Newmont Mining Stock Rating Reaffirmed by TheStreet (NEM)
Newmont Mining (NYSE: NEM)‘s stock had its “hold” rating restated by analysts at TheStreet in a research report issued to clients and investors on Thursday.
The analysts wrote, “Newmont Mining Corporation (NEM) has been reiterated by TheStreet Ratings as a hold with a ratings score of C+ . The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Newmont Mining in a research note to investors on Thursday. They now have a $40.00 price target on the stock. Separately, 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.
Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $54.91.
Shares of Newmont Mining (NYSE: NEM) traded up 3.37% during mid-day trading on Thursday, hitting $41.74. 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 $41.65. The company has a market cap of $20.734 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 declared a quarterly dividend, which is scheduled for Thursday, March 28th. Investors of record on Wednesday, March 13th will be given 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.
To view TheStreet’s full report, visit www.thestreetratings.com
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