Jefferies Group LLC restated their hold rating on shares of Newmont Mining Corporation (NYSE:NEM) in a research report sent to investors on Friday. The firm currently has a $35.00 price target on the basic materials company’s stock, down from their previous price target of $37.00.

Several other brokerages have also recently commented on NEM. Credit Suisse Group reissued a buy rating and issued a $47.00 price target on shares of Newmont Mining Corporation in a research report on Wednesday, June 14th. Royal Bank Of Canada set a $40.00 price target on shares of Newmont Mining Corporation and gave the company a hold rating in a research report on Monday, June 12th. Deutsche Bank AG reissued a buy rating and issued a $42.00 price target (down previously from $44.00) on shares of Newmont Mining Corporation in a research report on Sunday, June 25th. Raymond James Financial, Inc. began coverage on shares of Newmont Mining Corporation in a research report on Thursday, June 15th. They issued an outperform rating and a $43.00 price target for the company. Finally, Scotiabank reissued a sector perform rating and issued a $58.00 price target on shares of Newmont Mining Corporation in a research report on Tuesday, April 25th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Newmont Mining Corporation has a consensus rating of Hold and an average target price of $41.15.

Newmont Mining Corporation (NYSE:NEM) traded down 0.06% during mid-day trading on Friday, reaching $33.71. The company’s stock had a trading volume of 5,626,230 shares. The company’s 50-day moving average price is $33.74 and its 200 day moving average price is $34.13. The firm’s market capitalization is $17.98 billion. Newmont Mining Corporation has a 52 week low of $30.19 and a 52 week high of $46.07.

Newmont Mining Corporation (NYSE:NEM) last issued its quarterly earnings results on Monday, April 24th. The basic materials company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.03. Newmont Mining Corporation had a negative net margin of 8.70% and a positive return on equity of 6.24%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the company posted $0.34 EPS. The firm’s revenue was up 13.5% compared to the same quarter last year. On average, equities analysts forecast that Newmont Mining Corporation will post $1.13 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Thursday, June 22nd. Investors of record on Thursday, June 8th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 6th. This represents a $0.20 dividend on an annualized basis and a yield of 0.59%. Newmont Mining Corporation’s dividend payout ratio (DPR) is presently -16.81%.

In other Newmont Mining Corporation news, EVP E Randall Engel sold 5,700 shares of Newmont Mining Corporation stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $35.00, for a total value of $199,500.00. Following the transaction, the executive vice president now directly owns 256,800 shares in the company, valued at $8,988,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gary J. Goldberg sold 1,000 shares of Newmont Mining Corporation stock in a transaction on Monday, May 1st. The shares were sold at an average price of $33.67, for a total transaction of $33,670.00. Following the completion of the transaction, the insider now owns 334,730 shares in the company, valued at $11,270,359.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,450 shares of company stock valued at $519,220. 0.32% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in Newmont Mining Corporation during the first quarter worth approximately $118,000. WFG Advisors LP raised its position in Newmont Mining Corporation by 83.5% in the first quarter. WFG Advisors LP now owns 3,748 shares of the basic materials company’s stock worth $124,000 after buying an additional 1,706 shares in the last quarter. Acrospire Investment Management LLC raised its position in Newmont Mining Corporation by 88.5% in the first quarter. Acrospire Investment Management LLC now owns 4,900 shares of the basic materials company’s stock worth $162,000 after buying an additional 2,300 shares in the last quarter. Private Capital Advisors Inc. acquired a new position in Newmont Mining Corporation during the first quarter worth approximately $202,000. Finally, Clear Harbor Asset Management LLC acquired a new position in Newmont Mining Corporation during the first quarter worth approximately $210,000. Institutional investors own 81.71% of the company’s stock.

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.

Analyst Recommendations for Newmont Mining Corporation (NYSE:NEM)

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