Somewhat Positive Media Coverage Somewhat Unlikely to Affect Newmont Mining Corporation (NEM) Share Price
Media headlines about Newmont Mining Corporation (NYSE:NEM) have been trending somewhat positive on Tuesday, according to Accern. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Newmont Mining Corporation earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 47.0894410770181 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Kirkland Lake Gold Will Continue to Rally (finance.yahoo.com)
- Price Target Analysis Newmont Mining Corporation (NEM) (currenthollywood.com)
- Newmont Mining Corporation (NEM) EVP Sells $73436.13 in Stock (vothemes.com)
- See what the IHS Markit Score report has to say about Newmont Mining Corp. (finance.yahoo.com)
- Neuberger Berman Group LLC Adjusts Its Position in Newmont Mining Corporation (NEM) (ismboard.com)
Shares of Newmont Mining Corporation (NEM) traded down 0.69% during trading on Tuesday, reaching $35.77. The company had a trading volume of 3,870,368 shares. The company’s 50 day moving average is $34.61 and its 200-day moving average is $34.32. Newmont Mining Corporation has a 1-year low of $30.19 and a 1-year high of $44.70. The stock’s market capitalization is $19.08 billion.
Newmont Mining Corporation (NYSE:NEM) last posted its earnings results on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.20. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.77 billion. Newmont Mining Corporation had a negative net margin of 6.73% and a positive return on equity of 6.67%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. On average, equities research analysts anticipate that Newmont Mining Corporation will post $1.34 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be given a dividend of $0.075 per share. The ex-dividend date is Wednesday, September 13th. This is an increase from Newmont Mining Corporation’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a yield of 0.84%. Newmont Mining Corporation’s payout ratio is currently -22.22%.
Several equities analysts recently issued reports on NEM shares. Credit Suisse Group AG set a $45.00 price objective on Newmont Mining Corporation and gave the company a “buy” rating in a research report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $35.00 price objective (down from $37.00) on shares of Newmont Mining Corporation in a research report on Friday, July 14th. Zacks Investment Research raised Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Monday, July 31st. BMO Capital Markets reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Newmont Mining Corporation in a research report on Friday, April 21st. Finally, Scotiabank increased their price target on Newmont Mining Corporation from $43.50 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $41.73.
In related news, insider Gary J. Goldberg sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $37.11, for a total transaction of $37,110.00. Following the completion of the transaction, the insider now directly owns 334,730 shares in the company, valued at $12,421,830.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Thomas Ronald Palmer sold 1,250 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $37.11, for a total transaction of $46,387.50. Following the transaction, the chief operating officer now owns 90,612 shares of the company’s stock, valued at $3,362,611.32. The disclosure for this sale can be found here. Insiders have sold 22,907 shares of company stock valued at $803,461 over the last 90 days. 0.32% of the stock is currently owned by insiders.
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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