Newmont Mining Corporation (NYSE:NEM) – Research analysts at Jefferies Group increased their FY2017 earnings per share (EPS) estimates for Newmont Mining Corporation in a report released on Thursday. Jefferies Group analyst C. Lafemina now forecasts that the basic materials company will post earnings per share of $1.47 for the year, up from their prior estimate of $1.44. Jefferies Group currently has a “Hold” rating and a $35.00 price target on the stock.

NEM has been the subject of several other research reports. Royal Bank Of Canada set a $41.00 price target on shares of Newmont Mining Corporation and gave the company a “hold” rating in a research report on Monday, August 28th. Credit Suisse Group set a $45.00 price target on shares of Newmont Mining Corporation and gave the company a “buy” rating in a research report on Tuesday, July 18th. Zacks Investment Research upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Monday, July 31st. Scotiabank upped their price target on shares of Newmont Mining Corporation from $43.50 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. Finally, Deutsche Bank AG reiterated 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Newmont Mining Corporation has a consensus rating of “Buy” and a consensus price target of $40.96.

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Newmont Mining Corporation (NYSE NEM) opened at 38.66 on Monday. The stock’s market cap is $20.62 billion. Newmont Mining Corporation has a 12-month low of $30.19 and a 12-month high of $42.69. The firm has a 50 day moving average of $36.20 and a 200-day moving average of $34.39.

Newmont Mining Corporation (NYSE:NEM) last posted its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.20. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company posted $0.44 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders 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 represents a $0.30 dividend on an annualized basis and a yield of 0.78%. This is an increase from Newmont Mining Corporation’s previous quarterly dividend of $0.05. Newmont Mining Corporation’s dividend payout ratio is presently -22.22%.

In other news, COO Thomas Ronald Palmer sold 1,250 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $31.80, for a total value of $39,750.00. Following the completion of the transaction, the chief operating officer now owns 91,862 shares in the company, valued at approximately $2,921,211.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gary J. Goldberg sold 1,000 shares of the stock in a transaction dated 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 owns 334,730 shares of the company’s stock, valued at approximately $12,421,830.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,907 shares of company stock valued at $803,461. 0.32% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of Newmont Mining Corporation in the 1st quarter valued at about $118,000. Smith Affiliated Capital Corp. increased its holdings in shares of Newmont Mining Corporation by 8.6% in the 2nd quarter. Smith Affiliated Capital Corp. now owns 3,800 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 300 shares in the last quarter. WFG Advisors LP increased its holdings in shares of Newmont Mining Corporation by 83.5% in the 1st quarter. WFG Advisors LP now owns 3,748 shares of the basic materials company’s stock valued at $124,000 after purchasing an additional 1,706 shares in the last quarter. Sun Life Financial INC increased its holdings in shares of Newmont Mining Corporation by 43,144.4% in the 2nd quarter. Sun Life Financial INC now owns 3,892 shares of the basic materials company’s stock valued at $126,000 after purchasing an additional 3,883 shares in the last quarter. Finally, Acrospire Investment Management LLC increased its holdings in shares of Newmont Mining Corporation by 88.5% in the 1st quarter. Acrospire Investment Management LLC now owns 4,900 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 81.07% 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.

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

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