Newmont Mining Corporation (NYSE:NEM) – Analysts at FBR & Co lifted their Q4 2017 earnings estimates for shares of Newmont Mining Corporation in a research note issued to investors on Tuesday. FBR & Co analyst L. Pipes now forecasts that the basic materials company will post earnings per share of $0.38 for the quarter, up from their previous estimate of $0.28. FBR & Co has a “Hold” rating and a $40.00 price target on the stock. FBR & Co also issued estimates for Newmont Mining Corporation’s Q1 2018 earnings at $0.23 EPS, Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.24 EPS and FY2018 earnings at $0.94 EPS.

Newmont Mining Corporation (NYSE:NEM) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Newmont Mining Corporation had a return on equity of 6.20% and a net margin of 1.18%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share.

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Other research analysts have also issued reports about the stock. BidaskClub upgraded shares of Newmont Mining Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $40.00 price objective on shares of Newmont Mining Corporation in a research note on Tuesday, July 18th. TD Securities lifted their price objective on shares of Newmont Mining Corporation from $36.00 to $50.00 and gave the company a “hold” rating in a research note on Wednesday, July 26th. Zacks Investment Research upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Monday, July 31st. Finally, BMO Capital Markets set a $40.00 price objective on shares of Newmont Mining Corporation and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Newmont Mining Corporation has a consensus rating of “Buy” and a consensus target price of $40.65.

Institutional investors have recently bought and sold shares of the business. Deane Retirement Strategies Inc. bought a new stake in Newmont Mining Corporation in the third quarter worth $1,513,000. MUFG Securities EMEA plc bought a new stake in Newmont Mining Corporation in the second quarter worth $12,341,000. Shell Asset Management Co. lifted its stake in Newmont Mining Corporation by 173.1% in the third quarter. Shell Asset Management Co. now owns 793,199 shares of the basic materials company’s stock worth $18,283,000 after purchasing an additional 502,784 shares during the last quarter. Boyer & Corporon Wealth Management LLC lifted its stake in Newmont Mining Corporation by 9.4% in the second quarter. Boyer & Corporon Wealth Management LLC now owns 116,703 shares of the basic materials company’s stock worth $3,780,000 after purchasing an additional 10,048 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in Newmont Mining Corporation by 9.6% in the second quarter. Neuberger Berman Group LLC now owns 2,281,035 shares of the basic materials company’s stock worth $73,883,000 after purchasing an additional 200,466 shares during the last quarter. 80.00% of the stock is owned by institutional investors and hedge funds.

In other Newmont Mining Corporation news, COO Thomas Ronald Palmer sold 1,250 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $38.60, for a total value of $48,250.00. Following the completion of the sale, the chief operating officer now directly owns 89,362 shares of the company’s stock, valued at $3,449,373.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Elaine J. Dorward-King sold 10,250 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $38.27, for a total transaction of $392,267.50. Following the completion of the sale, the executive vice president now directly owns 82,114 shares of the company’s stock, valued at $3,142,502.78. The disclosure for this sale can be found here. Insiders have sold a total of 19,750 shares of company stock valued at $752,405 over the last ninety days. 0.32% of the stock is currently owned by insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 8th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date of this dividend is Thursday, December 7th. Newmont Mining Corporation’s dividend payout ratio is currently 200.00%.

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.

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

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