Newmont Mining Corp. (NYSE: NEM) recently received a number of ratings updates from brokerages and research firms:

  • 9/20/2016 – Newmont Mining Corp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $44.00 price target on the stock. According to Zacks, “Estimates for Newmont have been moving up of late. Newmont is making notable progress with its growth projects that are expected to boost its production performance. We are also impressed with its cost management initiatives and efforts to reduce debts. Moreover, the acquisition of CC&V represents a significant opportunity for the company. “
  • 9/19/2016 – Newmont Mining Corp. had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG.
  • 9/12/2016 – Newmont Mining Corp. was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $45.64 price target on the stock.
  • 9/6/2016 – Newmont Mining Corp. was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $45.64 price target on the stock.
  • 8/24/2016 – Newmont Mining Corp. was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $47.47 price target on the stock.
  • 8/22/2016 – Newmont Mining Corp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Newmont saw its profits (as reported) decline in second-quarter 2016. However, adjusted earnings topped the Zacks Consensus Estimate. Revenues rose on higher gold volumes and pricing, and beat expectations. Newmont is making notable progress with its growth projects that are expected to boost its production performance. We are also impressed by its cost management initiatives. Moreover, the acquisition of CC&V represents a significant opportunity for the company. However, Newmont is exposed to a volatile price environment and challenges in the copper market. Oversupply in the market poses a threat on copper prices. Moreover, the decision to divest stake in Indonesian assets could affect the company's production and bottom line in 2016. The company's production may also be affected by lower grades across specific mines and geopolitical issues. “
  • 8/18/2016 – Newmont Mining Corp. had its “buy” rating reaffirmed by analysts at Citigroup Inc..
  • 8/16/2016 – Newmont Mining Corp. had its “hold” rating reaffirmed by analysts at Morgan Stanley. They now have a $41.00 price target on the stock.
  • 8/9/2016 – Newmont Mining Corp. is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $41.00 price target on the stock.
  • 8/8/2016 – Newmont Mining Corp. had its price target raised by analysts at Barclays PLC from $38.00 to $45.00. They now have an “equal weight” rating on the stock.
  • 8/2/2016 – Newmont Mining Corp. is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $44.00 price target on the stock.
  • 7/27/2016 – Newmont Mining Corp. had its “hold” rating reaffirmed by analysts at Argus. They wrote, “less well positioned”
  • 7/26/2016 – Newmont Mining Corp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $45.00 price target on the stock. According to Zacks, “Newmont saw its profits (as reported) decline in second-quarter 2016. However, adjusted earnings topped the Zacks Consensus Estimate. Revenues rose on higher gold volumes and pricing, and beat expectations. Newmont is making notable progress with its growth projects that are expected to boost its production performance. We are also impressed by its cost management initiatives. Moreover, the acquisition of CC&V represents a significant opportunity for the company. “
  • 7/25/2016 – Newmont Mining Corp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Newmont saw its profits (as reported) decline in second-quarter 2016. However, adjusted earnings topped the Zacks Consensus Estimate. Revenues rose on higher gold volumes and pricing, and beat expectations. Newmont is making notable progress with its growth projects that are expected to boost its production performance. We are also impressed by its cost management initiatives. Moreover, the acquisition of CC&V represents a significant opportunity for the company. However, Newmont is exposed to a volatile price environment and challenges in the copper market. Oversupply in the market poses a threat on copper prices. Moreover, the recent decision to divest stake in Indonesian assets could affect the company's production and bottom line in 2016. The company's production may also be affected by lower grades across specific mines and geopolitical issues. “
  • 7/24/2016 – Newmont Mining Corp. had its “outperform” rating reaffirmed by analysts at BMO Capital Markets.

Shares of Newmont Mining Corp. (NYSE:NEM) traded down 0.73% on Tuesday, reaching $38.15. 5,386,610 shares of the company traded hands. The stock has a 50-day moving average price of $42.14 and a 200 day moving average price of $35.67. The firm has a market capitalization of $20.24 billion, a P/E ratio of 515.54 and a beta of 0.22. Newmont Mining Corp. has a 1-year low of $15.40 and a 1-year high of $46.07.

Newmont Mining Corp. (NYSE:NEM) last issued its earnings results on Wednesday, July 20th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.14. Newmont Mining Corp. had a net margin of 0.51% and a return on equity of 3.89%. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the company posted $0.26 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts anticipate that Newmont Mining Corp. will post $1.81 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be given a $0.025 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.10 annualized dividend and a yield of 0.26%. Newmont Mining Corp.’s payout ratio is presently 166.69%.

In other Newmont Mining Corp. news, EVP William N. Macgowan sold 8,135 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of C$44.95, for a total value of C$365,668.25. Following the transaction, the executive vice president now directly owns 98,779 shares in the company, valued at C$4,440,116.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP E Randall Engel sold 8,700 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of C$42.55, for a total transaction of C$370,185.00. Following the completion of the transaction, the executive vice president now owns 219,389 shares in the company, valued at C$9,335,001.95. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by company insiders.

Newmont Mining Corporation is a global mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Indonesia, Ghana and Suriname. Its segments are North America, South America, Asia Pacific and Africa.

5 Day Chart for NYSE:NEM

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