Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Newmont Mining (NEM) Stock Price
News headlines about Newmont Mining (NYSE:NEM) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Newmont Mining earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 46.6604865876915 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Newmont Mining (NEM) Lifted to Buy at ValuEngine (americanbankingnews.com)
- Scotiabank Reaffirms Buy Rating for Newmont Mining (NEM) (americanbankingnews.com)
- Newmont Mining Corp (NEM) Shares Bought by Commerce Bank (americanbankingnews.com)
- Calamos Advisors LLC Cuts Holdings in Newmont Mining Corp (NEM) (americanbankingnews.com)
- $1.89 Billion in Sales Expected for Newmont Mining Corp (NEM) This Quarter (americanbankingnews.com)
Shares of Newmont Mining (NYSE:NEM) traded down $0.20 during trading on Friday, reaching $37.93. The company’s stock had a trading volume of 5,200,000 shares, compared to its average volume of 6,110,000. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.63 and a quick ratio of 3.14. The stock has a market capitalization of $20,230.00, a price-to-earnings ratio of 31.61 and a beta of 0.29. Newmont Mining has a fifty-two week low of $31.42 and a fifty-two week high of $42.04.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $0.56 annualized dividend and a yield of 1.48%. This is a positive change from Newmont Mining’s previous quarterly dividend of $0.08. Newmont Mining’s dividend payout ratio (DPR) is currently 25.00%.
Several research analysts have recently issued reports on NEM shares. Citigroup raised their target price on shares of Newmont Mining from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday. Scotiabank reaffirmed a “buy” rating and issued a $49.00 price target on shares of Newmont Mining in a research note on Thursday. Zacks Investment Research raised Newmont Mining from a “hold” rating to a “strong-buy” rating and set a $43.00 price target for the company in a research note on Tuesday, December 5th. TheStreet lowered Newmont Mining from a “b-” rating to a “c” rating in a research note on Friday, November 17th. Finally, B. Riley raised their price target on Newmont Mining from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. Newmont Mining presently has a consensus rating of “Hold” and an average price target of $42.40.
In other Newmont Mining news, EVP Elaine J. Dorward-King sold 10,250 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $36.48, for a total transaction of $373,920.00. Following the completion of the transaction, the executive vice president now owns 71,864 shares of the company’s stock, valued at $2,621,598.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Thomas Ronald Palmer sold 1,250 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $37.89, for a total value of $47,362.50. The disclosure for this sale can be found here. Insiders have sold 25,450 shares of company stock valued at $967,601 in the last three months. Insiders own 0.32% of the company’s stock.
Newmont Mining 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.
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