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Newmont Mining (NYSE: NEM) of a rating Note that several other research badysts have recently commented on the NEM: Royal Bank of Canada reaffirmed a sales rating and set a target price of $ 44.00 on Newmont Mining shares in New York. Wednesday, April 4. Deutsche Bank raised its target price on Newmont Mining from $ 40.00 to $ 41.00 and quoted the title in a report on Wednesday, April 11, 2009. TheStreet ported Newmont Mining to A c + to ab rating in a report on Thursday, April 26. On Tuesday, June 12, Morgan Stanley brought Newmont Mining a weighting rating equal to an overweighting in a research note. Finally, Canaccord Genuity set a price target of $ 40 on Newmont Mining and gave a rating of Tuesday, July 24. Two research badysts evaluated the stock with a sales note, eight gave a blocking note and four gave a buy-in note to the company's stock. The stock currently has an average Hold rating and a consensus target price of $ 43.18.
Newmont Mining fell $ 0.14 to $ 36.59 on Monday, according to MarketBeat.com. 194,008 shares of the company were exchanged for an average volume of 3,912,110. The company has a market capitalization of $ 19.68 billion, a capitalization ratio of 25.03 and a beta of 0.22. Newmont Mining has a minimum of $ 34.20 in one year and a high of $ 42.04 in one year. The company has a current ratio of 4.60, a ratio of 3.95 and a debt ratio of 0.35.
Newmont Mining (NYSE: NEM) announced its financial results on Thursday, July 26. The base materials company reported earnings per share of $ 0.26 for the quarter, exceeding Thomson's consensus estimate of $ 0.24 by $ 0.24. The company achieved a business turnover of $ 1.66 billion for the quarter, compared to the consensus estimate of $ 1.76 billion. Newmont Mining posted a return on equity of 6.17% and a net margin of 2.23%. The quarterly business activity figure is down 11.4% over the same quarter of last year. During the same period of the previous year, the company earned $ 0.46 per share. Equity research badysts expect Newmont Mining to post EPS of 1.36 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Investors registered on Thursday, September 13 will receive a dividend of $ 0.14. This represents a dividend of $ 0.56 on an annualized basis and a return of 1.53%. The ex-dividend date is Wednesday, September 12th. The Newmont Mining distribution rate is 38.36%.
Incidentally, Chief Operating Officer Thomas Ronald Palmer sold 1,250 shares of the company in connection with a transaction dated Friday, June 1. The stock was sold at an average price of $ 38.88, for a total value of $ 48,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. In addition, insider Gary J. Goldberg sold 4,000 shares of the company in a transaction dated Friday, June 1. The shares were sold at an average price of $ 38.88, for a total value of $ 155,520.00. The disclosure for this sale can be found here. Insiders sold a total of 19,750 shares valued at $ 754,140 over the last ninety days. 0.36% of the stock is currently held by insiders.
Institutional investors have recently changed their equity holdings. TCW Group Inc. increased its position in Newmont Mining by 10.9% in the first quarter. TCW Group Inc. now holds 35,618 shares in the base materials company valued at $ 1,391,000 after purchasing 3,500 additional shares in the last quarter. Ffcm LLC increased its holdings in Newmont Mining by 622.8% in the first quarter. Ffcm LLC now holds 7,286 shares of the base materials company worth $ 285,000 after the purchase of 6,278 additional shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in Newmont Mining during the first quarter valued at approximately $ 22,469,000. Dimensional Fund Advisors LP increased its holdings in Newmont Mining by 1.6% in the first quarter. Dimensional Fund Advisors LP now holds 4,506,307 shares of the base materials company valued at $ 176,061,000 after purchasing 72,147 additional shares during the last quarter. Finally, WealthTrust Axiom LLC acquired a new stake in Newmont Mining during the first quarter of approximately $ 1,898,000. 82.03% of the capital is held by institutional investors and hedge funds.
About Newmont Mining
Newmont Mining Corporation, in conjunction with its subsidiaries, operates in the mining industry. The company acquires, develops, explores and produces mainly gold, copper and silver. Its operations and / or badets are located in the United States, Australia, Peru, Ghana and Suriname. As of February 22, 2018, the Company had proven and probable gold reserves of 68.5 million ounces and a total land area of approximately 23,000 square miles
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