Traders purchased shares of Newmont Mining Corp. (NYSE:NEM) on weakness during trading hours on Friday. $68.27 million flowed into the stock on the tick-up and $39.08 million flowed out of the stock on the tick-down, for a money net flow of $29.19 million into the stock. Of all equities tracked, Newmont Mining Corp. had the 10th highest net in-flow for the day. Newmont Mining Corp. traded down ($0.48) for the day and closed at $44.43

Several equities research analysts have recently commented on the company. FBR & Co reissued a “hold” rating on shares of Newmont Mining Corp. in a research note on Sunday, April 24th. Vetr cut Newmont Mining Corp. from a “strong-buy” rating to a “buy” rating and set a $38.21 target price for the company. in a research note on Monday, May 9th. BMO Capital Markets reissued an “outperform” rating and issued a $45.00 target price on shares of Newmont Mining Corp. in a research note on Tuesday, July 5th. Barclays PLC lifted their target price on Newmont Mining Corp. from $26.00 to $33.00 and gave the company an “equal weight” rating in a research note 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 for the company in a research note on Wednesday, May 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. Newmont Mining Corp. has an average rating of “Buy” and a consensus price target of C$35.05.

The stock has a market cap of $23.57 billion and a P/E ratio of 600.41. The company’s 50 day moving average price is $40.39 and its 200 day moving average price is $31.43.

Newmont Mining Corp. (NYSE:NEM) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.14. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the company posted $0.26 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Equities research analysts anticipate that Newmont Mining Corp. will post $1.73 EPS 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 issued a dividend of $0.025 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.23%.

In related news, EVP E Randall Engel sold 8,700 shares of the 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 completion of the sale, the executive vice president now directly owns 219,389 shares in the company, valued at C$9,335,001.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott P. Lawson sold 4,700 shares of the 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 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 bought and sold shares of NEM. Mutual of America Capital Management LLC increased its stake in 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 worth $1,062,000 after buying an additional 307 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in 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 worth $1,258,000 after buying an additional 3,831 shares during the last quarter. American International Group Inc. increased its stake in Newmont Mining Corp. by 2.0% in the fourth quarter. American International Group Inc. now owns 227,834 shares of the company’s stock worth $4,098,000 after buying an additional 4,444 shares during the last quarter. Principal Financial Group Inc. increased its stake in Newmont Mining Corp. by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 775,497 shares of the company’s stock worth $13,952,000 after buying an additional 35,846 shares during the last quarter. Finally, I.G. Investment Management LTD. increased its stake in 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 worth $4,467,000 after buying an additional 113,402 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.