Shares of Newmont Mining Corporation (NYSE:NEM) have earned an average recommendation of “Buy” from the twenty analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have given 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 target among brokerages that have issued a report on the stock in the last year is $41.10.

NEM has been the subject of several recent research reports. Royal Bank Of Canada set a $41.00 price target on shares of Newmont Mining Corporation and gave the stock a “hold” rating in a research report on Monday, August 28th. Credit Suisse Group set a $45.00 price target on shares of Newmont Mining Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Jefferies Group LLC restated a “hold” rating and set a $35.00 price target (down previously from $37.00) on shares of Newmont Mining Corporation in a research report on Friday, July 14th. Zacks Investment Research upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Monday, July 31st. Finally, Scotiabank upped their price target on shares of Newmont Mining Corporation from $43.50 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 26th.

In other Newmont Mining Corporation news, EVP Elaine J. Dorward-King sold 10,250 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $38.27, for a total transaction of $392,267.50. Following the completion of the sale, the executive vice president now directly owns 82,114 shares of the company’s stock, valued at $3,142,502.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gary J. Goldberg sold 1,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $38.60, for a total transaction of $38,600.00. Following the sale, the insider now directly owns 334,730 shares of the company’s stock, valued at $12,920,578. The disclosure for this sale can be found here. Insiders have sold 29,707 shares of company stock valued at $1,120,866 over the last ninety days. Insiders own 0.32% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Cleararc Capital Inc. lifted its stake in Newmont Mining Corporation by 0.6% during the first quarter. Cleararc Capital Inc. now owns 12,988 shares of the basic materials company’s stock valued at $428,000 after buying an additional 73 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in Newmont Mining Corporation by 0.4% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 66,675 shares of the basic materials company’s stock valued at $2,198,000 after buying an additional 233 shares in the last quarter. Smith Affiliated Capital Corp. lifted its stake in Newmont Mining Corporation by 8.6% during the second quarter. Smith Affiliated Capital Corp. now owns 3,800 shares of the basic materials company’s stock valued at $123,000 after buying an additional 300 shares in the last quarter. Suntrust Banks Inc. lifted its stake in Newmont Mining Corporation by 0.5% during the second quarter. Suntrust Banks Inc. now owns 65,794 shares of the basic materials company’s stock valued at $2,130,000 after buying an additional 331 shares in the last quarter. Finally, Financial Counselors Inc. lifted its stake in Newmont Mining Corporation by 0.3% during the first quarter. Financial Counselors Inc. now owns 101,304 shares of the basic materials company’s stock valued at $3,339,000 after buying an additional 333 shares in the last quarter. 81.07% of the stock is owned by institutional investors.

Shares of Newmont Mining Corporation (NYSE:NEM) opened at 37.90 on Wednesday. The firm’s market cap is $20.21 billion. Newmont Mining Corporation has a 1-year low of $30.19 and a 1-year high of $39.63. The stock has a 50 day moving average of $37.98 and a 200 day moving average of $35.09.

Newmont Mining Corporation (NYSE:NEM) last released its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.26 by $0.20. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.77 billion. Newmont Mining Corporation had a negative net margin of 6.73% and a positive return on equity of 6.67%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Equities research analysts anticipate that Newmont Mining Corporation will post $1.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th were paid a dividend of $0.075 per share. The ex-dividend date was Wednesday, September 13th. This is a positive change from Newmont Mining Corporation’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a yield of 0.79%. Newmont Mining Corporation’s dividend payout ratio is currently -33.33%.

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About Newmont Mining Corporation

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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