Newmont Mining Corp. (NYSE:NEM) was up 2.2% on Wednesday . The stock traded as high as $41.27 and last traded at $40.82, with a volume of 4,370,040 shares traded. The stock had previously closed at $39.96.

Several research analysts recently issued reports on the stock. Vetr downgraded shares of Newmont Mining Corp. from a “strong-buy” rating to a “buy” rating and set a $38.21 price target on the stock. in a research report on Monday, May 9th. Zacks Investment Research upgraded shares of Newmont Mining Corp. from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Tuesday, March 22nd. Royal Bank Of Canada upgraded shares of Newmont Mining Corp. from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $34.00 to $40.00 in a research report on Tuesday, April 26th. They noted that the move was a valuation call. Standpoint Research downgraded shares of Newmont Mining Corp. from a “buy” rating to a “hold” rating in a research report on Friday, March 18th. Finally, Jefferies Group downgraded shares of Newmont Mining Corp. from a “buy” rating to a “hold” rating and reduced their price target for the stock from $38.00 to $33.00 in a research report on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$31.86.

The firm has a market capitalization of $22.08 billion and a P/E ratio of 244.82. The firm has a 50-day moving average of $36.80 and a 200 day moving average of $28.77.

Newmont Mining Corp. (NYSE:NEM) last issued its quarterly earnings results on Wednesday, April 20th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.14. During the same period last year, the firm posted $0.46 earnings per share. The business earned $2.03 billion during the quarter, compared to analyst estimates of $1.86 billion. Newmont Mining Corp.’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities analysts predict that Newmont Mining Corp. will post $1.51 earnings per share for the current fiscal 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. The ex-dividend date was Tuesday, June 7th. This represents a $0.10 annualized dividend and a dividend yield of 0.24%.

Several large investors have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC increased its stake in 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 in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in 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 in the last quarter. Afam Capital Inc. increased its stake in 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 in the last quarter. Twin Capital Management Inc. increased its stake in 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 in the last quarter. Finally, Stevens Capital Management LP purchased a new stake in Newmont Mining Corp. during the fourth quarter valued at approximately $2,170,000.

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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