Newmont Mining (NEM) Earning Somewhat Positive Media Coverage, Analysis Shows

News headlines about Newmont Mining (NYSE:NEM) have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty 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 closest to one being the most favorable. Newmont Mining earned a news impact score of 0.03 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 46.3552569734334 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Shares of NYSE:NEM traded up $0.80 during midday trading on Wednesday, hitting $39.59. 4,089,743 shares of the stock were exchanged, compared to its average volume of 5,098,131. The stock has a market cap of $21.00 billion, a P/E ratio of 27.12 and a beta of 0.29. The company has a current ratio of 4.18, a quick ratio of 3.62 and a debt-to-equity ratio of 0.35. Newmont Mining has a 12 month low of $31.42 and a 12 month high of $42.04.

Newmont Mining (NYSE:NEM) last released its quarterly earnings results on Thursday, April 26th. The basic materials company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Newmont Mining had a return on equity of 7.01% and a net margin of 0.64%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 earnings per share. equities analysts forecast that Newmont Mining will post 1.5 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 21st. Stockholders of record on Thursday, June 7th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, June 6th. Newmont Mining’s dividend payout ratio (DPR) is currently 38.36%.

NEM has been the topic of a number of recent analyst reports. Bank of America lifted their target price on Newmont Mining from $46.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Zacks Investment Research upgraded Newmont Mining from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Friday, February 9th. Royal Bank of Canada cut Newmont Mining from a “sector perform” rating to an “underperform” rating and lifted their target price for the company from $37.71 to $43.00 in a research report on Monday, March 12th. They noted that the move was a valuation call. TheStreet cut Newmont Mining from a “b-” rating to a “c+” rating in a research report on Monday, March 12th. Finally, Citigroup lifted their target price on Newmont Mining from $37.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Newmont Mining currently has a consensus rating of “Hold” and a consensus target price of $42.93.

In other news, insider Gary J. Goldberg sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $38.06, for a total transaction of $38,060.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP William N. Macgowan sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $38.89, for a total value of $194,450.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,500 shares of company stock worth $794,165. Company insiders own 0.36% of the company’s stock.

Newmont Mining Company Profile

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold, copper, and silver. Its operations and/or assets are located in the United States, Australia, Peru, Ghana, and Suriname. As of February 22, 2018, the company had proven and probable gold reserves of 68.5 million ounces and an aggregate land position of approximately 23,000 square miles.

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

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