BMO Capital Markets reiterated their buy rating on shares of Newmont Mining (NYSE:NEM) in a research note released on Wednesday morning. The brokerage currently has a $43.00 target price on the basic materials company’s stock.

NEM has been the subject of several other research reports. FBR & Co set a $40.00 price target on shares of Newmont Mining and gave the company a hold rating in a research report on Tuesday, October 31st. Royal Bank of Canada reaffirmed a hold rating and set a $43.00 price target on shares of Newmont Mining in a research report on Tuesday, December 5th. Zacks Investment Research lowered shares of Newmont Mining from a buy rating to a hold rating in a research report on Tuesday, November 14th. TheStreet raised shares of Newmont Mining from a c+ rating to a b rating in a research report on Wednesday, October 11th. Finally, TD Securities set a $42.00 price target on shares of Newmont Mining and gave the company a hold rating in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of Buy and an average target price of $42.60.

Newmont Mining (NEM) traded up $0.26 during midday trading on Wednesday, hitting $36.61. 2,814,000 shares of the stock traded hands, compared to its average volume of 5,429,233. Newmont Mining has a 12-month low of $31.24 and a 12-month high of $39.63. The stock has a market cap of $19,386.78, a price-to-earnings ratio of 26.15 and a beta of 0.10. The company has a quick ratio of 3.58, a current ratio of 4.18 and a debt-to-equity ratio of 0.33.

Newmont Mining (NYSE:NEM) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. Newmont Mining had a net margin of 1.18% and a return on equity of 6.20%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. analysts forecast that Newmont Mining will post 1.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 8th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.82%. Newmont Mining’s dividend payout ratio (DPR) is presently 200.00%.

In related news, COO Thomas Ronald Palmer sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $37.35, for a total transaction of $46,687.50. Following the completion of the transaction, the chief operating officer now directly owns 88,112 shares in the company, valued at approximately $3,290,983.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gary J. Goldberg sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $36.44, for a total value of $36,440.00. Following the transaction, the chief executive officer now owns 334,730 shares of the company’s stock, valued at $12,197,561.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,450 shares of company stock valued at $646,191. 0.32% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Sun Life Financial INC boosted its stake in Newmont Mining by 43,144.4% in the 2nd quarter. Sun Life Financial INC now owns 3,892 shares of the basic materials company’s stock worth $126,000 after purchasing an additional 3,883 shares during the period. Tiedemann Wealth Management LLC boosted its stake in Newmont Mining by 66.5% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 14,862 shares of the basic materials company’s stock worth $170,000 after purchasing an additional 5,938 shares during the period. Parametrica Management Ltd bought a new position in Newmont Mining in the 3rd quarter worth approximately $222,000. Timber Hill LLC bought a new position in Newmont Mining in the 3rd quarter worth approximately $260,000. Finally, Veritable L.P. boosted its stake in Newmont Mining by 4.6% in the 2nd quarter. Veritable L.P. now owns 8,473 shares of the basic materials company’s stock worth $274,000 after purchasing an additional 370 shares during the period. Institutional investors own 81.85% of the company’s stock.

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About Newmont Mining

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.

Analyst Recommendations for Newmont Mining (NYSE:NEM)

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