Newmont Mining Corp Given Consensus Recommendation of “Hold” by Brokerages (NYSE:NEM)
Shares of Newmont Mining Corp (NYSE:NEM) have received a consensus rating of “Hold” from the twenty-two brokerages that are presently covering the company, American Banking News reports. Seven investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $31.69.
Shares of Newmont Mining Corp (NYSE:NEM) traded up 1.23% during mid-day trading on Thursday, hitting $23.85. The stock had a trading volume of 3,222,111 shares. 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 $23.40 and a 200-day moving average of $26.27. The company’s market cap is $11.935 billion.
Newmont Mining Corp (NYSE:NEM) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.37. Analysts expect that Newmont Mining Corp will post $0.88 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Tuesday, March 11th.
Several analysts have recently commented on the stock. Analysts at Argus downgraded shares of Newmont Mining Corp from a “buy” rating to a “hold” rating in a research note on Wednesday. Separately, analysts at Zacks downgraded shares of Newmont Mining Corp from a “neutral” rating to an “underperform” rating in a research note on Tuesday. They now have a $22.00 price target on the stock. Finally, analysts at Mackie downgraded shares of Newmont Mining Corp from a “hold” rating to a “sell” rating in a research note on Monday.
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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