Newmont Mining (NEM) Scheduled to Post Quarterly Earnings on Thursday

Newmont Mining (NYSE:NEM) will be issuing its quarterly earnings data before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.38 per share for the quarter.

Newmont Mining (NYSE NEM) opened at $39.00 on Thursday. 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 12 month low of $31.42 and a 12 month high of $42.04. The firm has a market cap of $20,800.00, a price-to-earnings ratio of 55.71 and a beta of 0.24.

In related news, insider Gary J. Goldberg sold 1,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $36.98, for a total value of $36,980.00. Following the sale, the insider now directly owns 334,730 shares in the company, valued at approximately $12,378,315.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Elaine J. Dorward-King sold 10,250 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $36.48, for a total transaction of $373,920.00. Following the completion of the sale, the executive vice president now owns 71,864 shares in the company, valued at $2,621,598.72. The disclosure for this sale can be found here. Insiders sold a total of 27,700 shares of company stock worth $1,050,806 over the last quarter. Insiders own 0.32% of the company’s stock.

NEM has been the topic of a number of recent analyst reports. Deutsche Bank cut shares of Newmont Mining from a “buy” rating to a “hold” rating and lowered their price target for the stock from $42.00 to $40.00 in a research note on Tuesday, January 16th. TheStreet cut shares of Newmont Mining from a “b-” rating to a “c” rating in a research note on Friday, November 17th. Zacks Investment Research raised shares of Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, October 18th. BMO Capital Markets reaffirmed a “buy” rating and set a $43.00 price target on shares of Newmont Mining in a research note on Wednesday, December 20th. Finally, TD Securities set a $42.00 price target on shares of Newmont Mining and gave the stock a “hold” rating in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Newmont Mining presently has an average rating of “Hold” and an average price target of $41.80.

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Newmont Mining Company Profile

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 for Newmont Mining (NYSE:NEM)

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