Newmont Mining Corp (NYSE:NEM) has earned an average rating of “Hold” from the seventeen ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $41.87.
A number of analysts recently weighed in on NEM shares. Deutsche Bank cut shares of Newmont Mining from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $42.00 to $40.00 in a report on Tuesday, January 16th. Zacks Investment Research cut shares of Newmont Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, January 19th. TheStreet cut shares of Newmont Mining from a “b-” rating to a “c” rating in a report on Friday, November 17th. BMO Capital Markets reissued a “buy” rating and set a $43.00 target price on shares of Newmont Mining in a research note on Wednesday, December 20th. Finally, TD Securities set a $42.00 target price on shares of Newmont Mining and gave the company a “hold” rating in a research note on Thursday, October 19th.
In other Newmont Mining news, insider Gary J. Goldberg sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $40.23, for a total transaction of $40,230.00. Following the transaction, the insider now owns 156,096 shares of the company’s stock, valued at approximately $6,279,742.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Elaine J. Dorward-King sold 10,250 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $36.48, for a total transaction of $373,920.00. Following the transaction, the executive vice president now directly owns 71,864 shares in the company, valued at approximately $2,621,598.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,700 shares of company stock worth $1,050,806. 0.32% of the stock is owned by corporate insiders.
Shares of Newmont Mining (NYSE:NEM) opened at $36.91 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.18 and a quick ratio of 3.58. Newmont Mining has a twelve month low of $31.42 and a twelve month high of $42.04. The firm has a market cap of $19,690.00, a PE ratio of 52.73 and a beta of 0.24.
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.
Receive News & Ratings for Newmont Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont Mining and related companies with MarketBeat.com's FREE daily email newsletter.