Newmont Mining Corporation (NYSE:NEM) – Equities research analysts at Jefferies Group boosted their FY2017 EPS estimates for Newmont Mining Corporation in a report issued on Thursday. Jefferies Group analyst C. Lafemina now forecasts that the basic materials company will post earnings of $1.57 per share for the year, up from their previous forecast of $1.53. Jefferies Group has a “Hold” rating and a $35.00 price objective on the stock. Jefferies Group also issued estimates for Newmont Mining Corporation’s FY2018 earnings at $1.33 EPS, FY2019 earnings at $1.80 EPS and FY2020 earnings at $2.09 EPS.

A number of other research firms have also recently issued reports on NEM. TheStreet raised Newmont Mining Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, October 11th. Zacks Investment Research raised Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, October 18th. Royal Bank Of Canada set a $41.00 target price on Newmont Mining Corporation and gave the company a “hold” rating in a research note on Monday, August 28th. TD Securities set a $42.00 target price on Newmont Mining Corporation and gave the company a “hold” rating in a research note on Thursday, October 19th. Finally, Argus raised Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $40.65.

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Newmont Mining Corporation (NYSE:NEM) opened at 36.16 on Monday. The company has a 50 day moving average price of $37.68 and a 200-day moving average price of $35.44. The firm’s market cap is $19.28 billion. Newmont Mining Corporation has a 52-week low of $30.19 and a 52-week high of $39.62.

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

Institutional investors have recently bought and sold shares of the company. Smith Affiliated Capital Corp. grew its position in shares of Newmont Mining Corporation by 8.6% in the second quarter. Smith Affiliated Capital Corp. now owns 3,800 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 300 shares during the last quarter. Sun Life Financial INC grew its position in shares of Newmont Mining Corporation by 43,144.4% in the second quarter. Sun Life Financial INC now owns 3,892 shares of the basic materials company’s stock valued at $126,000 after purchasing an additional 3,883 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of Newmont Mining Corporation in the third quarter valued at approximately $222,000. Banced Corp grew its position in shares of Newmont Mining Corporation by 15.3% in the second quarter. Banced Corp now owns 8,473 shares of the basic materials company’s stock valued at $274,000 after purchasing an additional 1,126 shares during the last quarter. Finally, Veritable L.P. grew its position in shares of Newmont Mining Corporation by 4.6% in the second quarter. Veritable L.P. now owns 8,473 shares of the basic materials company’s stock valued at $274,000 after purchasing an additional 370 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors.

In other news, COO Thomas Ronald Palmer sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $38.60, for a total value of $48,250.00. Following the transaction, the chief operating officer now owns 89,362 shares of the company’s stock, valued at $3,449,373.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Elaine J. Dorward-King sold 10,250 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $38.27, for a total value of $392,267.50. Following the completion of the transaction, the executive vice president now directly owns 82,114 shares in the company, valued at approximately $3,142,502.78. The disclosure for this sale can be found here. Insiders sold 19,750 shares of company stock worth $752,405 in the last 90 days. Corporate insiders own 0.32% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 8th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.30 annualized dividend and a yield of 0.83%. Newmont Mining Corporation’s dividend payout ratio is 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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