Newmont Mining (NEM) Getting Somewhat Favorable News Coverage, Study Shows
News stories about Newmont Mining (NYSE:NEM) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Newmont Mining earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 46.3531365605337 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Norinchukin Bank The Boosts Holdings in Newmont Mining Corp (NEM) (americanbankingnews.com)
- Traders Scamper Back To Gold Miners ETFs (feeds.benzinga.com)
- Barrick Vows Not to Grow for Growth’s Sake (finance.yahoo.com)
- What Could Help Goldcorp Drive Unit Costs Down (finance.yahoo.com)
- Newmont-Barrick race for gold producer crown comes down to a decimal point – BNN (bnn.ca)
Several equities analysts have weighed in on the stock. FBR & Co set a $40.00 price objective on shares of Newmont Mining and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Royal Bank of Canada reiterated a “hold” rating and set a $43.00 price objective on shares of Newmont Mining in a research report on Tuesday, December 5th. Scotiabank set a $48.00 target price on shares of Newmont Mining and gave the company a “buy” rating in a research note on Monday, January 15th. BMO Capital Markets reissued a “buy” rating and set a $43.00 target price on shares of Newmont Mining in a research note on Wednesday, December 20th. Finally, Zacks Investment Research lowered shares of Newmont Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $41.80.
Newmont Mining (NYSE:NEM) last issued its earnings results on Thursday, February 22nd. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. Newmont Mining had a negative net margin of 1.33% and a positive return on equity of 6.52%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the business posted $0.25 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. sell-side analysts expect that Newmont Mining will post 1.36 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Wednesday, March 7th. This is a positive change from Newmont Mining’s previous quarterly dividend of $0.08. Newmont Mining’s payout ratio is presently 25.00%.
In related news, EVP Elaine J. Dorward-King sold 10,250 shares of Newmont Mining stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $36.48, for a total value of $373,920.00. Following the completion of the sale, the executive vice president now owns 71,864 shares of the company’s stock, valued at approximately $2,621,598.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP E Randall Engel sold 5,700 shares of Newmont Mining stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $40.23, for a total transaction of $229,311.00. Following the completion of the sale, the executive vice president now directly owns 239,700 shares of the company’s stock, valued at approximately $9,643,131. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,700 shares of company stock valued at $1,050,806. 0.32% of the stock is owned by company insiders.
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About Newmont Mining
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.
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