Newmont Mining Corp Receives “Neutral” Rating from Zacks (NEM)
Newmont Mining Corp (NYSE:NEM)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued on Friday. They currently have a $28.00 target price on the stock. Zacks‘s price objective would indicate a potential upside of 4.24% from the stock’s previous close.
Newmont Mining Corp (NYSE:NEM) traded up 0.93% on Friday, hitting $27.11. 2,175,650 shares of the company’s stock traded hands. Newmont Mining Corp has a 52 week low of $20.79 and a 52 week high of $32.18. The stock’s 50-day moving average is $25.9 and its 200-day moving average is $24.60. The company’s market cap is $13.521 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. Analysts expect that Newmont Mining Corp will post $0.83 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.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Newmont Mining Corp from $33.96 to $34.73 in a research note on Wednesday. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. Newmont Mining Corp currently has an average rating of “Hold” and an average target price of $27.19.
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.
To view Zacks’ full report, visit Zacks’ official website.
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