Deutsche Bank downgraded shares of Newmont Mining (NYSE:NEM) from a buy rating to a hold rating in a report published on Tuesday, MarketBeat reports. They currently have $40.00 price target on the basic materials company’s stock, down from their prior price target of $42.00.

Other analysts also recently issued reports about the stock. TheStreet upgraded shares of Newmont Mining from a c+ rating to a b rating in a report on Wednesday, October 11th. Scotiabank set a $48.00 target price on shares of Newmont Mining and gave the stock a buy rating in a report on Monday. BMO Capital Markets reiterated a buy rating and issued a $43.00 target price on shares of Newmont Mining in a report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Newmont Mining from a hold rating to a buy rating and set a $43.00 target price on the stock in a report on Wednesday, October 18th. Finally, FBR & Co set a $40.00 target price on shares of Newmont Mining and gave the stock a hold rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $41.95.

Newmont Mining (NEM) traded up $0.23 during midday trading on Tuesday, hitting $39.47. 3,960,445 shares of the company were exchanged, compared to its average volume of 4,562,423. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.18 and a quick ratio of 3.58. Newmont Mining has a twelve month low of $31.42 and a twelve month high of $40.25. The company has a market cap of $21,050.00, a P/E ratio of 56.39 and a beta of 0.10.

Newmont Mining (NYSE:NEM) last released its earnings results on Thursday, October 26th. The basic materials company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Newmont Mining had a net margin of 1.18% and a return on equity of 6.20%. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm earned $0.38 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. analysts forecast that Newmont Mining will post 1.47 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 8th were issued a dividend of $0.075 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.76%. Newmont Mining’s dividend payout ratio is currently 42.86%.

In other news, COO Thomas Ronald Palmer sold 1,250 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $36.44, for a total transaction of $45,550.00. Following the sale, the chief operating officer now owns 86,862 shares in the company, valued at $3,165,251.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott P. Lawson sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $37.72, for a total transaction of $188,600.00. Following the sale, the executive vice president now owns 46,696 shares in the company, valued at approximately $1,761,373.12. The disclosure for this sale can be found here. Insiders have sold 27,700 shares of company stock worth $1,020,676 in the last 90 days. 0.32% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Timber Hill LLC purchased a new position in Newmont Mining during the third quarter valued at approximately $260,000. Deane Retirement Strategies Inc. purchased a new position in Newmont Mining during the third quarter valued at approximately $1,513,000. Commonwealth Bank of Australia grew its position in Newmont Mining by 5.7% during the third quarter. Commonwealth Bank of Australia now owns 433,082 shares of the basic materials company’s stock valued at $16,239,000 after purchasing an additional 23,286 shares in the last quarter. Saratoga Research & Investment Management purchased a new position in Newmont Mining during the third quarter valued at approximately $382,000. Finally, Gabelli Funds LLC grew its position in Newmont Mining by 3.7% during the third quarter. Gabelli Funds LLC now owns 2,731,471 shares of the basic materials company’s stock valued at $102,457,000 after purchasing an additional 97,300 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

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Newmont Mining 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 (NYSE:NEM)

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