Newmont Mining Corp’s “Neutral” Rating Reiterated at JPMorgan Chase & Co. (NEM)
Newmont Mining Corp (NYSE:NEM)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday. They currently have a $29.00 target price on the stock, up from their previous target price of $27.00. JPMorgan Chase & Co.’s target price points to a potential upside of 10.22% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Newmont Mining Corp in a research note on Friday, August 29th. They now have a $28.00 price target on the stock. Separately, 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, August 27th. Finally, 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. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $27.33.
Shares of Newmont Mining Corp (NYSE:NEM) traded down 0.57% during mid-day trading on Thursday, hitting $26.16. 2,033,873 shares of the company’s stock traded hands. Newmont Mining Corp has a one year low of $20.79 and a one year high of $31.53. The stock has a 50-day moving average of $26.07 and a 200-day moving average of $24.70. The company’s market cap is $13.048 billion.
Newmont Mining Corp (NYSE:NEM) last announced its earnings results on Tuesday, July 29th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the 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. 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 0.38%. The ex-dividend date of this dividend is Tuesday, September 9th.
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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