Newmont Mining Corp. (NYSE:NEM) has received a consensus rating of “Buy” from the twenty-one ratings firms that are covering the stock. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$42.07.

Several analysts recently commented on NEM shares. Zacks Investment Research downgraded shares of Newmont Mining Corp. from a “strong-buy” rating to a “hold” rating in a report on Monday, October 3rd. Vetr raised shares of Newmont Mining Corp. from a “buy” rating to a “strong-buy” rating and set a $47.47 target price for the company in a report on Wednesday, August 24th. Barclays PLC raised shares of Newmont Mining Corp. from an “equal weight” rating to an “overweight” rating and set a $45.00 target price for the company in a report on Monday, October 17th. Mackie raised shares of Newmont Mining Corp. from a “hold” rating to a “buy” rating in a report on Monday, October 31st. Finally, FBR & Co boosted their price objective on shares of Newmont Mining Corp. from $31.00 to $39.00 and gave the company a “market perform” rating in a report on Wednesday, July 20th.

In other news, EVP Scott P. Lawson sold 1,500 shares of the company’s stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of C$35.99, for a total value of C$53,985.00. Following the sale, the executive vice president now directly owns 44,795 shares of the company’s stock, valued at approximately C$1,612,172.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP William N. Macgowan sold 2,006 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of C$37.53, for a total transaction of C$75,285.18. Following the completion of the sale, the executive vice president now directly owns 96,773 shares in the company, valued at C$3,631,890.69. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised 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 in the last quarter. Van ECK Associates Corp raised 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 in the last quarter. BlackRock Group LTD raised 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 in the last quarter. Carmignac Gestion raised its stake in Newmont Mining Corp. by 3.0% in the third quarter. Carmignac Gestion now owns 13,476,198 shares of the company’s stock worth $529,480,000 after buying an additional 396,300 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Newmont Mining Corp. by 2.2% in the third quarter. Northern Trust Corp now owns 7,559,089 shares of the company’s stock worth $296,997,000 after buying an additional 162,388 shares in the last quarter. 80.62% of the stock is currently owned by institutional investors.

Shares of Newmont Mining Corp. (NYSE:NEM) opened at 33.91 on Friday. The firm’s 50-day moving average is $36.26 and its 200-day moving average is $37.89. Newmont Mining Corp. has a 12-month low of $16.05 and a 12-month high of $46.07. The company’s market capitalization is $18.00 billion.

Newmont Mining Corp. (NYSE:NEM) last announced its earnings results on Wednesday, October 26th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.50 by $0.12. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.02 billion. Newmont Mining Corp. had a positive return on equity of 4.94% and a negative net margin of 6.99%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 EPS. On average, equities research analysts anticipate that Newmont Mining Corp. will post $1.71 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Thursday, December 8th will be given a $0.05 dividend. This is a boost from Newmont Mining Corp.’s previous quarterly dividend of $0.03. This represents a $0.20 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, December 6th. Newmont Mining Corp.’s dividend payout ratio is -9.71%.

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

Receive News & Stock Ratings for Newmont Mining Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont Mining Corp. and related stocks with our FREE daily email newsletter.