Newmont Mining Corp (NYSE:NEM) – Analysts at Jefferies Group issued their Q1 2017 earnings per share estimates for Newmont Mining Corp in a research note issued on Tuesday. Jefferies Group analyst C. Lafemina forecasts that the basic materials company will post earnings of $0.30 per share for the quarter. Jefferies Group has a “Hold” rating and a $37.00 price objective on the stock. Jefferies Group also issued estimates for Newmont Mining Corp’s FY2017 earnings at $1.41 EPS.

Newmont Mining Corp (NYSE:NEM) last released its quarterly earnings results on Tuesday, February 21st. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.06. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.84 billion. Newmont Mining Corp had a negative net margin of 6.99% and a positive return on equity of 4.94%. Newmont Mining Corp’s revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 EPS.

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Earnings History and Estimates for Newmont Mining Corp (NYSE:NEM)

Several other research analysts have also commented on the stock. Vetr lowered shares of Newmont Mining Corp from a “sell” rating to a “strong sell” rating and set a $32.55 price objective for the company. in a report on Monday, February 6th. Zacks Investment Research lowered shares of Newmont Mining Corp from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 10th. Clarkson Capital lowered shares of Newmont Mining Corp from a “neutral” rating to a “sell” rating in a report on Tuesday, March 21st. Scotiabank lowered shares of Newmont Mining Corp from an “outperform” rating to a “sector perform” rating and set a $42.00 price objective for the company. in a report on Tuesday, January 10th. Finally, Standpoint Research upgraded shares of Newmont Mining Corp from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Thursday, December 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $39.96.

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Newmont Mining Corp (NYSE:NEM) opened at 33.52 on Thursday. The stock’s 50 day moving average is $33.68 and its 200 day moving average is $34.53. The company’s market cap is $17.80 billion. Newmont Mining Corp has a 1-year low of $30.19 and a 1-year high of $46.07.

A number of hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp increased its stake in shares of Newmont Mining Corp by 12.5% in the fourth quarter. Van ECK Associates Corp now owns 34,514,748 shares of the basic materials company’s stock valued at $1,175,917,000 after buying an additional 3,839,014 shares during the period. Carmignac Gestion increased its stake in shares of Newmont Mining Corp by 3.0% in the third quarter. Carmignac Gestion now owns 13,476,198 shares of the basic materials company’s stock valued at $529,480,000 after buying an additional 396,300 shares during the period. Janus Capital Management LLC increased its stake in shares of Newmont Mining Corp by 38.1% in the fourth quarter. Janus Capital Management LLC now owns 8,854,814 shares of the basic materials company’s stock valued at $301,684,000 after buying an additional 2,442,668 shares during the period. Northern Trust Corp increased its stake in shares of Newmont Mining Corp by 2.2% in the third quarter. Northern Trust Corp now owns 7,559,089 shares of the basic materials company’s stock valued at $296,997,000 after buying an additional 162,388 shares during the period. Finally, APG Asset Management N.V. increased its stake in shares of Newmont Mining Corp by 10.0% in the third quarter. APG Asset Management N.V. now owns 6,951,703 shares of the basic materials company’s stock valued at $273,132,000 after buying an additional 634,300 shares during the period. 82.02% of the stock is currently owned by institutional investors.

In related news, insider Gary J. Goldberg sold 1,000 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $33.05, for a total transaction of $33,050.00. Following the sale, the insider now directly owns 334,730 shares of the company’s stock, valued at approximately $11,062,826.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP E Randall Engel sold 12,720 shares of the stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $34.22, for a total transaction of $435,278.40. Following the sale, the executive vice president now directly owns 289,870 shares in the company, valued at $9,919,351.40. The disclosure for this sale can be found here. Insiders have sold a total of 20,257 shares of company stock worth $703,968 over the last three months. 0.22% of the stock is currently owned by insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 8th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.60%. Newmont Mining Corp’s dividend payout ratio (DPR) is -19.42%.

About Newmont Mining Corp

Newmont Mining Corporation is a 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, Ghana and Suriname. The Company’s segments include North America, South America, Asia Pacific and Africa.

5 Day Chart for NYSE:NEM

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