Shares of Newmont Mining Corp (NYSE:NEM) have been assigned a consensus recommendation of “Hold” from the eighteen brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $41.07.

A number of equities research analysts have recently weighed in on NEM shares. Barclays started coverage on Newmont Mining in a research note on Wednesday, October 10th. They issued an “overweight” rating and a $34.00 target price for the company. Citigroup lowered their target price on Newmont Mining from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, August 29th. Zacks Investment Research raised Newmont Mining from a “sell” rating to a “hold” rating in a research note on Wednesday, November 14th. Raymond James boosted their target price on Newmont Mining from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 9th. Finally, ValuEngine downgraded Newmont Mining from a “buy” rating to a “hold” rating in a report on Saturday, December 1st.

In related news, CFO Nancy Buese sold 2,000 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $30.20, for a total transaction of $60,400.00. Following the transaction, the chief financial officer now owns 86,577 shares in the company, valued at approximately $2,614,625.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary J. Goldberg sold 4,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $32.88, for a total value of $131,520.00. Following the transaction, the chief executive officer now owns 138,533 shares in the company, valued at approximately $4,554,965.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,750 shares of company stock worth $969,548. 0.36% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Newmont Mining by 1.8% during the 3rd quarter. BlackRock Inc. now owns 72,485,781 shares of the basic materials company’s stock worth $2,189,072,000 after acquiring an additional 1,288,890 shares during the period. Vanguard Group Inc grew its holdings in shares of Newmont Mining by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 57,312,640 shares of the basic materials company’s stock worth $1,730,842,000 after acquiring an additional 620,141 shares during the period. Flossbach Von Storch AG grew its holdings in shares of Newmont Mining by 32.8% during the 3rd quarter. Flossbach Von Storch AG now owns 13,529,462 shares of the basic materials company’s stock worth $408,590,000 after acquiring an additional 3,339,775 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of Newmont Mining by 22.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 11,705,007 shares of the basic materials company’s stock worth $353,491,000 after acquiring an additional 2,153,531 shares during the period. Finally, FMR LLC grew its holdings in shares of Newmont Mining by 31.9% during the 3rd quarter. FMR LLC now owns 9,763,576 shares of the basic materials company’s stock worth $294,860,000 after acquiring an additional 2,359,109 shares during the period. Hedge funds and other institutional investors own 83.91% of the company’s stock.

NYSE NEM opened at $33.31 on Monday. Newmont Mining has a 1-year low of $29.06 and a 1-year high of $42.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.70 and a quick ratio of 4.02. The stock has a market capitalization of $18.13 billion, a PE ratio of 22.82 and a beta of 0.27.

Newmont Mining (NYSE:NEM) last released its earnings results on Thursday, October 25th. The basic materials company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. Newmont Mining had a positive return on equity of 6.19% and a negative net margin of 2.63%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.80 billion. Equities research analysts forecast that Newmont Mining will post 1.22 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Thursday, December 6th will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, December 5th. This represents a $0.56 dividend on an annualized basis and a yield of 1.68%. Newmont Mining’s dividend payout ratio is presently 38.36%.

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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Analyst Recommendations for Newmont Mining (NYSE:NEM)

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