Newmont Mining Corp Sees Unusually Large Options Volume (NEM)
Newmont Mining Corp (NYSE:NEM) was the recipient of unusually large options trading on Monday. Traders acquired 12,745 put options on the stock, American Banking & Market News reports. This represents an increase of approximately 286% compared to the typical volume of 3,300 put options.
A number of research firms have recently commented on NEM. Analysts at Sterne Agee reiterated a “buy” rating on shares of Newmont Mining Corp in a research note on Monday. They now have a $26.89 price target on the stock, down previously from $30.00. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Newmont Mining Corp in a research note on Thursday, July 31st. They now have a $26.00 price target on the stock, down previously from $28.00. Finally, analysts at Cowen and Company cut their price target on shares of Newmont Mining Corp from $32.14 to $32.11 in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $26.92.
Newmont Mining Corp (NYSE:NEM) traded down 0.26% during mid-day trading on Monday, hitting $26.82. 4,733,859 shares of the company’s stock traded hands. Newmont Mining Corp has a one year low of $20.79 and a one year high of $34.27. The stock’s 50-day moving average is $25.60 and its 200-day moving average is $24.32. The company’s market cap is $13.377 billion.
Newmont Mining Corp (NYSE:NEM) last released its earnings data on Tuesday, July 29th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.01. On average, analysts predict that Newmont Mining Corp will post $0.81 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Thursday, September 11th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Tuesday, September 9th.
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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