Newmont Mining (NYSE:NEM)‘s stock had its “hold” rating reiterated by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Tuesday. They currently have a $43.00 target price on the basic materials company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 18.78% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research raised Newmont Mining from a “hold” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a report on Tuesday. B. Riley reissued a “neutral” rating on shares of Newmont Mining in a report on Wednesday, November 1st. BMO Capital Markets set a $45.00 target price on Newmont Mining and gave the stock a “buy” rating in a report on Tuesday, November 14th. FBR & Co set a $40.00 target price on Newmont Mining and gave the stock a “hold” rating in a report on Tuesday, October 31st. Finally, TheStreet raised Newmont Mining from a “c+” rating to a “b” rating in a report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Newmont Mining presently has an average rating of “Buy” and an average target price of $40.96.

Newmont Mining (NYSE:NEM) traded down $0.64 on Tuesday, hitting $36.20. The stock had a trading volume of 5,984,143 shares, compared to its average volume of 5,412,636. The company has a market capitalization of $19,834.78, a PE ratio of 26.75 and a beta of 0.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.58 and a current ratio of 4.18. Newmont Mining has a 52 week low of $30.40 and a 52 week high of $39.63.

Newmont Mining (NYSE:NEM) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Newmont Mining had a return on equity of 6.20% and a net margin of 1.18%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share. equities analysts forecast that Newmont Mining will post 1.44 earnings per share for the current fiscal year.

In other Newmont Mining news, insider Gary J. Goldberg sold 1,000 shares of Newmont Mining stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $36.98, for a total value of $36,980.00. Following the transaction, the insider now owns 334,730 shares in the company, valued at $12,378,315.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Elaine J. Dorward-King sold 10,250 shares of Newmont Mining stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $38.27, for a total transaction of $392,267.50. Following the completion of the transaction, the executive vice president now owns 82,114 shares in the company, valued at approximately $3,142,502.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,700 shares of company stock worth $1,038,458. 0.32% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Sun Life Financial INC grew its position in Newmont Mining by 43,144.4% in the second quarter. Sun Life Financial INC now owns 3,892 shares of the basic materials company’s stock worth $126,000 after buying an additional 3,883 shares during the last quarter. Tiedemann Wealth Management LLC grew its position in Newmont Mining by 66.5% in the third quarter. Tiedemann Wealth Management LLC now owns 14,862 shares of the basic materials company’s stock worth $170,000 after buying an additional 5,938 shares during the last quarter. Parametrica Management Ltd acquired a new position in Newmont Mining in the third quarter worth approximately $222,000. Timber Hill LLC acquired a new position in Newmont Mining in the third quarter worth approximately $260,000. Finally, Veritable L.P. grew its position in Newmont Mining by 4.6% in the second quarter. Veritable L.P. now owns 8,473 shares of the basic materials company’s stock worth $274,000 after buying an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

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About Newmont Mining

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 (NYSE:NEM)

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