Newmont Mining Corp. (NYSE:NEM) shares hit a new 52-week high during mid-day trading on Wednesday . The company 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.

A number of research analysts have issued reports on NEM shares. HSBC restated a “buy” rating on shares of Newmont Mining Corp. in a research note on Thursday, July 7th. Zacks Investment Research upgraded shares of Newmont Mining Corp. from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Monday, July 18th. FBR & Co increased their price objective on shares of Newmont Mining Corp. from $31.00 to $39.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 20th. Jefferies Group increased their price objective on shares of Newmont Mining Corp. from $33.00 to $42.00 and gave the stock a “hold” rating in a research note on Thursday, July 14th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $44.00 price objective (up previously from $38.00) on shares of Newmont Mining Corp. in a research note on Wednesday, July 6th. One research 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 company has a consensus rating of “Buy” and an average target price of C$33.55.

The company’s 50 day moving average price is $38.85 and its 200 day moving average price is $30.34. The firm has a market capitalization of $22.68 billion and a price-to-earnings ratio of 577.57.

Newmont Mining Corp. (NYSE:NEM) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.14. The firm earned $2 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities analysts anticipate that Newmont Mining Corp. will post $1.73 EPS for the current fiscal 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 paid a $0.025 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.10 annualized dividend and a yield of 0.23%.

In other Newmont Mining Corp. news, EVP Scott P. Lawson sold 4,700 shares of the business’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of C$40.35, for a total value of C$189,645.00. Following the transaction, the executive vice president now directly owns 46,295 shares of the company’s stock, valued at approximately C$1,868,003.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted 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 valued at $806,101,000 after buying an additional 1,216,989 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 valued at $91,905,000 after buying an additional 135,768 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Newmont Mining Corp. by 1.7% in the fourth quarter. New York State Common Retirement Fund now owns 1,225,700 shares of the company’s stock valued at $22,050,000 after buying an additional 20,800 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted 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 valued at $20,343,000 after buying an additional 596,614 shares in the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. boosted its position in shares of Newmont Mining Corp. by 7.8% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 832,267 shares of the company’s stock valued at $14,789,000 after buying an additional 60,177 shares in 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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