Newmont Mining Corp’s Buy Rating Reaffirmed at Sterne Agee (NEM)
Newmont Mining Corp (NYSE:NEM)‘s stock had its “buy” rating restated by analysts at Sterne Agee in a research report issued to clients and investors on Monday. They currently have a $26.89 price objective on the stock, down from their previous price objective of $30.00.
Shares of Newmont Mining Corp (NYSE:NEM) opened at 26.89 on Monday. Newmont Mining Corp has a 1-year low of $20.79 and a 1-year high of $34.27. The stock has a 50-day moving average of $25.60 and a 200-day moving average of $24.32. The company’s market cap is $13.412 billion.
Newmont Mining Corp (NYSE:NEM) last issued its quarterly 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. Investors 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.
A number of other firms have also recently commented on NEM. 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. Separately, 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. Finally, analysts at RBC Capital raised their price target on shares of Newmont Mining Corp from $27.00 to $29.00 in a research note on Thursday, July 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. Newmont Mining Corp has an average rating of “Hold” and a consensus price target of $26.92.
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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