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

Several analysts have recently commented on NEM shares. Vetr downgraded shares of Newmont Mining Corp. from a “strong-buy” rating to a “buy” rating and set a $38.21 price objective on the stock. in a report on Monday, May 9th. Jefferies Group reaffirmed a “buy” rating on shares of Newmont Mining Corp. in a report on Thursday, April 28th. Zacks Investment Research raised shares of Newmont Mining Corp. from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Wednesday, April 20th. Goldman Sachs Group Inc. raised shares of Newmont Mining Corp. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $23.30 to $36.00 in a report on Wednesday, May 11th. Finally, Sterne Agee CRT reaffirmed a “buy” rating on shares of Newmont Mining Corp. in a report on Monday, May 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$36.11.

The stock has a market capitalization of $24.24 billion and a PE ratio of 617.43. The stock has a 50 day moving average of $41.51 and a 200-day moving average of $32.24.

Newmont Mining Corp. (NYSE:NEM) last issued its earnings results on Wednesday, July 20th. The company reported $0.44 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 analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Newmont Mining Corp.’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts predict that Newmont Mining Corp. will post $1.77 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be given 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 0.22%.

In other Newmont Mining Corp. news, EVP Scott P. Lawson sold 4,700 shares of the business’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of C$40.35, for a total transaction of C$189,645.00. Following the sale, the executive vice president now directly owns 46,295 shares in the company, valued at approximately C$1,868,003.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP E Randall Engel sold 8,700 shares of the business’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of C$42.55, for a total transaction of C$370,185.00. Following the sale, the executive vice president now owns 219,389 shares in the company, valued at C$9,335,001.95. The disclosure for this sale can be found here.

Several large investors 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 last quarter. 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 last quarter. American International Group Inc. raised 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. 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 last quarter. Finally, BlackRock Advisors LLC raised 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 valued at $13,435,000 after buying an additional 115,197 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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