Newmont Mining Corp Lowered to “Sell” at Mackie (NEM)
Newmont Mining Corp (NYSE:NEM) was downgraded by Mackie to a “sell” rating in a research note issued on Monday, Analyst Ratings Network reports.
A number of other firms have also recently commented on NEM. 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, February 19th. Separately, 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. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $33.63.
Newmont Mining Corp (NYSE:NEM) opened at 23.38 on Monday. Newmont Mining Corp has a 52-week low of $20.79 and a 52-week high of $42.00. The stock has a 50-day moving average of $23.43 and a 200-day moving average of $26.37. The company’s market cap is $11.700 billion. Newmont Mining Corp also was the target of some unusual options trading activity on Friday. Traders bought 30,754 call options on the company. This is an increase of approximately 188% compared to the average volume of 10,679 call options.
Newmont Mining Corp (NYSE:NEM) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.37. On average, analysts predict that Newmont Mining Corp will post $0.96 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Tuesday, March 11th.
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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