Newmont Mining Corporation (NYSE:NEM) – FBR & Co upped their Q4 2017 earnings per share (EPS) estimates for Newmont Mining Corporation in a note issued to investors on Tuesday. FBR & Co analyst L. Pipes now expects that the basic materials company will post earnings of $0.38 per share for the quarter, up from their prior forecast of $0.28. FBR & Co has a “Hold” rating and a $40.00 price objective on the stock. FBR & Co also issued estimates for Newmont Mining Corporation’s Q1 2018 earnings at $0.23 EPS, Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.24 EPS and FY2018 earnings at $0.94 EPS.

Several other research firms have also commented on NEM. Royal Bank Of Canada set a $41.00 price target on shares of Newmont Mining Corporation and gave the company a “hold” rating in a 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 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 on the stock in a research report on Monday, July 31st. Finally, Scotiabank boosted their target price on shares of Newmont Mining Corporation from $43.50 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.65.

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Shares of Newmont Mining Corporation (NYSE NEM) traded up 0.235% during midday trading on Wednesday, hitting $36.245. 949,742 shares of the stock were exchanged. The firm has a 50-day moving average price of $37.68 and a 200-day moving average price of $35.44. Newmont Mining Corporation has a 12-month low of $30.19 and a 12-month high of $39.63. The company’s market cap is $19.33 billion.

Newmont Mining Corporation (NYSE:NEM) last announced its earnings results on Thursday, October 26th. The basic materials company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Newmont Mining Corporation had a net margin of 1.18% and a return on equity of 6.20%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the company earned $0.38 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 8th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.83%. The ex-dividend date is Thursday, December 7th. Newmont Mining Corporation’s payout ratio is currently 200.00%.

In related news, COO Thomas Ronald Palmer sold 1,250 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $38.60, for a total transaction of $48,250.00. Following the completion of the transaction, the chief operating officer now directly owns 89,362 shares in the company, valued at approximately $3,449,373.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gary J. Goldberg sold 1,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $37.35, for a total transaction of $37,350.00. Following the transaction, the insider now owns 334,730 shares of the company’s stock, valued at $12,502,165.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,750 shares of company stock valued at $752,405. Corporate insiders own 0.32% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. MUFG Securities EMEA plc acquired a new position in shares of Newmont Mining Corporation in the 2nd quarter valued at $12,341,000. Deane Retirement Strategies Inc. acquired a new position in shares of Newmont Mining Corporation in the 3rd quarter valued at $1,513,000. Shell Asset Management Co. raised its stake in shares of Newmont Mining Corporation by 173.1% in the 3rd quarter. Shell Asset Management Co. now owns 793,199 shares of the basic materials company’s stock valued at $18,283,000 after buying an additional 502,784 shares in the last quarter. Boyer & Corporon Wealth Management LLC raised its stake in shares of Newmont Mining Corporation by 9.4% in 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 buying an additional 10,048 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Newmont Mining Corporation by 9.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,281,035 shares of the basic materials company’s stock valued at $73,883,000 after buying an additional 200,466 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

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.

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

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