Equities research analysts expect Newmont Mining Corp (NYSE:NEM) to announce $0.36 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Newmont Mining’s earnings, with estimates ranging from $0.32 to $0.40. Newmont Mining reported earnings of $0.33 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 9.1%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Newmont Mining will report full-year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.57. For the next financial year, analysts anticipate that the business will report earnings of $1.27 per share, with EPS estimates ranging from $0.94 to $1.61. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Newmont Mining.

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

A number of analysts recently weighed in on NEM shares. Zacks Investment Research raised shares of Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, October 18th. Royal Bank Of Canada set a $41.00 price target on shares of Newmont Mining and gave the company a “hold” rating in a report on Monday, August 28th. TheStreet raised shares of Newmont Mining from a “c+” rating to a “b” rating in a report on Wednesday, October 11th. FBR & Co set a $40.00 price target on shares of Newmont Mining and gave the company a “hold” rating in a report on Tuesday, October 31st. Finally, BMO Capital Markets set a $45.00 price target on shares of Newmont Mining and gave the company a “buy” rating in a report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $42.74.

Shares of Newmont Mining (NYSE NEM) opened at $35.92 on Friday. The company has a quick ratio of 3.58, a current ratio of 4.18 and a debt-to-equity ratio of 0.33. The firm has a market cap of $19,160.00, a P/E ratio of 26.04 and a beta of 0.10. Newmont Mining has a fifty-two week low of $30.40 and a fifty-two week high of $39.63.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 8th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.30 dividend on an annualized basis and a yield of 0.84%. Newmont Mining’s payout ratio is presently 42.86%.

In other news, CEO Gary J. Goldberg sold 1,000 shares of Newmont Mining stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $36.44, for a total transaction of $36,440.00. Following the transaction, the chief executive officer now directly owns 334,730 shares of the company’s stock, valued at $12,197,561.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Thomas Ronald Palmer sold 1,250 shares of Newmont Mining stock in a transaction on Friday, December 1st. The stock was sold at an average price of $36.98, for a total transaction of $46,225.00. Following the transaction, the chief operating officer now directly owns 85,612 shares in the company, valued at $3,165,931.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,700 shares of company stock worth $1,038,458. Insiders own 0.32% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in NEM. NGAM Advisors L.P. boosted its position in shares of Newmont Mining by 3.2% during the second quarter. NGAM Advisors L.P. now owns 69,957 shares of the basic materials company’s stock worth $2,266,000 after purchasing an additional 2,145 shares in the last quarter. Korea Investment CORP boosted its position in shares of Newmont Mining by 746.1% during the second quarter. Korea Investment CORP now owns 17,226 shares of the basic materials company’s stock worth $558,000 after purchasing an additional 15,190 shares in the last quarter. Advisor Partners LLC boosted its position in shares of Newmont Mining by 6.0% during the second quarter. Advisor Partners LLC now owns 12,027 shares of the basic materials company’s stock worth $390,000 after purchasing an additional 678 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Newmont Mining during the second quarter worth $871,000. Finally, Canada Pension Plan Investment Board boosted its position in shares of Newmont Mining by 19.1% during the second quarter. Canada Pension Plan Investment Board now owns 1,305,744 shares of the basic materials company’s stock worth $42,293,000 after purchasing an additional 209,100 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

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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.

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

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