Wall Street brokerages expect Newmont Mining Corp (NYSE:NEM) to report earnings per share (EPS) of $0.22 for the current quarter, according to Zacks. Three analysts have made estimates for Newmont Mining’s earnings, with estimates ranging from $0.12 to $0.27. Newmont Mining reported earnings of $0.35 per share during the same quarter last year, which would suggest a negative year over year growth rate of 37.1%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, October 25th.

On average, analysts expect that Newmont Mining will report full year earnings of $1.14 per share for the current fiscal year, with EPS estimates ranging from $0.97 to $1.36. For the next financial year, analysts expect that the firm will report earnings of $1.33 per share, with EPS estimates ranging from $1.04 to $1.87. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Newmont Mining.

Newmont Mining (NYSE:NEM) last released its quarterly earnings data on Thursday, July 26th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Newmont Mining had a net margin of 2.23% and a return on equity of 6.17%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the business earned $0.46 earnings per share. The business’s quarterly revenue was down 11.4% compared to the same quarter last year.

Several equities research analysts have recently issued reports on the stock. Deutsche Bank set a $37.00 price objective on shares of Newmont Mining and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. ValuEngine raised shares of Newmont Mining from a “hold” rating to a “buy” rating in a research report on Friday, June 29th. Canaccord Genuity set a $40.00 price objective on shares of Newmont Mining and gave the stock a “hold” rating in a research report on Tuesday, July 24th. Barclays assumed coverage on shares of Newmont Mining in a research report on Wednesday, October 10th. They issued an “overweight” rating and a $34.00 price objective for the company. Finally, BMO Capital Markets reissued a “buy” rating and issued a $46.00 price objective on shares of Newmont Mining in a research report on Friday, September 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $40.86.

Shares of Newmont Mining stock traded down $0.19 during trading hours on Friday, hitting $32.10. The company’s stock had a trading volume of 563,844 shares, compared to its average volume of 5,149,904. Newmont Mining has a 1-year low of $29.16 and a 1-year high of $42.04. The firm has a market capitalization of $16.11 billion, a P/E ratio of 21.92 and a beta of 0.24. The company has a quick ratio of 3.95, a current ratio of 4.60 and a debt-to-equity ratio of 0.35.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 27th. Stockholders of record on Thursday, September 13th were paid a $0.14 dividend. The ex-dividend date was Wednesday, September 12th. This represents a $0.56 annualized dividend and a dividend yield of 1.74%. Newmont Mining’s dividend payout ratio (DPR) is presently 38.36%.

In other news, COO Thomas Ronald Palmer sold 1,250 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $30.20, for a total value of $37,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Nancy Buese sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $36.45, for a total transaction of $72,900.00. The disclosure for this sale can be found here. Insiders sold 20,500 shares of company stock valued at $675,763 over the last 90 days. Insiders own 0.36% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Flossbach Von Storch AG boosted its stake in Newmont Mining by 2.6% during the 2nd quarter. Flossbach Von Storch AG now owns 10,189,687 shares of the basic materials company’s stock valued at $384,253,000 after acquiring an additional 258,789 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Newmont Mining by 5.6% during the second quarter. Northern Trust Corp now owns 8,472,011 shares of the basic materials company’s stock worth $319,480,000 after purchasing an additional 448,415 shares during the period. FMR LLC raised its holdings in shares of Newmont Mining by 54.1% during the second quarter. FMR LLC now owns 7,404,467 shares of the basic materials company’s stock worth $279,222,000 after purchasing an additional 2,598,995 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Newmont Mining by 12.9% during the second quarter. Dimensional Fund Advisors LP now owns 5,089,539 shares of the basic materials company’s stock worth $191,885,000 after purchasing an additional 583,232 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of Newmont Mining by 6.8% during the second quarter. Janus Henderson Group PLC now owns 3,598,606 shares of the basic materials company’s stock worth $135,716,000 after purchasing an additional 228,782 shares during the period. Institutional investors and hedge funds own 82.66% of the company’s stock.

Newmont Mining Company Profile

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold, copper, and silver. Its operations and/or assets are located in the United States, Australia, Peru, Ghana, and Suriname. As of February 22, 2018, the company had proven and probable gold reserves of 68.5 million ounces and an aggregate land position of approximately 23,000 square miles.

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

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