
Newmont Mining Corp (NYSE:NEM) traded down 1.82% on Wednesday, hitting $23.77. 9,792,712 shares of the company’s stock traded hands. Newmont Mining Corp has a 1-year low of $20.79 and a 1-year high of $42.00. The stock’s 50-day moving average is $23.42 and its 200-day moving average is $26.42. The company’s market cap is $11.834 billion.
Newmont Mining Corporation is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Indonesia, Ghana, New Zealand and Mexico.
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