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

Several equities research analysts have recently issued reports on the stock. FBR & Co reiterated a “hold” rating on shares of Newmont Mining Corp. in a research 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 objective on the stock in a research report on Tuesday, June 21st. Jefferies Group reiterated a “buy” rating on shares of Newmont Mining Corp. in a research report on Thursday, April 28th. HSBC reiterated a “buy” rating on shares of Newmont Mining Corp. in a research report on Thursday, July 7th. Finally, Zacks Investment Research upgraded shares of Newmont Mining Corp. from a “strong sell” rating to a “hold” rating in a research report on Monday, July 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. Newmont Mining Corp. currently has a consensus rating of “Buy” and an average price target of C$33.30.

The firm has a 50 day moving average price of $37.88 and a 200-day moving average price of $29.52. The firm has a market capitalization of $23.41 billion and a P/E ratio of 542.733.

Newmont Mining Corp. (NYSE:NEM) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.14. The firm earned $2 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the business posted $0.26 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities research analysts anticipate that Newmont Mining Corp. will post $1.59 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be issued a $0.025 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%.

A number of hedge funds and institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Newmont Mining Corp. by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 44,808,351 shares of the company’s stock worth $806,101,000 after buying an additional 1,216,989 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of 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 worth $6,404,000 after buying an additional 161,028 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of 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 worth $2,657,000 after buying an additional 6,970 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased 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 period. Finally, Afam Capital Inc. increased 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 worth $1,275,000 after buying an additional 1,376 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.

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