Newmont Mining Corp Receives Average Rating of “Hold” from Brokerages (NYSE:NEM)
Shares of Newmont Mining Corp (NYSE:NEM) have received an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the company, StockRatingsNetwork.com reports. Two equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $26.92.
Newmont Mining Corp (NYSE:NEM) opened at 26.83 on Wednesday. Newmont Mining Corp has a 52 week low of $20.79 and a 52 week high of $34.27. The stock’s 50-day moving average is $25.68 and its 200-day moving average is $24.36. The company’s market cap is $13.382 billion. Newmont Mining Corp also saw unusually large options trading activity on Monday. Traders purchased 12,745 put options on the company. This represents an increase of 286% compared to the typical daily volume of 3,300 put options.
Newmont Mining Corp (NYSE:NEM) last posted its quarterly earnings results 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. Analysts expect that Newmont Mining Corp will post $0.81 EPS 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.
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.
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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