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

  • 7/18/2017 – Newmont Mining Corporation had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $40.00 price target on the stock.
  • 7/14/2017 – Newmont Mining Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $35.00 price target on the stock, down previously from $37.00.
  • 7/10/2017 – Newmont Mining Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Annual estimates for Newmont are going down of late. Newmont is exposed to a volatile gold price environment. Higher projected unit costs for 2017 and the company's falling gold reserve base are other concerns. Oversupply in the market also poses a threat on copper prices.”
  • 7/5/2017 – Newmont Mining Corporation was upgraded by analysts at Scotiabank from a “sector perform” rating to an “outperform” rating. They now have a $43.50 price target on the stock, up previously from $43.00.
  • 6/25/2017 – Newmont Mining Corporation had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $42.00 price target on the stock, down previously from $44.00.
  • 6/17/2017 – Newmont Mining Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/15/2017 – Newmont Mining Corporation is now covered by analysts at Raymond James Financial, Inc.. They set an “outperform” rating and a $43.00 price target on the stock.
  • 6/14/2017 – Newmont Mining Corporation had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $47.00 price target on the stock.
  • 6/12/2017 – Newmont Mining Corporation was given a new $40.00 price target on by analysts at Royal Bank Of Canada. They now have a “hold” rating on the stock.
  • 5/30/2017 – Newmont Mining Corporation had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $39.00 price target on the stock.
  • 5/19/2017 – Newmont Mining Corporation was given a new $37.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.

Shares of Newmont Mining Corporation (NYSE:NEM) traded up 0.27% on Tuesday, reaching $33.82. The company had a trading volume of 2,582,965 shares. The company has a 50 day moving average of $33.74 and a 200-day moving average of $34.13. Newmont Mining Corporation has a 52 week low of $30.19 and a 52 week high of $46.07. The company’s market capitalization is $18.03 billion.

Newmont Mining Corporation (NYSE:NEM) last announced its quarterly earnings results on Monday, April 24th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.03. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.73 billion. Newmont Mining Corporation had a positive return on equity of 6.24% and a negative net margin of 8.70%. Newmont Mining Corporation’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 EPS. Analysts predict that Newmont Mining Corporation will post $1.13 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 22nd. Shareholders of record on Thursday, June 8th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Tuesday, June 6th. Newmont Mining Corporation’s dividend payout ratio (DPR) is -16.81%.

In other news, COO Thomas Ronald Palmer sold 1,250 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $31.80, for a total value of $39,750.00. Following the completion of the sale, the chief operating officer now directly owns 91,862 shares of the company’s stock, valued at approximately $2,921,211.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP E Randall Engel sold 5,700 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $35.00, for a total value of $199,500.00. Following the completion of the sale, the executive vice president now directly owns 256,800 shares of the company’s stock, valued at $8,988,000. The disclosure for this sale can be found here. Insiders have sold a total of 15,450 shares of company stock valued at $519,220 over the last ninety days. 0.32% of the stock is owned by company insiders.

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.

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