Newmont Mining Corp Given Consensus Recommendation of “Hold” by Brokerages (NYSE:NEM)
Newmont Mining Corp (NYSE:NEM) has earned a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the stock, Analyst Ratings Network.com reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $26.92.
Shares of Newmont Mining Corp (NYSE:NEM) opened at 26.39 on Wednesday. Newmont Mining Corp has a 52 week low of $20.79 and a 52 week high of $34.27. The stock has a 50-day moving average of $25.80 and a 200-day moving average of $24.45. The company’s market cap is $13.162 billion.
Newmont Mining Corp (NYSE:NEM) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ 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 announced a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Tuesday, September 9th.
NEM has been the subject of a number of recent research reports. Analysts at Sterne Agee reiterated a “buy” rating on shares of Newmont Mining Corp in a research note on Monday, August 18th. 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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