Newmont Mining Corp. (NYSE:NEM) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $45.71 and last traded at $45.64, with a volume of 5,112,871 shares traded. The stock had previously closed at $44.16.

NEM has been the topic of a number of recent analyst reports. FBR & Co reaffirmed a “hold” rating on shares of Newmont Mining Corp. in a research report on Sunday, April 24th. Vetr lowered Newmont Mining Corp. from a “strong-buy” rating to a “buy” rating and set a $38.21 target price on the stock. in a research report on Monday, May 9th. BMO Capital Markets reaffirmed an “outperform” rating and set a $45.00 target price on shares of Newmont Mining Corp. in a research report on Tuesday, July 5th. Barclays PLC boosted their target price on Newmont Mining Corp. from $26.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Monday, April 18th. Finally, Zacks Investment Research raised Newmont Mining Corp. from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Wednesday, May 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of C$35.05.

The company has a market capitalization of $24.31 billion and a P/E ratio of 619.05. The stock has a 50 day moving average of $39.32 and a 200-day moving average of $30.93.

Newmont Mining Corp. (NYSE:NEM) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.14. During the same period last year, the company earned $0.26 EPS. The company earned $2 billion during the quarter, compared to analyst estimates of $1.94 billion. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts expect that Newmont Mining Corp. will post $1.72 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Tuesday, September 13th.

In related news, EVP Stephen P. Gottesfeld sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of C$41.59, for a total transaction of C$415,900.00. Following the sale, the executive vice president now owns 122,857 shares of the company’s stock, valued at approximately C$5,109,622.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP E Randall Engel sold 8,700 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of C$42.55, for a total value of C$370,185.00. Following the sale, the executive vice president now directly owns 219,389 shares in the company, valued at approximately C$9,335,001.95. The disclosure for this sale can be found here.

A number of hedge funds have modified their holdings of NEM. Mutual of America Capital Management LLC increased its stake in shares of 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 last quarter. Comerica Bank increased its stake in shares of 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 last quarter. 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 valued at $1,258,000 after buying an additional 3,831 shares during the last quarter. 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 valued at $2,657,000 after buying an additional 6,970 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Newmont Mining Corp. by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 775,497 shares of the company’s stock valued at $13,952,000 after buying an additional 35,846 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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