Shares of Newmont Mining Corp. (NYSE:NEM) fell 4.2% during trading on Wednesday . The company 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.

A number of research firms have commented on NEM. Morgan Stanley reaffirmed a “hold” rating and set a $41.00 target price on shares of Newmont Mining Corp. in a report on Tuesday, August 16th. Barclays PLC lifted their target price on shares of Newmont Mining Corp. from $38.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, August 8th. Citigroup Inc. reaffirmed a “buy” rating on shares of Newmont Mining Corp. in a report on Thursday, August 18th. Zacks Investment Research lowered shares of Newmont Mining Corp. from a “buy” rating to a “hold” rating in a report on Monday. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $44.00 target price (up previously from $38.00) on shares of Newmont Mining Corp. in a report on Wednesday, July 6th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Newmont Mining Corp. has a consensus rating of “Buy” and a consensus target price of C$36.87.

The company has a 50 day moving average of $42.77 and a 200 day moving average of $33.87. The firm has a market cap of $21.31 billion and a PE ratio of 542.70.

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, beating analysts’ consensus estimates of $0.30 by $0.14. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.94 billion. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. Equities analysts anticipate that Newmont Mining Corp. will post $1.80 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Tuesday, September 13th.

In related news, EVP William N. Macgowan sold 8,135 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 98,779 shares of the company’s stock, valued at C$4,440,116.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen P. Gottesfeld sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of C$41.59, for a total transaction of C$415,900.00. Following the transaction, the executive vice president now directly owns 122,857 shares in the company, valued at C$5,109,622.63. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC raised its position 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. 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 in 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 in the last quarter. Finally, Principal Financial Group Inc. raised 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 valued at $13,952,000 after buying an additional 35,846 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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