Newmont Mining Corporation (NYSE:NEM) – FBR & Co increased their Q3 2017 earnings per share estimates for Newmont Mining Corporation in a research report issued on Wednesday. FBR & Co analyst L. Pipes now expects that the basic materials company will post earnings per share of $0.28 for the quarter, up from their prior estimate of $0.24. FBR & Co also issued estimates for Newmont Mining Corporation’s Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.88 EPS and FY2019 earnings at $1.13 EPS.

Several other equities analysts have also issued reports on the company. Argus upgraded Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Thursday. TD Securities lifted their price target on Newmont Mining Corporation from $36.00 to $50.00 and gave the company a “hold” rating in a research note on Wednesday. Scotiabank lifted their price target on Newmont Mining Corporation from $43.50 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday. Credit Suisse Group set a $45.00 price target on Newmont Mining Corporation and gave the company a “buy” rating in a research note on Tuesday, July 18th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $40.00 price target on shares of Newmont Mining Corporation in a research note on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $41.91.

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Newmont Mining Corporation (NYSE NEM) opened at 36.44 on Thursday. Newmont Mining Corporation has a 1-year low of $30.19 and a 1-year high of $46.07. The firm’s market cap is $19.43 billion. The firm has a 50-day moving average price of $33.58 and a 200-day moving average price of $34.19.

Newmont Mining Corporation (NYSE:NEM) last posted its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.20. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.77 billion. Newmont Mining Corporation had a positive return on equity of 6.67% and a negative net margin of 6.73%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 earnings per share.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can raised its position in 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 valued at $65,427,000 after buying an additional 506,249 shares during the period. Nisa Investment Advisors LLC raised its position in 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 valued at $5,988,000 after buying an additional 96,768 shares during the period. Sprott Inc. raised its position in Newmont Mining Corporation by 32.9% in the first quarter. Sprott Inc. now owns 533,078 shares of the basic materials company’s stock valued at $17,570,000 after buying an additional 131,897 shares during the period. Envestnet Asset Management Inc. raised its position in 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 valued at $2,228,000 after buying an additional 12,979 shares during the period. Finally, Vanguard Group Inc. raised 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. 81.65% of the stock is owned by hedge funds and other institutional investors.

In other Newmont Mining Corporation news, insider Gary J. Goldberg sold 1,000 shares of Newmont Mining Corporation stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $31.80, for a total transaction of $31,800.00. Following the transaction, the insider now directly owns 334,730 shares of the company’s stock, valued at approximately $10,644,414. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Thomas Ronald Palmer sold 1,250 shares of Newmont Mining Corporation stock in a transaction dated 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 directly owns 91,862 shares in the company, valued at $2,921,211.60. The disclosure for this sale can be found here. Insiders have sold a total of 13,950 shares of company stock worth $468,670 over the last ninety days. Company insiders own 0.32% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This is an increase from Newmont Mining Corporation’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a yield of 0.82%. Newmont Mining Corporation’s payout ratio is presently -22.22%.

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.

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

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