Newmont Mining Rating Reiterated by Jefferies Group (NEM)
Shares of Newmont Mining traded down 1.69% during mid-day trading on Wednesday, hitting $38.99. Newmont Mining has a one year low of $38.50 and a one year high of $57.93. The stock’s 50-day moving average is currently $42.36. The company has a market cap of $19.368 billion and a P/E ratio of 10.93.
Newmont Mining last released its earnings data on Thursday, February 21st. The company reported $1.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.97 by $0.14. During the same quarter in the prior year, the company posted $1.17 earnings per share. Analysts expect that Newmont Mining will post $4.16 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on NEM. Analysts at TheStreet reiterated a “hold” rating on shares of Newmont Mining in a research note to investors on Monday. Separately, 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.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 28th. Shareholders of record on Wednesday, March 13th will be given a dividend of $0.43 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Monday, March 11th. This is a positive change from Newmont Mining’s previous quarterly dividend of $0.35.
Newmont Mining Corporation (Newmont) is a gold producer. The Company’s operating segments include North America, South America, Asia Pacific and Africa.
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