Barclays PLC upgraded shares of Newmont Mining Corp. (NYSE:NEM) from an equal weight rating to an overweight rating in a report released on Monday. The firm currently has $45.00 target price on the stock.

A number of other equities analysts have also weighed in on NEM. Zacks Investment Research upgraded shares of Newmont Mining Corp. from a strong sell rating to a hold rating in a report on Monday, July 11th. Argus reiterated a hold rating on shares of Newmont Mining Corp. in a report on Wednesday, July 27th. Vetr upgraded shares of Newmont Mining Corp. from a hold rating to a buy rating and set a $36.33 price target on the stock in a report on Tuesday, June 21st. Jefferies Group set a $42.00 price target on shares of Newmont Mining Corp. and gave the company a hold rating in a report on Thursday, July 21st. Finally, BMO Capital Markets reiterated an outperform rating and issued a $45.00 price target on shares of Newmont Mining Corp. in a report on Tuesday, July 5th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of C$37.47.

Newmont Mining Corp. (NYSE:NEM) traded up 1.06% on Monday, reaching $35.40. The company had a trading volume of 538,065 shares. The stock has a market capitalization of $18.78 billion, a PE ratio of 478.38 and a beta of 0.25. Newmont Mining Corp. has a 52-week low of $16.05 and a 52-week high of $46.07. The stock has a 50 day moving average price of $38.08 and a 200 day moving average price of $37.08.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.29%. Newmont Mining Corp.’s dividend payout ratio is currently 166.69%.

In other Newmont Mining Corp. news, EVP Stephen P. Gottesfeld sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of C$41.59, for a total value of C$415,900.00. Following the transaction, the executive vice president now owns 122,857 shares in the company, valued at approximately C$5,109,622.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP William N. Macgowan sold 8,135 shares of the company’s stock in a transaction that occurred on 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 disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. United Asset Strategies Inc. raised its position in Newmont Mining Corp. by 0.5% in the second quarter. United Asset Strategies Inc. now owns 9,622 shares of the company’s stock valued at $376,000 after buying an additional 47 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Newmont Mining Corp. by 2.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 13,394 shares of the company’s stock valued at $472,000 after buying an additional 284 shares in the last quarter. Globeflex Capital L P raised its position in Newmont Mining Corp. by 1.2% in the second quarter. Globeflex Capital L P now owns 34,243 shares of the company’s stock valued at $1,340,000 after buying an additional 411 shares in the last quarter. World Asset Management Inc raised its position in Newmont Mining Corp. by 0.8% in the second quarter. World Asset Management Inc now owns 56,171 shares of the company’s stock valued at $2,197,000 after buying an additional 470 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in Newmont Mining Corp. by 6.5% in the second quarter. Ameritas Investment Partners Inc. now owns 10,488 shares of the company’s stock valued at $410,000 after buying an additional 641 shares in the last quarter. Hedge funds and other institutional investors own 79.78% of the company’s stock.

Newmont Mining Corp. Company Profile

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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