Wall Street analysts forecast that Newmont Mining Corporation (NYSE:NEM) will announce $0.27 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Newmont Mining Corporation’s earnings, with estimates ranging from $0.22 to $0.39. Newmont Mining Corporation reported earnings per share of $0.44 during the same quarter last year, which indicates a negative year-over-year growth rate of 38.6%. The business is scheduled to issue its next earnings report before the market opens on Tuesday, July 25th.

According to Zacks, analysts expect that Newmont Mining Corporation will report full year earnings of $1.05 per share for the current financial year, with EPS estimates ranging from $0.75 to $1.37. For the next fiscal year, analysts anticipate that the business will post earnings of $1.08 per share, with EPS estimates ranging from $0.47 to $1.66. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Newmont Mining Corporation.

Newmont Mining Corporation (NYSE:NEM) last announced its quarterly earnings results on Monday, April 24th. The basic materials company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.73 billion. Newmont Mining Corporation had a negative net margin of 8.70% and a positive return on equity of 6.24%. Newmont Mining Corporation’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS.

Several brokerages have weighed in on NEM. BMO Capital Markets upped their target price on Newmont Mining Corporation to $54.00 and gave the stock a “buy” rating in a report on Thursday, May 11th. Royal Bank Of Canada set a $40.00 target price on Newmont Mining Corporation and gave the stock a “hold” rating in a report on Monday, June 12th. Jefferies Group LLC set a $37.00 target price on Newmont Mining Corporation and gave the stock a “hold” rating in a report on Friday, May 19th. TD Securities reiterated a “hold” rating and issued a $48.50 target price on shares of Newmont Mining Corporation in a report on Tuesday, April 25th. Finally, Raymond James Financial, Inc. began coverage on Newmont Mining Corporation in a report on Thursday, June 15th. They issued an “outperform” rating and a $43.00 target price for the company. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Newmont Mining Corporation currently has a consensus rating of “Hold” and a consensus target price of $41.28.

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Shares of Newmont Mining Corporation (NYSE:NEM) traded up 0.67% during mid-day trading on Wednesday, reaching $33.17. 3,979,512 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $33.74 and a 200 day moving average of $34.13. The firm’s market capitalization is $17.69 billion. Newmont Mining Corporation has a one year low of $30.19 and a one year high of $46.07.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 22nd. Shareholders of record on Thursday, June 8th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 6th. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. Newmont Mining Corporation’s dividend payout ratio is currently -16.81%.

In other Newmont Mining Corporation news, EVP Scott P. Lawson sold 1,500 shares of the stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $33.70, for a total transaction of $50,550.00. Following the transaction, the executive vice president now owns 61,696 shares in the company, valued at $2,079,155.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Thomas Ronald Palmer sold 1,250 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $31.80, for a total value of $39,750.00. Following the transaction, the chief operating officer now owns 91,862 shares in the company, valued at approximately $2,921,211.60. The disclosure for this sale can be found here. Insiders have sold 15,450 shares of company stock worth $519,220 in the last quarter. 0.32% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the company. Bank of Montreal Can increased its position in shares of Newmont Mining Corporation by 34.2% in the first quarter. Bank of Montreal Can now owns 1,985,044 shares of the basic materials company’s stock worth $65,427,000 after buying an additional 506,249 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Newmont Mining Corporation by 114.0% in the first quarter. Nisa Investment Advisors LLC now owns 181,687 shares of the basic materials company’s stock worth $5,988,000 after buying an additional 96,768 shares in the last quarter. Sprott Inc. increased its position in shares of Newmont Mining Corporation by 32.9% in the first quarter. Sprott Inc. now owns 533,078 shares of the basic materials company’s stock worth $17,570,000 after buying an additional 131,897 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Newmont Mining Corporation by 23.8% in the first quarter. Envestnet Asset Management Inc. now owns 67,558 shares of the basic materials company’s stock worth $2,228,000 after buying an additional 12,979 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Newmont Mining Corporation by 3.3% in the first quarter. Vanguard Group Inc. now owns 52,924,916 shares of the basic materials company’s stock valued at $1,744,405,000 after buying an additional 1,671,897 shares during the period. Institutional investors own 81.55% 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.

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Earnings History and Estimates for Newmont Mining Corporation (NYSE:NEM)

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