Newmont Mining Corp Price Target Raised to $34.73 (NEM)
Equities researchers at Cowen and Company boosted their price target on shares of Newmont Mining Corp (NYSE:NEM) from $33.96 to $34.73 in a research report issued on Wednesday. Cowen and Company’s target price points to a potential upside of 30.96% from the stock’s previous close.
Newmont Mining Corp (NYSE:NEM) traded up 0.08% during mid-day trading on Wednesday, hitting $26.52. The stock had a trading volume of 3,285,461 shares. Newmont Mining Corp has a 1-year low of $20.79 and a 1-year high of $34.27. The stock’s 50-day moving average is $25.8 and its 200-day moving average is $24.55. The company’s market cap is $13.227 billion.
Newmont Mining Corp (NYSE:NEM) last announced its earnings results 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. Analysts expect that Newmont Mining Corp will post $0.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders 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 0.38%. The ex-dividend date of this dividend is Tuesday, September 9th.
A number of other firms have also recently commented on NEM. 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 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 given a buy rating to the company. Newmont Mining Corp currently has a consensus rating of “Hold” and an average target price of $27.12.
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.
Receive News & Ratings for Newmont Mining Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont Mining Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.