Traders sold shares of Newmont Mining Corp. (NYSE:NEM) on strength during trading on Thursday. $56.75 million flowed into the stock on the tick-up and $68.57 million flowed out of the stock on the tick-down, for a money net flow of $11.82 million out of the stock. Of all equities tracked, Newmont Mining Corp. had the 0th highest net out-flow for the day. Newmont Mining Corp. traded up $1.23 for the day and closed at $40.52

Several research firms have weighed in on NEM. CIBC boosted their price objective on Newmont Mining Corp. from $28.50 to $34.00 in a research report on Friday, April 8th. Jefferies Group set a $42.00 price target on Newmont Mining Corp. and gave the company a “hold” rating in a research report on Thursday. Deutsche Bank AG reaffirmed a “buy” rating on shares of Newmont Mining Corp. in a research report on Wednesday. Vetr cut Newmont Mining Corp. from a “buy” rating to a “hold” rating and set a $36.05 price target on the stock. in a research report on Tuesday, May 17th. Finally, Sterne Agee CRT reaffirmed a “buy” rating on shares of Newmont Mining Corp. in a research report on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of C$33.30.

The stock has a market capitalization of $21.50 billion and a PE ratio of 238.35. The stock has a 50-day moving average price of $37.88 and a 200-day moving average price of $29.52.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.10 annualized dividend and a yield of 0.25%.

A number of institutional investors recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC increased its position 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 during the period. Afam Capital Inc. increased its position 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 during the period. Twin Capital Management Inc. increased its position 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 during the period. Comerica Bank increased its position in Newmont Mining Corp. by 1.6% in the fourth quarter. Comerica Bank now owns 157,814 shares of the company’s stock valued at $2,843,000 after buying an additional 2,509 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position 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.

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