Newmont Mining Corp (NYSE:NEM) shares traded down 0.7% during trading on Friday . The stock traded as low as $40.21 and last traded at $40.69, with a volume of 4,900,262 shares changing hands. The stock had previously closed at $40.96.

Several research analysts recently commented on the stock. Deutsche Bank AG restated a “buy” rating and issued a $44.00 price target (up previously from $38.00) on shares of Newmont Mining Corp in a report on Wednesday. HSBC restated a “buy” rating on shares of Newmont Mining Corp in a report on Thursday. BMO Capital Markets restated an “outperform” rating and issued a $45.00 price target on shares of Newmont Mining Corp in a report on Tuesday. Vetr lowered shares of Newmont Mining Corp from a “hold” rating to a “sell” rating and set a $34.50 price target on the stock. in a report on Monday, June 27th. Finally, Goldman Sachs Group Inc. restated a “buy” rating on shares of Newmont Mining Corp in a report on Monday, June 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. Newmont Mining Corp currently has a consensus rating of “Buy” and an average target price of C$31.19.

The stock has a market capitalization of $21.83 billion and a P/E ratio of 242.00. The stock’s 50-day moving average is $35.65 and its 200 day moving average is $28.01.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, June 23rd. Shareholders of record on Thursday, June 9th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, June 7th. This represents a $0.10 dividend on an annualized basis and a yield of 0.24%.

A number of large investors recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Newmont Mining Corp by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,109,241 shares of the company’s stock worth $91,905,000 after buying an additional 135,768 shares during the last quarter. I.G. Investment Management LTD. boosted its stake in shares of Newmont Mining Corp by 84.1% in the fourth quarter. I.G. Investment Management LTD. now owns 248,302 shares of the company’s stock worth $4,467,000 after buying an additional 113,402 shares during the last quarter. Levin Capital Strategies L.P. bought a new stake in shares of Newmont Mining Corp during the fourth quarter worth about $4,030,000. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted 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 worth $1,258,000 after buying an additional 3,831 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its stake in shares of Newmont Mining Corp by 9.3% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 584,690 shares of the company’s stock worth $11,127,000 after buying an additional 49,691 shares during the last quarter.

Newmont Mining Corporation 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 and Suriname. Its segments are North America, South America, Asia Pacific and Africa.

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