0 analysts assign “Sell” rating for the stock. NEM has registered a 50-day average of $42.74 and two hundred day moving average of $33.98.
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In other Newmont Mining Corp. news, EVP Stephen P. Gottesfeld sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 27th. 0 analysts have suggested “Sell” for the company. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%.
Previously on 8/22/2016, Zacks Investment Research released a statement about Newmont Mining Corp (NYSE:NEM) upped the target price at $0.00 that indicated a possible downside of -1.00%. Now shares have been suggested as “BUY” from “1” brokerage firms and recommended as “Strong Buy” by “2” brokerage firms. The risk here is a potentially overbought situation, but for now, the stock price is moving slightly higher and does have room to rise before it hits an overbought technical rating of five bulls. Newmont Mining Corporation grasps an EPS value of 0.16 * displaying an EPS growth of -65.90% * for this year. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.14. Alliancebernstein L.P. now owns 1,123,085 shares of the company’s stock worth $20,204,000 after buying an additional 24,570 shares during the last quarter.
The 52-week high of Newmont Mining Corporation (NYSE:NEM) was $46.07 while lowest point recorded in 52-week was $15.40. The corporation has an earnings per share (EPS) ratio of 0.16. This depreciation has taken its market cap to $21.19B and a price-to-earnings ratio to 539.59.
Out of 18 analysts covering Newmont Mining Corporation (NYSE:NEM), 8 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. The institutional ownership stake in the corporation is 71.90% while the Beta value stands at 1.50.
Newmont has strong liquidity with about $6 billion in cash, revolver capacity and marketable securities on its balance sheet and will continue to evaluate and optimize the best use of free cash flow, counting investing in profitable projects, repaying debt and returning capital to shareholders. Newmont Mining Corporation’s (NEM) is a part of Basic Materials sector and belongs to Gold industry. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock’s price, but also to a gradual increase over time. Sterne Agee CRT reissued a buy rating on shares of Newmont Mining Corp.in a research note on Monday, May 16th.
Newmont now carries a Zacks Rank #3 (Hold). 9 analysts have rated the company as a strong “Hold”.
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Newmont Mining Corporation (Newmont) is a global mining company, which is focused on the production of and exploration for gold and copper. The Firm is primarily a gold producer with activities and/or assets in the United States, Australia, Peru, Indonesia, Ghana and Suriname. The Company’s business segments include North America South America Asia Pacific and Africa.
