Somewhat Positive News Coverage Somewhat Unlikely to Affect Newmont Mining Corporation (NEM) Share Price
Media coverage about Newmont Mining Corporation (NYSE:NEM) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Newmont Mining Corporation earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 45.8862736315767 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s analysis:
- Newmont Mining Corporation (NEM) EVP Sells $189,250.00 in Stock (americanbankingnews.com)
- Despite Bitcoin And Trump, Gold Regains Lost Luster (finance.yahoo.com)
- Zacks Industry Outlook Highlights: Freeport-McMoRan, Newmont Mining, Golden Star Resources, Randgold Resources and Kinross Gold (finance.yahoo.com)
- How the Tasiast Phase Two Expansion Could Add Value to Kinross Gold (finance.yahoo.com)
- Newmont Mining Corporation (NEM) EVP Elaine J. Dorward-King Sells 10,250 Shares (americanbankingnews.com)
Newmont Mining Corporation (NEM) traded down 2.00% during trading on Wednesday, reaching $37.21. 6,567,696 shares of the company’s stock traded hands. Newmont Mining Corporation has a 12 month low of $30.19 and a 12 month high of $40.91. The company’s market cap is $19.84 billion. The firm’s 50 day moving average is $37.28 and its 200 day moving average is $34.58.
Newmont Mining Corporation (NYSE:NEM) last posted its earnings results on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 negative net margin of 6.73% and a positive return on equity of 6.67%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. Analysts anticipate that Newmont Mining Corporation will post $1.37 EPS for the current year.
The company 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 $0.075 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This is a positive change from Newmont Mining Corporation’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a yield of 0.81%. Newmont Mining Corporation’s dividend payout ratio (DPR) is -33.33%.
Several brokerages recently commented on NEM. Royal Bank Of Canada set a $41.00 target price on Newmont Mining Corporation and gave the stock a “hold” rating in a report on Monday, August 28th. Zacks Investment Research raised Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Monday, July 31st. Argus raised Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Thursday, July 27th. BidaskClub raised Newmont Mining Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, BMO Capital Markets set a $40.00 target price on Newmont Mining Corporation and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Newmont Mining Corporation currently has a consensus rating of “Buy” and a consensus price target of $40.96.
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In other Newmont Mining Corporation news, COO Thomas Ronald Palmer sold 1,250 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $31.80, for a total value of $39,750.00. Following the sale, the chief operating officer now directly owns 91,862 shares in the company, valued at $2,921,211.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Scott P. Lawson sold 5,000 shares of the stock in a transaction on Monday, September 25th. The stock was sold at an average price of $37.85, for a total transaction of $189,250.00. Following the completion of the sale, the executive vice president now owns 51,696 shares in the company, valued at $1,956,693.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,707 shares of company stock worth $1,108,378. Company insiders own 0.32% of the company’s stock.
Newmont Mining Corporation Company Profile
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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