Shares of Newmont Mining Corporation (NYSE:NEM) have earned an average rating of “Buy” from the twenty analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $41.10.

Several equities analysts have recently issued reports on NEM shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $35.00 price target (down previously from $37.00) on shares of Newmont Mining Corporation in a research report on Friday, July 14th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $42.00 price target (down previously from $44.00) on shares of Newmont Mining Corporation in a research report on Sunday, June 25th. Credit Suisse Group set a $45.00 price target on Newmont Mining Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada set a $41.00 price target on Newmont Mining Corporation and gave the stock a “hold” rating in a research report on Monday, August 28th. Finally, BidaskClub lowered Newmont Mining Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.

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In other news, EVP William N. Macgowan sold 2,007 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $36.59, for a total transaction of $73,436.13. Following the completion of the sale, the executive vice president now owns 127,178 shares of the company’s stock, valued at approximately $4,653,443.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott P. Lawson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $32.79, for a total transaction of $163,950.00. Following the sale, the executive vice president now directly owns 56,696 shares of the company’s stock, valued at approximately $1,859,061.84. The disclosure for this sale can be found here. Insiders have sold a total of 19,457 shares of company stock valued at $690,811 in the last ninety days. Insiders own 0.32% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MUFG Securities EMEA plc bought a new position in shares of Newmont Mining Corporation during the 2nd quarter valued at approximately $12,341,000. Envestnet Asset Management Inc. grew its stake in shares of Newmont Mining Corporation by 23.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 67,558 shares of the basic materials company’s stock valued at $2,228,000 after acquiring an additional 12,979 shares during the period. Sprott Inc. grew its stake in shares of Newmont Mining Corporation by 32.9% during the 1st quarter. Sprott Inc. now owns 533,078 shares of the basic materials company’s stock valued at $17,570,000 after acquiring an additional 131,897 shares during the period. Boyer & Corporon Wealth Management LLC grew its stake in shares of Newmont Mining Corporation by 9.4% during the 2nd quarter. Boyer & Corporon Wealth Management LLC now owns 116,703 shares of the basic materials company’s stock valued at $3,780,000 after acquiring an additional 10,048 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Newmont Mining Corporation by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 52,924,916 shares of the basic materials company’s stock valued at $1,744,405,000 after acquiring an additional 1,671,897 shares during the period. 81.08% of the stock is owned by hedge funds and other institutional investors.

Shares of Newmont Mining Corporation (NYSE NEM) opened at 37.85 on Friday. The stock’s market cap is $20.18 billion. Newmont Mining Corporation has a one year low of $30.19 and a one year high of $41.97. The stock has a 50 day moving average of $37.24 and a 200 day moving average of $34.52.

Newmont Mining Corporation (NYSE:NEM) last posted its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.20. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.77 billion. Newmont Mining Corporation had a positive return on equity of 6.67% and a negative net margin of 6.73%. Newmont Mining Corporation’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 EPS. On average, analysts forecast that Newmont Mining Corporation will post $1.36 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be given a dividend of $0.075 per share. The ex-dividend date is Wednesday, September 13th. This represents a $0.30 annualized dividend and a dividend yield of 0.79%. This is a positive change from Newmont Mining Corporation’s previous quarterly dividend of $0.05. Newmont Mining Corporation’s dividend payout ratio is presently -33.33%.

Newmont Mining Corporation Company Profile

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.

Analyst Recommendations for Newmont Mining Corporation (NYSE:NEM)

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