Newmont Mining (NYSE:NEM) is scheduled to be releasing its earnings data before the market opens on Thursday, February 22nd. Analysts expect Newmont Mining to post earnings of $0.38 per share for the quarter.
Newmont Mining (NYSE NEM) opened at $39.11 on Tuesday. Newmont Mining has a 1 year low of $31.42 and a 1 year high of $42.04. 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 company has a market cap of $20,860.00, a PE ratio of 55.87 and a beta of 0.24.
A number of research firms have commented on NEM. Deutsche Bank cut shares of Newmont Mining from a “buy” rating to a “hold” rating and decreased their target price for the company from $42.00 to $40.00 in a research report on Tuesday, January 16th. Scotiabank set a $48.00 target price on shares of Newmont Mining and gave the company a “buy” rating in a research report on Monday, January 15th. Zacks Investment Research cut shares of Newmont Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 19th. BMO Capital Markets reissued a “buy” rating and set a $43.00 price target on shares of Newmont Mining in a research report on Wednesday, December 20th. Finally, TheStreet cut shares of Newmont Mining from a “b-” rating to a “c” rating in a research report on Friday, November 17th. Two equities 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 company. The company has a consensus rating of “Hold” and a consensus price target of $41.80.
In related news, EVP Elaine J. Dorward-King sold 10,250 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 71,864 shares of the company’s stock, valued at $2,621,598.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP E Randall Engel sold 5,700 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $9,643,131. The disclosure for this sale can be found here. Insiders have sold 27,700 shares of company stock worth $1,050,806 in the last three months. Corporate insiders own 0.32% 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.
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