Newmont Mining Corp. (NYSE:NEM) shares traded down 4.2% on Wednesday . The stock traded as low as $41.23 and last traded at $41.32, with a volume of 4,180,935 shares traded. The stock had previously closed at $43.15.

Several research analysts have weighed in on the stock. Vetr raised shares of Newmont Mining Corp. from a “hold” rating to a “buy” rating and set a $36.33 target price for the company in a research note on Tuesday, June 21st. Jefferies Group reaffirmed a “buy” rating on shares of Newmont Mining Corp. in a research note on Thursday, April 28th. HSBC reaffirmed a “buy” rating on shares of Newmont Mining Corp. in a research note on Thursday, July 7th. Morgan Stanley assumed coverage on shares of Newmont Mining Corp. in a research note on Tuesday, August 9th. They set an “equal weight” rating and a $41.00 target price for the company. Finally, Zacks Investment Research lowered shares of Newmont Mining Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of C$36.11.

The firm’s 50-day moving average price is $42.82 and its 200-day moving average price is $33.78. The stock has a market cap of $21.14 billion and a PE ratio of 538.51.

Newmont Mining Corp. (NYSE:NEM) last released 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 company earned $2 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the company earned $0.26 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Equities research analysts anticipate that Newmont Mining Corp. will post $1.80 earnings per share 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. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Tuesday, September 13th.

In other Newmont Mining Corp. news, EVP William N. Macgowan sold 8,135 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of C$44.95, for a total value of C$365,668.25. Following the transaction, the executive vice president now directly owns 98,779 shares of the company’s stock, valued at approximately C$4,440,116.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP E Randall Engel sold 8,700 shares of the company’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 value of C$370,185.00. Following the completion of the transaction, the executive vice president now directly owns 219,389 shares in the company, valued at C$9,335,001.95. The disclosure for this sale can be found here.

Several institutional investors have made changes to their positions in NEM. I.G. Investment Management LTD. raised its position 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 during the last quarter. Principal Financial Group Inc. raised its position 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 during the last quarter. American International Group Inc. raised its position 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 worth $4,098,000 after buying an additional 4,444 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its position 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 worth $1,062,000 after buying an additional 307 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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