Newmont Mining Corp. (NYSE:NEM)‘s stock had its “buy” rating restated by equities research analysts at Citigroup Inc. in a research report issued on Monday.

A number of other analysts have also recently weighed in on NEM. Vetr raised shares of Newmont Mining Corp. from a “hold” rating to a “buy” rating and set a $36.33 target price on the stock in a research note on Tuesday, June 21st. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Newmont Mining Corp. in a research note on Monday, June 27th. BMO Capital Markets reaffirmed an “outperform” rating and set a $45.00 target price on shares of Newmont Mining Corp. in a research note on Tuesday, July 5th. Deutsche Bank AG reaffirmed a “buy” rating and set a $44.00 target price (up previously from $38.00) on shares of Newmont Mining Corp. in a research note on Wednesday, July 6th. Finally, HSBC reaffirmed a “buy” rating on shares of Newmont Mining Corp. in a research note on Thursday, July 7th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$37.47.

Analyst Recommendations for Newmont Mining Corp. (NYSE:NEM)

Shares of Newmont Mining Corp. (NYSE:NEM) opened at 36.17 on Monday. Newmont Mining Corp. has a 52-week low of $16.05 and a 52-week high of $46.07. The company has a 50 day moving average of $37.94 and a 200-day moving average of $37.14. The company has a market cap of $19.19 billion, a PE ratio of 488.78 and a beta of 0.25.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Orbis Allan Gray Ltd purchased a new stake in Newmont Mining Corp. during the first quarter valued at approximately $86,842,000. Anchor Bolt Capital LP purchased a new stake in Newmont Mining Corp. during the first quarter valued at approximately $62,435,000. Jacobs Levy Equity Management Inc. purchased a new stake in Newmont Mining Corp. during the first quarter valued at approximately $621,000. AMP Capital Investors Ltd raised its stake in Newmont Mining Corp. by 81.0% in the first quarter. AMP Capital Investors Ltd now owns 280,189 shares of the company’s stock valued at $7,495,000 after buying an additional 125,384 shares during the last quarter. Finally, Prudential PLC raised its stake in Newmont Mining Corp. by 17.6% in the first quarter. Prudential PLC now owns 2,809,660 shares of the company’s stock valued at $74,681,000 after buying an additional 419,968 shares during the last quarter. 79.78% of the stock is owned by institutional investors and hedge funds.

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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