Newmont Mining Corp. (NYSE:NEM) fell 1.9% during trading on Wednesday . The stock traded as low as $44.71 and last traded at $45.01, with a volume of 3,754,858 shares traded. The stock had previously closed at $45.86.

A number of brokerages have recently issued reports on NEM. FBR & Co restated a “hold” rating on shares of Newmont Mining Corp. in a research report on Sunday, April 24th. Clarkson Capital downgraded shares of Newmont Mining Corp. from a “buy” rating to a “neutral” rating in a research report on Monday, April 18th. Vetr upgraded shares of Newmont Mining Corp. from a “buy” rating to a “strong-buy” rating and set a $36.05 price target on the stock in a research report on Tuesday, May 24th. Royal Bank Of Canada boosted their price target on shares of Newmont Mining Corp. from $25.00 to $34.00 in a research report on Tuesday, April 12th. Finally, Jefferies Group downgraded shares of Newmont Mining Corp. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $38.00 to $33.00 in a research report on Thursday, June 2nd. One 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’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$35.05.

The company has a market cap of $23.53 billion and a P/E ratio of 599.19. The firm has a 50-day moving average price of $40.14 and a 200 day moving average price of $31.33.

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, topping the Zacks’ consensus estimate of $0.30 by $0.14. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.94 billion. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share. On average, analysts predict that Newmont Mining Corp. will post $1.72 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Tuesday, September 13th.

In related news, EVP E Randall Engel sold 8,700 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of C$42.55, for a total transaction of C$370,185.00. Following the completion of the sale, the executive vice president now directly owns 219,389 shares of the company’s stock, valued at C$9,335,001.95. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Stephen P. Gottesfeld sold 10,000 shares of the business’s stock in a transaction that occurred 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 directly owns 122,857 shares of the company’s stock, valued at C$5,109,622.63. The disclosure for this sale can be found here.

A number of large investors have recently modified their holdings of the stock. 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. 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. Levin Capital Strategies L.P. purchased a new stake in shares of Newmont Mining Corp. during the fourth quarter valued at approximately $4,030,000. Finally, American International Group Inc. increased its stake in shares of Newmont Mining Corp. by 2.0% in the fourth quarter. American International Group Inc. now owns 227,834 shares of the company’s stock valued at $4,098,000 after buying an additional 4,444 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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