News coverage about Newmont Mining Corporation (NYSE:NEM) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Newmont Mining Corporation earned a news impact score of 0.10 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 45.7478850239818 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Analysts’ Estimates: Could NEM’s Near-Term Profitability Decline? (marketrealist.com)
- Mario Gabelli Comments on Newmont Mining Corp (finance.yahoo.com)
- Newmont Mining Corporation (NEM) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Newmont Mining Corporation (NEM) vs. AngloGold Ashanti Limited (AU) Head to Head Review (americanbankingnews.com)
- Analysts Rated Newmont Mining Corporation (NEM) as Buy (newstrendstoday.com)
Newmont Mining Corporation (NEM) traded down 0.55% during mid-day trading on Friday, hitting $37.85. The stock had a trading volume of 4,936,368 shares. Newmont Mining Corporation has a 12 month low of $30.19 and a 12 month high of $41.97. The stock’s 50-day moving average price is $37.24 and its 200-day moving average price is $34.52. The stock’s market cap is $20.18 billion.
Newmont Mining Corporation (NYSE:NEM) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.20. Newmont Mining Corporation had a positive return on equity of 6.67% and a negative net margin of 6.73%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the business earned $0.44 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, analysts predict that Newmont Mining Corporation will post $1.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be paid a dividend of $0.075 per share. This is a boost from Newmont Mining Corporation’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Wednesday, September 13th. Newmont Mining Corporation’s dividend payout ratio is -33.33%.
A number of analysts have recently issued reports on the stock. Royal Bank Of Canada set a $41.00 target price on shares of Newmont Mining Corporation and gave the stock a “hold” rating in a research note on Monday, August 28th. BMO Capital Markets set a $40.00 price target on shares of Newmont Mining Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. BidaskClub lowered shares of Newmont Mining Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Newmont Mining Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, Argus raised shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $40.96.
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In related news, insider Gary J. Goldberg sold 1,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $31.80, for a total transaction of $31,800.00. Following the transaction, the insider now directly owns 334,730 shares of the company’s stock, valued at approximately $10,644,414. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP E Randall Engel sold 5,700 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $37.11, for a total value of $211,527.00. Following the transaction, the executive vice president now directly owns 251,100 shares in the company, valued at $9,318,321. The disclosure for this sale can be found here. Insiders have sold a total of 19,457 shares of company stock valued at $690,811 over the last 90 days. 0.32% of the stock is currently owned by company insiders.
About Newmont Mining Corporation
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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