Newmont Mining Corp. (NYSE:NEM)’s share price reached a new 52-week high on Wednesday . The company traded as high as $41.43 and last traded at $41.17, with a volume of 6,290,379 shares. The stock had previously closed at $40.38.

A number of research firms have weighed in on NEM. CIBC upped their price target on Newmont Mining Corp. from $28.50 to $34.00 in a report on Friday, April 8th. Zacks Investment Research upgraded Newmont Mining Corp. from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Tuesday, March 22nd. Vetr cut Newmont Mining Corp. from a “buy” rating to a “hold” rating and set a $36.05 target price for the company. in a research note on Tuesday, May 17th. Sterne Agee CRT reiterated a “buy” rating on shares of Newmont Mining Corp. in a research note on Monday, May 16th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $44.00 target price (up from $38.00) on shares of Newmont Mining Corp. in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$31.19.

The firm has a market capitalization of $21.73 billion and a P/E ratio of 240.94. The stock has a 50-day moving average of $35.65 and a 200-day moving average of $28.01.

Newmont Mining Corp. (NYSE:NEM) last announced its quarterly earnings data on Wednesday, April 20th. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.14. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business posted $0.46 EPS. Newmont Mining Corp.’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities analysts expect that Newmont Mining Corp. will post $1.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 23rd. Stockholders of record on Thursday, June 9th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Tuesday, June 7th.

Several hedge funds have recently made changes to their positions in NEM. Mutual of America Capital Management LLC raised its stake in shares of Newmont Mining Corp. by 0.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 59,018 shares of the company’s stock valued at $1,062,000 after buying an additional 307 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in shares of Newmont Mining Corp. by 5.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 69,933 shares of the company’s stock valued at $1,258,000 after buying an additional 3,831 shares during the last quarter. Afam Capital Inc. raised its stake in shares of Newmont Mining Corp. by 2.0% in the fourth quarter. Afam Capital Inc. now owns 70,854 shares of the company’s stock valued at $1,275,000 after buying an additional 1,376 shares during the last quarter. Twin Capital Management Inc. raised its stake in shares of Newmont Mining Corp. by 2.7% in the fourth quarter. Twin Capital Management Inc. now owns 85,770 shares of the company’s stock valued at $1,543,000 after buying an additional 2,260 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new stake in shares of Newmont Mining Corp. during the fourth quarter valued at $2,170,000.

Newmont Mining Corporation (Newmont) is a global 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, Indonesia, Ghana, New Zealand and Suriname. The Company’s business segments include North America, South America, Asia Pacific and Africa.

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