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Newmont Mining Corp (NYSE:NEM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday, Analyst RN reports. They currently have a $22.00 target price on the stock. Zacks‘ target price suggests a potential downside of 6.76% from the company’s current price.

A number of other firms have also recently commented on NEM. Analysts at Mackie downgraded shares of Newmont Mining Corp from a “hold” rating to a “sell” rating in a research note on Monday. Separately, 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. Finally, 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. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $33.10.

Shares of Newmont Mining Corp (NYSE:NEM) traded up 0.93% during mid-day trading on Tuesday, hitting $23.89. 6,414,192 shares of the company’s stock traded hands. Newmont Mining Corp has a 52-week low of $20.79 and a 52-week high of $42.00. The stock’s 50-day moving average is $23.42 and its 200-day moving average is $26.3. The company’s market cap is $11.955 billion.

Newmont Mining Corp (NYSE:NEM) last announced its earnings results 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 $0.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.54%. The ex-dividend date 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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