News headlines about Newmont Mining (NYSE:NEM) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Newmont Mining earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 46.0503239719023 out of 100, indicating that recent press 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 effected Accern Sentiment Analysis’s analysis:
- NANR, FCX, NEM, COP: ETF Outflow Alert – Nasdaq (nasdaq.com)
- Newmont Mining (NEM) Scheduled to Post Quarterly Earnings on Thursday (americanbankingnews.com)
- How Sensitive is Newmont’s Valuation To The Changes In The Price of Gold? (trefis.com)
- Zacks: Brokerages Expect Newmont Mining Corp (NEM) Will Announce Earnings of $0.40 Per Share (americanbankingnews.com)
- ABX vs. NEM: Which Is the Better Gold Stock Ahead of Earnings? – Nasdaq (nasdaq.com)
NEM has been the subject of several recent research reports. Deutsche Bank cut shares of Newmont Mining from a “buy” rating to a “hold” rating and reduced their target price for the company from $42.00 to $40.00 in a report on Tuesday, January 16th. TheStreet lowered shares of Newmont Mining from a “b-” rating to a “c” rating in a research report on Friday, November 17th. Zacks Investment Research raised shares of Newmont Mining 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. BMO Capital Markets reissued a “buy” rating and issued a $43.00 target price on shares of Newmont Mining in a research note on Wednesday, December 20th. Finally, TD Securities set a $42.00 price objective on shares of Newmont Mining and gave the company a “hold” rating in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $41.80.
In related news, insider Gary J. Goldberg sold 1,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $40.23, for a total value of $40,230.00. Following the completion of the transaction, the insider now owns 156,096 shares in the company, valued at approximately $6,279,742.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP E Randall Engel sold 5,700 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $40.23, for a total value of $229,311.00. Following the completion of the sale, the executive vice president now directly owns 239,700 shares of the company’s stock, valued at $9,643,131. The disclosure for this sale can be found here. In the last three months, insiders sold 27,700 shares of company stock valued at $1,050,806. Company insiders own 0.32% 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.
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