Newmont Mining Corp. (NYSE:NEM) fell 4.1% during trading on Wednesday . The company traded as low as $39.46 and last traded at $39.69, with a volume of 4,430,110 shares. The stock had previously closed at $41.39.

A number of research firms have commented on NEM. FBR & Co restated a “hold” rating on shares of Newmont Mining Corp. in a report on Sunday, April 24th. Vetr upgraded shares of Newmont Mining Corp. from a “hold” rating to a “buy” rating and set a $36.33 price target for the company in a report on Tuesday, June 21st. Deutsche Bank AG restated a “buy” rating on shares of Newmont Mining Corp. in a report on Wednesday. Jefferies Group restated a “buy” rating on shares of Newmont Mining Corp. in a report on Thursday, April 28th. Finally, HSBC restated a “buy” rating on shares of Newmont Mining Corp. in a report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$33.30.

The company’s 50-day moving average is $37.46 and its 200 day moving average is $29.36. The stock has a market capitalization of $20.84 billion and a P/E ratio of 231.12.

Newmont Mining Corp. (NYSE:NEM) last released its earnings results on Wednesday, July 20th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.17. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.94 billion. Equities analysts forecast that Newmont Mining Corp. will post $1.59 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.25%.

Other hedge funds have added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Newmont Mining Corp. by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 44,808,351 shares of the company’s stock valued at $806,101,000 after buying an additional 1,216,989 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Newmont Mining Corp. by 82.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 355,999 shares of the company’s stock valued at $6,404,000 after buying an additional 161,028 shares during the period. Semper Augustus Investments Group LLC increased its stake in Newmont Mining Corp. by 142.6% in the fourth quarter. Semper Augustus Investments Group LLC now owns 200,263 shares of the company’s stock valued at $3,603,000 after buying an additional 117,700 shares during the period. Gulf International Bank UK Ltd increased its stake in Newmont Mining Corp. by 5.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 147,718 shares of the company’s stock valued at $2,657,000 after buying an additional 6,970 shares during the period. Finally, 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 during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.