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Newmont Mining Corp (NYSE:NEM) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Monday. The firm currently has a $25.00 price target on the stock. Zacks‘s price objective points to a potential upside of 6.84% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at TD Securities raised their price target on shares of Newmont Mining Corp from $24.00 to $26.00 in a research note on Monday, April 28th. Separately, analysts at CIBC upgraded shares of Newmont Mining Corp to a “sector perform” rating in a research note on Monday, April 28th. They now have a $33.00 price target on the stock, up previously from $27.00. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Newmont Mining Corp in a research note on Monday, April 28th. They now have a $27.00 price target on the stock. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $28.01.

Shares of Newmont Mining Corp (NYSE:NEM) traded up 0.17% on Monday, hitting $23.40. The stock had a trading volume of 3,652,645 shares. Newmont Mining Corp has a 52 week low of $20.79 and a 52 week high of $35.44. The stock has a 50-day moving average of $24.43 and a 200-day moving average of $24.27. The company’s market cap is $11.666 billion.

Newmont Mining Corp (NYSE:NEM) last announced its earnings results on Thursday, April 24th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was down 19.4% on a year-over-year basis. On average, analysts predict that Newmont Mining Corp will post $0.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 26th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.43%.

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.

To view Zacks’ full report, visit Zacks’ official website.

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