Newmont Mining Corp. (NYSE:NEM) shares hit a new 52-week high during trading on Tuesday . The stock 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.

Several research analysts have commented on NEM shares. FBR & Co reaffirmed a “hold” rating on shares of Newmont Mining Corp. in a report on Sunday, April 24th. Vetr lowered Newmont Mining Corp. from a “strong-buy” rating to a “buy” rating and set a $38.21 price objective for the company. in a research report on Monday, May 9th. BMO Capital Markets reissued an “outperform” rating and issued a $45.00 price objective on shares of Newmont Mining Corp. in a research report on Tuesday, July 5th. Barclays PLC lifted their price objective 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 price objective for the company in a research report on Wednesday, May 18th. 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 stock has a consensus rating of “Buy” and a consensus price target of C$35.05.

The firm has a market cap of $23.89 billion and a PE ratio of 608.38. The firm has a 50-day moving average price of $39.89 and a 200 day moving average price of $31.24.

Newmont Mining Corp. (NYSE:NEM) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.14. The company 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. Analysts forecast that Newmont Mining Corp. will post $1.72 earnings per share for the current fiscal year.

The business 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 of this dividend is Tuesday, September 13th. This represents a $0.10 annualized dividend and a yield of 0.22%.

In other Newmont Mining Corp. news, EVP Stephen P. Gottesfeld sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of C$41.59, for a total value of C$415,900.00. Following the completion of the sale, the executive vice president now directly owns 122,857 shares in the company, valued at 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 Scott P. Lawson sold 4,700 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of C$40.35, for a total transaction of C$189,645.00. Following the completion of the sale, the executive vice president now owns 46,295 shares of the company’s stock, valued at C$1,868,003.25. The disclosure for this sale can be found here.

A number of hedge funds recently modified their holdings of NEM. Mutual of America Capital Management LLC raised 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 period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised 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 period. Gulf International Bank UK Ltd raised 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 period. Levin Capital Strategies L.P. bought a new stake in shares of Newmont Mining Corp. during the fourth quarter valued at approximately $4,030,000. Finally, I.G. Investment Management LTD. raised its stake in shares of Newmont Mining Corp. by 84.1% in the fourth quarter. I.G. Investment Management LTD. now owns 248,302 shares of the company’s stock valued at $4,467,000 after buying an additional 113,402 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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