Newmont Mining (NYSE:NEM) had its price target upped by investment analysts at B. Riley from $40.00 to $41.00 in a research report issued on Tuesday, February 27th. The firm currently has a “neutral” rating on the basic materials company’s stock. B. Riley’s target price indicates a potential upside of 7.27% from the stock’s previous close. B. Riley also issued estimates for Newmont Mining’s Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.21 EPS, Q1 2019 earnings at $0.27 EPS, Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.27 EPS, Q4 2019 earnings at $0.27 EPS and FY2019 earnings at $1.06 EPS.
A number of other research firms have also recently commented on NEM. Zacks Investment Research upgraded Newmont Mining from a “hold” rating to a “strong-buy” rating and set a $43.00 target price 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 report on Friday, November 17th. Bank of America lifted their target price on Newmont Mining from $46.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, February 26th. BMO Capital Markets set a $45.00 target price on Newmont Mining and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, Deutsche Bank downgraded Newmont Mining from a “buy” rating to a “hold” rating and lowered their price objective for the company from $42.00 to $40.00 in a research report on Tuesday, January 16th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.57.
Newmont Mining (NYSE NEM) opened at $38.22 on Tuesday. The company has a quick ratio of 3.14, a current ratio of 3.63 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $20,390.00, a PE ratio of 31.85 and a beta of 0.29. Newmont Mining has a one year low of $31.42 and a one year high of $42.04.
In other news, EVP Stephen P. Gottesfeld sold 5,000 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $37.91, for a total transaction of $189,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gary J. Goldberg sold 1,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $37.89, for a total value of $37,890.00. Following the sale, the insider now owns 156,096 shares of the company’s stock, valued at approximately $5,914,477.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,700 shares of company stock valued at $1,242,786. 0.32% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of NEM. Nationwide Fund Advisors grew its position in shares of Newmont Mining by 4.3% during the 3rd quarter. Nationwide Fund Advisors now owns 363,349 shares of the basic materials company’s stock valued at $13,629,000 after acquiring an additional 14,861 shares during the period. First Trust Advisors LP lifted its stake in Newmont Mining by 0.9% in the 3rd quarter. First Trust Advisors LP now owns 257,659 shares of the basic materials company’s stock valued at $9,665,000 after buying an additional 2,277 shares in the last quarter. Aperio Group LLC lifted its stake in Newmont Mining by 11.7% in the 3rd quarter. Aperio Group LLC now owns 304,368 shares of the basic materials company’s stock valued at $11,417,000 after buying an additional 31,915 shares in the last quarter. Korea Investment CORP lifted its stake in Newmont Mining by 94.0% in the 3rd quarter. Korea Investment CORP now owns 33,426 shares of the basic materials company’s stock valued at $1,254,000 after buying an additional 16,200 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in Newmont Mining in the 3rd quarter valued at about $2,087,000. Hedge funds and other institutional investors own 82.31% of the company’s stock.
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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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