Newmont Mining Given “Hold” Rating at Jefferies Group (NEM)
Newmont Mining (NYSE: NEM)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group in a research note issued to investors on Thursday. They currently have a $40.00 price target on the stock.
A number of other analysts have also recently weighed in on NEM. Analysts at Scotiabank cut their price target on shares of Newmont Mining from $56.00 to $50.00 in a research note to investors on Monday. Separately, analysts at TheStreet reiterated a “hold” rating on shares of Newmont Mining in a research note to investors on Monday, March 11th. Finally, analysts at Standpoint Research initiated coverage on shares of Newmont Mining in a research note to investors on Monday, March 4th. They set an “accumulate” rating and a $48.00 price target on the stock.
Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Newmont Mining has an average rating of “Hold” and an average target price of $54.91.
Shares of Newmont Mining (NYSE: NEM) traded up 3.16% during mid-day trading on Thursday, hitting $41.655. Newmont Mining has a 52 week low of $38.50 and a 52 week high of $57.93. The stock’s 50-day moving average is currently $41.65. The company has a market cap of $20.691 billion and a P/E ratio of 11.13.
Newmont Mining (NYSE: NEM) last issued its quarterly earnings data on Thursday, February 21st. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.14. During the same quarter in the prior year, the company posted $1.17 earnings per share. On average, analysts predict that Newmont Mining will post $4.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 28th. Investors of record on Wednesday, March 13th will be paid a dividend of $0.43 per share. This represents a $1.70 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Monday, March 11th. This is an increase from Newmont Mining’s previous quarterly dividend of $0.35.
Newmont Mining Corporation (NYSE: NEM) is a gold producer. The Company’s operating segments include North America, South America, Asia Pacific and Africa.
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