Several analysts have recently updated their ratings and price targets for Newmont Mining Corporation (NYSE: NEM):

  • 8/10/2017 – Newmont Mining Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/4/2017 – Newmont Mining Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Newmont’s revenues and adjusted earnings for second-quarter 2017 beat the respective Zacks Consensus Estimate. The company saw higher gold production in the quarter.  Newmont’s shares have outperformed the industry it belongs to in the past three months. Newmont continues to invest in growth projects that are expected to boost its production performance. It also remains committed to de-lever its balance sheet. Moreover, the acquisition of CC&V represents a significant opportunity for the company.  Improved operational efficiency is also allowing it to generate positive free cash flow.  However, Newmont is exposed to a volatile gold price environment. Oversupply in the market also poses a threat on copper prices. The company's falling gold reserve base is another concern. “
  • 8/3/2017 – Newmont Mining Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/31/2017 – Newmont Mining Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $41.00 price target on the stock. According to Zacks, “Newmont’s revenues and adjusted earnings for second-quarter 2017 beat the respective Zacks Consensus Estimate. The company saw higher gold production in the quarter.  Newmont’s shares have outperformed the industry it belongs to in the past six months. Newmont continues to invest in growth projects that are expected to boost its production performance. It also remains committed to de-lever its balance sheet. Moreover, the acquisition of CC&V represents a significant opportunity for the company.  Improved operational efficiency is also allowing it to generate positive free cash flow.”
  • 7/27/2017 – Newmont Mining Corporation was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $43.00 price target on the stock.
  • 7/26/2017 – Newmont Mining Corporation had its price target raised by analysts at Scotiabank from $43.50 to $55.00. They now have an “outperform” rating on the stock.
  • 7/26/2017 – Newmont Mining Corporation had its price target raised by analysts at TD Securities from $36.00 to $50.00. They now have a “hold” rating on the stock.
  • 7/18/2017 – Newmont Mining Corporation had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $40.00 price target on the stock.
  • 7/18/2017 – Newmont Mining Corporation was given a new $45.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 7/14/2017 – Newmont Mining Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $35.00 price target on the stock, down previously from $37.00.
  • 7/10/2017 – Newmont Mining Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Annual estimates for Newmont are going down of late. Newmont is exposed to a volatile gold price environment. Higher projected unit costs for 2017 and the company's falling gold reserve base are other concerns. Oversupply in the market also poses a threat on copper prices.”
  • 7/5/2017 – Newmont Mining Corporation was upgraded by analysts at Scotiabank from a “sector perform” rating to an “outperform” rating. They now have a $43.50 price target on the stock, up previously from $43.00.
  • 6/25/2017 – Newmont Mining Corporation had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $42.00 price target on the stock, down previously from $44.00.
  • 6/17/2017 – Newmont Mining Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/15/2017 – Newmont Mining Corporation is now covered by analysts at Raymond James Financial, Inc.. They set an “outperform” rating and a $43.00 price target on the stock.
  • 6/14/2017 – Newmont Mining Corporation had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $47.00 price target on the stock.
  • 6/12/2017 – Newmont Mining Corporation was given a new $40.00 price target on by analysts at Royal Bank Of Canada. They now have a “hold” rating on the stock.

Shares of Newmont Mining Corporation (NYSE:NEM) traded up 0.25% during mid-day trading on Friday, reaching $36.53. The company had a trading volume of 1,899,686 shares. Newmont Mining Corporation has a 1-year low of $30.19 and a 1-year high of $46.07. The company’s market capitalization is $19.48 billion. The stock’s 50-day moving average price is $34.40 and its 200 day moving average price is $34.31.

Newmont Mining Corporation (NYSE:NEM) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.20. Newmont Mining Corporation had a positive return on equity of 6.67% and a negative net margin of 6.73%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the business earned $0.44 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. Equities analysts expect that Newmont Mining Corporation will post $1.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.82%. 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. Newmont Mining Corporation’s dividend payout ratio is -22.22%.

In other news, EVP Scott P. Lawson sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $32.79, for a total value of $163,950.00. Following the transaction, the executive vice president now owns 56,696 shares of the company’s stock, valued at approximately $1,859,061.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP E Randall Engel sold 5,700 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $35.00, for a total value of $199,500.00. Following the completion of the transaction, the executive vice president now directly owns 256,800 shares in the company, valued at approximately $8,988,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,907 shares of company stock worth $803,461. Corporate insiders own 0.32% of the company’s stock.

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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