Economy

Firms Fundamental Overview:- Newmont Mining Corporation (NYSE:NEM) a Gold Company

Firms Fundamental Overview:- Newmont Mining Corporation (NYSE:NEM) a Gold Company

Moreover, Alliancebernstein L P has 0.03% invested in Newmont Mining Corporation (NYSE:NEM) for 1.10 million shares. Following the completion of the sale, the chief operating officer now directly owns 86,862 shares in the company, valued at $3,165,251.28. Andra Ap has invested 0.17% in Newmont Mining Corporation (NYSE:NEM). The institutional investor owned 357,000 shares of the basic materials company's stock after buying an additional 192,000 shares during the period. It increased, as 73 investors sold Newmont Mining Corporation shares while 157 reduced holdings.

NEM's EVP, COO Palmer Thomas Ronald Sell 1250 shares of the company at a price of $36.44 on 2017-11-01. Virginia Retirement Systems ET AL's holdings in Newmont Mining were worth $4,715,000 as of its most recent SEC filing. Bank of New York Mellon Corp increased its position in shares of Newmont Mining by 12.2% during the third quarter. Goldberg Gary J had sold 1,000 shares worth $33,580. Flossbach Von Storch AG raised its stake in shares of Newmont Mining Corp by 81.7% in the first quarter. Finally, Norges Bank bought a new stake in shares of Newmont Mining Corp during the fourth quarter worth approximately $65,028,000. Janus Henderson Group PLC now owns 5,273,545 shares of the basic materials company's stock worth $170,812,000 after acquiring an additional 5,200,763 shares in the last quarter. TheStreet raised shares of Newmont Mining from a "c+" rating to a "b" rating in a research note on Wednesday, October 11th. The firm's 50 day moving average price is $33.62 and its 200-day moving average price is $34.07. Following the sale, the executive vice president now directly owns 82,114 shares of the company's stock, valued at approximately $3,142,502.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.32% of the company's stock. The disclosure for this sale can be found here.

The SMA200 of the stock is at 4.89%, SMA20 is 1.95%, while SMA50 is -0.24%.

Several research firms have recently commented on NEM. BidaskClub downgraded Newmont Mining from a "hold" rating to a "sell" rating in a research note on Thursday, August 10th. Newmont Mining Corporation has $58 highest and $16 lowest target. Zacks Investment Research upgraded shares of Newmont Mining Corp from a "sell" rating to a "hold" rating in a research note on Wednesday, February 1st. The firm owned 4,142,367 shares of the company's stock after buying an additional 1,338,462 shares during the period. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Meanwhile, the average 12-month price target from Wall Street analysts is now $42.16, this means that the stock is underpriced by 13.188%. Newmont Mining Corporation (NYSE:NEM) has declined 1.49% since December 1, 2016 and is downtrending.

This particular stock's 5-day moving average is 36.85, its 20-day moving average is 36.28 and its 100-day moving average is 36.79. The stock closed maximum at $39.63 over the 52 weeks but is now -7.63% away from that point. The company has a market cap of $19,830.00, a P/E ratio of 26.72 and a beta of 0.11.

More news: Kimco Realty (KIM) Earning Somewhat Favorable News Coverage, Accern Reports

Newmont Mining Corporation has a simple moving average of 0.94% in its last 20 days.

The company's Average Revenue Estimate for the current quarter is $1.91 Billion, while Low and High Revenue Estimates are $1.8 Billion and $2.01 Billion respectively.

Newmont Mining Corporation (NYSE:NEM) keeping its straight line and making thrust under limelight. When it comes to net revenue, the average estimate from a total of 5 analysts is 1.91 billion - compared to $1.79 billion posted in the year-ago period.

The firm is envisaging an EPS growth of -4.38% in the impending year with an EPS growth of 3.02% over the next five years will be. BMO Capital Markets set a $40.00 price target on shares of Newmont Mining and gave the company a "buy" rating in a report on Wednesday, August 23rd. Shareholders of record on Friday, December 8th will be issued a $0.075 dividend. The ex-dividend date is Thursday, December 7th. Newmont Mining's dividend payout ratio (DPR) is presently 42.86%. Pictet Asset Limited holds 279,211 shares. Northwestern Mutual Wealth reported 0% in Newmont Mining Corporation (NYSE:NEM). If you are accessing this piece on another site, it was illegally copied and republished in violation of US and worldwide trademark & copyright legislation.

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.


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