Positive News Coverage Somewhat Unlikely to Impact Newmont Mining (NEM) Stock Price

Media coverage about Newmont Mining (NYSE:NEM) has been trending positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Newmont Mining earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.0036293674161 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have effected Accern’s rankings:

Several analysts recently issued reports on the company. BMO Capital Markets reissued a “buy” rating and issued a $43.00 price target on shares of Newmont Mining in a report on Wednesday, December 20th. Royal Bank of Canada restated a “hold” rating and issued a $43.00 target price on shares of Newmont Mining in a research report on Tuesday, December 5th. Zacks Investment Research upgraded Newmont Mining from a “hold” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a research report on Tuesday, December 5th. TheStreet cut Newmont Mining from a “b-” rating to a “c” rating in a research report on Friday, November 17th. Finally, B. Riley reiterated a “neutral” rating on shares of Newmont Mining in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Newmont Mining currently has a consensus rating of “Buy” and a consensus target price of $42.64.

Shares of Newmont Mining (NYSE:NEM) opened at $39.79 on Friday. The company has a market capitalization of $20,714.79, a price-to-earnings ratio of 265.27 and a beta of 0.09. The company has a quick ratio of 3.58, a current ratio of 4.18 and a debt-to-equity ratio of 0.33. Newmont Mining has a 12-month low of $31.42 and a 12-month high of $39.84.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Friday, December 8th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.30 dividend on an annualized basis and a yield of 0.75%. Newmont Mining’s payout ratio is 200.00%.

In related news, EVP Elaine J. Dorward-King sold 10,250 shares of Newmont Mining stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $36.48, for a total transaction 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 $2,621,598.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Thomas Ronald Palmer sold 1,250 shares of Newmont Mining stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $37.89, for a total value of $47,362.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,700 shares of company stock valued at $1,020,676. Insiders own 0.32% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Newmont Mining (NYSE:NEM)

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