Earnings Reaction History of Newmont Mining Corporation (NYSE:NEM)

Posted February 18, 2017

Several other hedge funds and other institutional investors have also modified their holdings of NEM. New York Life Trust Co. increased its position in Newmont Mining Corporation by 9.0% in the third quarter. Shares of Newmont Mining Corporation rose by 0.99% in the last five trading days and 6.55% for the last 4 weeks. The company reported its last quarter on Sep 16. Tuttle Tactical Management LLC purchased a new position in shares of Newmont Mining Corporation during the third quarter valued at $172,000. Analysts had expected Newmont Mining Corporation (NYSE:NEM) to post net income of about $0.49 per share on $1,911.73M in revenue. Balasa Dinverno & Foltz LLC purchased a new position in Newmont Mining Corporation during the third quarter valued at $207,000.

Newmont Mining Corporation (NYSE:NEM) in the last quarter reported its actual EPS of $0.51/share where the analyst estimated EPS was $0.5/share. The company had a trading volume of 2,460,528 shares. Currently, the company has SMA200 (200-day simple moving average) of 0.69 Percent. Newmont Mining Corporation has a 12 month low of $19.60 and a 12 month high of $46.07. The third largest holder is State Street Corp, which now holds $1.09 billion worth of this stock and that ownership represents almost 5.46% of its market capitalization.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. The dividend yield based on the forward looking indicated annual dividend is 0.54%. Newmont Mining Corporation's dividend payout ratio (DPR) is presently -19.42%. Richard T. O'Brien is one of the biggest insider owners in Newmont Mining Corporation (NYSE:NEM), according to U.S. Securities and Exchange Commission (SEC) filings. If you are reading this piece of content on another website, it was illegally copied and republished in violation of USA & global copyright and trademark law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/02/17/fil-ltd-lowers-position-in-newmont-mining-corporation-nem.html.

A number of equities research analysts have recently weighed in on NEM shares.

2 analysts rated the stock of Newmont Mining Corporation (NYSE:NEM) as "STRONG BUY", 9 rated as "BUY" and 7 issued a "HOLD" rating. Bank of America Corporation raised Newmont Mining Corporation from a "neutral" rating to a "buy" rating in a research report on Monday, November 28th. Van ECK Associates Corp raised its position in Newmont Mining Corporation by 12.5% in the fourth quarter. The highest and lowest price target given by the brokerage firms to the equity are $51 and $25, respectively. Finally, Standpoint Research raised Newmont Mining Corporation from a "hold" rating to a "buy" rating and set a $42.00 target price for the company in a research note on Thursday, December 29th. CAT right now sits at consensus rating of 2.70 while 5 analysts have advocated the shares as "BUY", 1 calls it an "OUTPERFORM" and 16 suggest "HOLD". The stock has an average rating of "Buy" and a consensus price target of $40.62.

In other Newmont Mining Corporation news, EVP Scott P. Lawson sold 1,500 shares of Newmont Mining Corporation stock in a transaction that occurred on Tuesday, January 31st. Over the same time span, the stock marked US$142.66 as its best level and the lowest price reached was US$118.75.

In recent action, Newmont Mining Corporation (NEM) has made a move of +8.25% over the past month, which has come on weak relative transaction volume. The forecast of 20 surveyed investment analysts covering the stock advises investors to Buy stake in the company.

Newmont Mining Corp.is engaged in the production of gold, the exploration for gold and the acquisition and development of gold properties worldwide.