TheStreet lowered shares of Newmont Mining Corporation (NYSE:NEM) from a b- rating to a c rating in a research note released on Friday.

Several other research firms have also issued reports on NEM. Royal Bank Of Canada set a $41.00 price target on shares of Newmont Mining Corporation and gave the stock a hold rating in a research report on Monday, August 28th. B. Riley reiterated a neutral rating on shares of Newmont Mining Corporation in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Newmont Mining Corporation from a hold rating to a buy rating and set a $41.00 price target on the stock in a research report on Monday, July 31st. Scotiabank increased their price target on shares of Newmont Mining Corporation from $43.50 to $55.00 and gave the stock an outperform rating in a research report on Wednesday, July 26th. Finally, TD Securities increased their price target on shares of Newmont Mining Corporation from $36.00 to $50.00 and gave the stock a hold rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $40.83.

Newmont Mining Corporation (NYSE:NEM) traded up $0.27 during midday trading on Friday, hitting $36.60. 339,115 shares of the company traded hands, compared to its average volume of 5,440,500. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.18 and a quick ratio of 3.58. The firm has a market cap of $19,340.00, a price-to-earnings ratio of 26.05 and a beta of 0.11. Newmont Mining Corporation has a twelve month low of $30.40 and a twelve month high of $39.63.

Newmont Mining Corporation (NYSE:NEM) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.86 billion. Newmont Mining Corporation had a net margin of 1.18% and a return on equity of 6.20%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. equities research analysts predict that Newmont Mining Corporation will post 1.44 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, December 7th. Newmont Mining Corporation’s payout ratio is currently 42.86%.

In related news, EVP Elaine J. Dorward-King sold 10,250 shares of Newmont Mining Corporation stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $38.27, for a total transaction of $392,267.50. Following the completion of the transaction, the executive vice president now owns 82,114 shares of the company’s stock, valued at $3,142,502.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP E Randall Engel sold 5,700 shares of Newmont Mining Corporation stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $36.44, for a total transaction of $207,708.00. Following the transaction, the executive vice president now directly owns 122,178 shares of the company’s stock, valued at approximately $4,452,166.32. The disclosure for this sale can be found here. Insiders have sold 27,700 shares of company stock valued at $1,042,103 in the last ninety days. Insiders own 0.32% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Smith Affiliated Capital Corp. raised its stake in Newmont Mining Corporation by 8.6% during the second quarter. Smith Affiliated Capital Corp. now owns 3,800 shares of the basic materials company’s stock worth $123,000 after buying an additional 300 shares during the last quarter. Suntrust Banks Inc. raised its stake in Newmont Mining Corporation by 0.5% during the second quarter. Suntrust Banks Inc. now owns 65,794 shares of the basic materials company’s stock worth $2,130,000 after buying an additional 331 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Newmont Mining Corporation by 0.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 50,318 shares of the basic materials company’s stock worth $1,630,000 after buying an additional 353 shares during the last quarter. Veritable L.P. raised its stake in Newmont Mining Corporation by 4.6% during the second quarter. Veritable L.P. now owns 8,473 shares of the basic materials company’s stock worth $274,000 after buying an additional 370 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Newmont Mining Corporation by 1.2% during the second quarter. Louisiana State Employees Retirement System now owns 33,100 shares of the basic materials company’s stock worth $1,072,000 after buying an additional 400 shares during the last quarter. 80.11% of the stock is owned by institutional investors and hedge funds.

Newmont Mining Corporation Company Profile

Newmont Mining Corporation is a 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, Ghana and Suriname. The Company’s segments include North America, South America, Asia Pacific and Africa.

Analyst Recommendations for Newmont Mining Corporation (NYSE:NEM)

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