Shares of Newmont Mining Corp. (NYSE:NEM) have earned an average rating of “Buy” from the twenty research firms that are presently covering the firm. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$40.36.

NEM has been the topic of a number of recent analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $49.00 price target on shares of Newmont Mining Corp. in a research report on Wednesday, July 20th. HSBC reaffirmed a “buy” rating on shares of Newmont Mining Corp. in a research report on Thursday, July 7th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Newmont Mining Corp. in a research report on Monday, June 27th. Vetr raised shares of Newmont Mining Corp. from a “hold” rating to a “buy” rating and set a $36.33 price objective on the stock in a report on Tuesday, June 21st. Finally, Zacks Investment Research raised shares of Newmont Mining Corp. from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Monday, July 18th.

Shares of Newmont Mining Corp. (NYSE:NEM) opened at 33.97 on Friday. The firm’s 50-day moving average price is $39.34 and its 200-day moving average price is $36.65. Newmont Mining Corp. has a 12-month low of $16.05 and a 12-month high of $46.07. The company has a market capitalization of $18.02 billion, a PE ratio of 459.05 and a beta of 0.25.

Newmont Mining Corp. (NYSE:NEM) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.14. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.94 billion. Newmont Mining Corp. had a return on equity of 3.89% and a net margin of 0.51%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. On average, analysts expect that Newmont Mining Corp. will post $1.80 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Thursday, September 15th were given a dividend of $0.025 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.29%. Newmont Mining Corp.’s dividend payout ratio (DPR) is presently 166.69%.

In related news, EVP William N. Macgowan sold 8,135 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of C$44.95, for a total transaction of C$365,668.25. Following the completion of the transaction, the executive vice president now owns 98,779 shares in the company, valued at approximately C$4,440,116.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott P. Lawson sold 4,700 shares of the company’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of C$40.35, for a total transaction of C$189,645.00. Following the transaction, the executive vice president now owns 46,295 shares of the company’s stock, valued at approximately C$1,868,003.25. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NEM. Vanguard Group Inc. increased its stake in Newmont Mining Corp. by 2.8% in the second quarter. Vanguard Group Inc. now owns 48,215,985 shares of the company’s stock worth $1,886,209,000 after buying an additional 1,294,310 shares during the last quarter. Van ECK Associates Corp increased its stake in Newmont Mining Corp. by 42.4% in the second quarter. Van ECK Associates Corp now owns 27,440,471 shares of the company’s stock worth $1,073,471,000 after buying an additional 8,174,021 shares during the last quarter. BlackRock Group LTD increased its stake in Newmont Mining Corp. by 24.5% in the second quarter. BlackRock Group LTD now owns 26,495,175 shares of the company’s stock worth $1,036,490,000 after buying an additional 5,210,011 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Newmont Mining Corp. by 4.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 16,687,935 shares of the company’s stock worth $443,565,000 after buying an additional 729,721 shares during the last quarter. Finally, Carmignac Gestion increased its stake in Newmont Mining Corp. by 3.5% in the second quarter. Carmignac Gestion now owns 13,079,898 shares of the company’s stock worth $511,686,000 after buying an additional 436,300 shares during the last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.

About Newmont Mining Corp.

Newmont Mining Corporation is a global 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, Indonesia, Ghana and Suriname. Its segments are North America, South America, Asia Pacific and Africa.

5 Day Chart for NYSE:NEM

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