Several other research analysts have also recently weighed in on NEM. The rating firm gave a Buy rating to this stock in a research note on Aug 2, 2016.Jefferies analysts issued their verdict on Newmont Mining Corp (NYSE:NEM) recently.
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During the last trading session, the stock’s price changed +5.10% above its 200 day moving average of $75.06 and moving +0.26% upbeat it’s SMA 50 of $78.68. They noted that the move was a valuation call. The 52 week high Newmont Mining Corporation’s shares have reached is 44.24 whilst the 52 week low for the company’s shares is 15.39.
According to CNN Money data, the current consensus among 20 polled investment analysts is to hold stock in Newmont Mining Corp. Newmont Mining Corporation NEM measures an EPS growth for 2017 at a rate of 10.96% that consequently shows an EPS growth of -39.50% for the past five years, and an EPS growth of 16.99% for the following five years. The company presently has an average rating of “Buy” and an average price target of C$35.05. (NYSE:NEM) opened at 44.16 on Tuesday. This appreciation has taken its market cap to $23.43B and a price-to-earnings ratio to 596.76. The stock, which fluctuated between $53.11 and $55.14 during the day, now situated -15.14% below its 52 week high.
Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. Analyst recommendation for this stock stands at 2.50. The company’s revenue was up 6.8% compared to the same quarter past year.
Newmont Mining Corporation has 530,594,000 shares which are now outstanding with shareholders and have a price of 44.16 bringing Newmont Mining Corporation’s market capitalisation to 23.43B United States dollars. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.025 per share.
While taking an overview of recommendation trends, the stock now has an average brokerage recommendation of 2.42. Newmont Mining Corp makes up approx 1.23% of James Investment Research Inc’s portfolio. “7” brokerage firms have rated the company as a “Hold”. Finally, Gulf International Bank UK Ltd boosted its position in Newmont Mining Corp.by 5.0% in the fourth quarter. Ltd. now owns 832,267 shares of the company’s stock worth $14,789,000 after buying an additional 60,177 shares in the last quarter.
Hussman Strategic Advisors reduced its stake in Newmont Mining Corp by 51.35% during the most recent quarter end. The Hedge Fund company now holds 1,192,530 shares of NEM which is valued at $49,645,024. Finally, I.G. Investment Management LTD. increased its stake in shares of Newmont Mining Corp.by 84.1% in the fourth quarter. Engel E Randall offloaded 8,700 shares in the company at a per-share price of $42.55 and ended up generating $370,190 in proceeds. The stock was sold at an average price of C$40.35, for a total transaction of C$189,645.00.
The mean price target for the shares of company is at $46.05 while the highest price target suggested by the analysts is $57.00 and low price target is $38.00. The disclosure for this sale can be found here.
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Newmont Mining Corporation (NYSE:NEM) Gold prevailing Dividend Yield is 0.22% that has a Payout Ratio of 129.80%. The Company is primarily a gold producer with operations and/or assets in the United States Australia Peru Indonesia Ghana New Zealand and Suriname.
