Newmont Mining Corp. (NYSE:NEM) reached a new 52-week high during trading on Wednesday . The company traded as high as $46.02 and last traded at $45.48, with a volume of 3,864,636 shares. The stock had previously closed at $45.00.

A number of brokerages have issued reports on NEM. HSBC reissued a “buy” rating on shares of Newmont Mining Corp. in a report on Thursday, July 7th. Citigroup Inc. began coverage on shares of Newmont Mining Corp. in a report on Tuesday, August 2nd. They set a “buy” rating and a $44.00 target price on the stock. Zacks Investment Research raised shares of Newmont Mining Corp. from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Monday, July 18th. FBR & Co boosted their target price on shares of Newmont Mining Corp. from $31.00 to $39.00 and gave the company a “market perform” rating in a report on Wednesday, July 20th. Finally, Jefferies Group boosted their target price on shares of Newmont Mining Corp. from $33.00 to $42.00 and gave the company a “hold” rating in a report on Thursday, July 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. Newmont Mining Corp. presently has a consensus rating of “Buy” and an average price target of C$36.11.

The stock has a market capitalization of $24.15 billion and a PE ratio of 615.14. The company’s 50-day moving average is $40.92 and its 200 day moving average is $32.05.

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, beating analysts’ consensus estimates of $0.30 by $0.14. The company earned $2 billion during the quarter, compared to the consensus estimate of $1.94 billion. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 earnings per share. On average, analysts predict that Newmont Mining Corp. will post $1.77 EPS for the current year.

The business also recently declared 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 is Tuesday, September 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.22%.

In other Newmont Mining Corp. news, EVP E Randall Engel sold 8,700 shares of Newmont Mining Corp. stock in a transaction on Thursday, July 28th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP William N. Macgowan sold 8,135 shares of Newmont Mining Corp. stock in a transaction on Thursday, August 4th. The shares were sold at an average price of C$44.95, for a total transaction of C$365,668.25. Following the completion of the sale, the executive vice president now owns 98,779 shares in the company, valued at C$4,440,116.05. The disclosure for this sale can be found here.

Other hedge funds recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake 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 worth $91,905,000 after buying an additional 135,768 shares in the last quarter. Bridgewater Associates LP increased its stake in shares of Newmont Mining Corp. by 53.1% in the fourth quarter. Bridgewater Associates LP now owns 957,569 shares of the company’s stock worth $17,227,000 after buying an additional 332,295 shares in the last quarter. 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 worth $13,952,000 after buying an additional 35,846 shares in the last quarter. BlackRock Advisors LLC increased its stake in shares of Newmont Mining Corp. by 18.2% in the fourth quarter. BlackRock Advisors LLC now owns 746,816 shares of the company’s stock worth $13,435,000 after buying an additional 115,197 shares in the last quarter. Finally, I.G. Investment Management LTD. increased 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 worth $4,467,000 after buying an additional 113,402 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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