Newmont Mining Corporation (NEM) Receiving Somewhat Positive News Coverage, Study Shows
News stories about Newmont Mining Corporation (NYSE:NEM) have been trending somewhat positive on Friday, according to AlphaOne Sentiment. The research firm, a unit of Accern, ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Newmont Mining Corporation earned a news sentiment score of 0.13 on AlphaOne’s scale. AlphaOne also assigned news articles about the basic materials company an impact score of 74 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted AlphaOne Sentiment Analysis’s rankings:
- Newmont Mining Corp. – Value Analysis (NYSE:NEM) : June 16, 2017 (finance.yahoo.com)
- Armor Investment Advisors LLC Has $283000 Position in Newmont Mining Corporation (NEM) (leisuretravelaid.com)
- The KBC Group NV Buys 3679 Shares of Newmont Mining Corp (NEM) (badhub.net)
- Newmont Mining Corp. breached its 50 day moving average in a Bearish Manner : NEM-US : June 15, 2017 (finance.yahoo.com)
- Raymond James Financial, Inc. Begins Coverage on Newmont Mining Corporation (NEM) (americanbankingnews.com)
A number of research analysts recently commented on NEM shares. Vetr upgraded shares of Newmont Mining Corporation from a “buy” rating to a “strong-buy” rating and set a $40.38 price target on the stock in a research note on Wednesday, February 22nd. FBR & Co restated a “hold” rating on shares of Newmont Mining Corporation in a research report on Thursday, February 23rd. Jefferies Group LLC set a $34.00 target price on shares of Newmont Mining Corporation and gave the stock a “hold” rating in a research report on Wednesday, February 22nd. Credit Suisse Group set a $47.00 price target on shares of Newmont Mining Corporation and gave the stock a “buy” rating in a research report on Saturday, March 4th. Finally, Barclays PLC reduced their price target on shares of Newmont Mining Corporation from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, March 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Newmont Mining Corporation currently has an average rating of “Buy” and an average price target of $42.62.
Shares of Newmont Mining Corporation (NYSE:NEM) traded down 0.61% during mid-day trading on Friday, reaching $32.84. 7,180,921 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $33.66 and its 200-day moving average price is $34.13. The stock’s market cap is $17.51 billion. Newmont Mining Corporation has a 12-month low of $30.19 and a 12-month high of $46.07.
Newmont Mining Corporation (NYSE:NEM) last announced its earnings results on Monday, April 24th. The basic materials company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.03. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.73 billion. Newmont Mining Corporation had a negative net margin of 8.70% and a positive return on equity of 6.24%. The firm’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. Equities research analysts forecast that Newmont Mining Corporation will post $1.12 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 8th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, June 6th. This represents a $0.20 dividend on an annualized basis and a yield of 0.61%. Newmont Mining Corporation’s dividend payout ratio is presently -16.81%.
In other Newmont Mining Corporation news, insider Gary J. Goldberg sold 1,000 shares of the business’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $33.05, for a total value of $33,050.00. Following the completion of the transaction, the insider now directly owns 334,730 shares in the company, valued at $11,062,826.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP E Randall Engel sold 5,700 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $35.00, for a total transaction of $199,500.00. Following the completion of the transaction, the executive vice president now owns 256,800 shares of the company’s stock, valued at $8,988,000. The disclosure for this sale can be found here. Insiders sold 9,200 shares of company stock valued at $316,770 over the last quarter. 0.32% of the stock is currently owned by corporate insiders.
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About Newmont Mining Corporation
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.
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