Newmont Mining Corp. (NYSE:NEM)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $41.81 and last traded at $41.24, with a volume of 2,663,578 shares trading hands. The stock had previously closed at $41.13.

NEM has been the subject of several recent research reports. Jefferies Group lifted their price target on Newmont Mining Corp. to $33.00 in a research report on Wednesday, March 30th. CIBC lifted their price target on Newmont Mining Corp. from $28.50 to $34.00 in a research report on Friday, April 8th. Royal Bank Of Canada lifted their price target on Newmont Mining Corp. from $25.00 to $34.00 in a research report on Tuesday, April 12th. Barclays PLC lifted their price target on Newmont Mining Corp. from $26.00 to $33.00 and gave the company an “equal weight” rating in a research report on Monday, April 18th. Finally, Clarkson Capital cut Newmont Mining Corp. from a “buy” rating to a “neutral” rating in a research report on Monday, April 18th. 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. The stock has an average rating of “Buy” and an average target price of C$33.55.

The company’s 50-day moving average price is $38.43 and its 200-day moving average price is $30.17. The firm has a market capitalization of $22.49 billion and a price-to-earnings ratio of 572.84.

Newmont Mining Corp. (NYSE:NEM) last issued 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 business earned $2 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the company posted $0.26 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. On average, equities research analysts forecast that Newmont Mining Corp. will post $1.73 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be paid 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 0.24%.

Other large investors have modified their holdings of the company. Vanguard Group Inc. raised its stake 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. Cornerstone Capital Management Holdings LLC. raised its position in shares of Newmont Mining Corp. by 111.7% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 1,130,816 shares of the company’s stock worth $20,343,000 after buying an additional 596,614 shares during the last quarter. Levin Capital Strategies L.P. purchased a new position in shares of Newmont Mining Corp. during the fourth quarter worth $4,030,000. Robeco Institutional Asset Management B.V. raised its position 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 last quarter. Finally, Dimensional Fund Advisors LP raised its position 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.

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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