Earnings Analysis of: Newmont Mining Corporation (NYSE:NEM)

Newmont Mining Corporation (NYSE:NEM) was downgraded by Vetr from a "sell" rating to a "strong sell" rating in a research note issued to investors on Monday. The firm owned 7,400 shares of the company's stock after selling 45,843 shares during the period. LLC raised its position in Newmont Mining Corporation by 4.4% in the second quarter. LLC now owns 624,640 shares of the company's stock valued at $24,436,000 after buying an additional 26,270 shares during the last quarter. Further, the company, through its subsidiary, Ally Bank provides savings and money market accounts, certificates of deposit, interest-bearing checking accounts, trust accounts, and individual retirement accounts; and online and mobile banking, electronic bill pay, remote deposit, and electronic funds transfer.

While taking a glance at financials, we can look at a number of key indicators about Newmont Mining Corporation's (NEM). Ltd. now owns 854,883 shares of the company's stock valued at $33,443,000 after buying an additional 3,446 shares during the last quarter. Analysts mean target price for Newmont Mining Corporation (NYSE:NEM) is $39.88 while their mean recommendation is 2.40 (1=Buy, 5=sell). General Electric Co. now owns 860,218 shares of the company's stock valued at $33,652,000 after buying an additional 825,722 shares during the last quarter. The insider owns 311,207 shares as of less than 0.1%, now worth $11779184.95. The Greenwood Village Colorado 80111 based company has been outperforming the gold group over the past 52 weeks, with the stock gaining 56.35%, compared to the industry which has advanced 6.38% over the same period. Newmont Mining Corporation has a 1-year low of $16.05 and a 1-year high of $46.07. The firm's 50-day moving average is $35.17 and its 200 day moving average is $37.08. The company's market capitalization is $18.71 billion.

Shares of Newmont Mining Corporation's (NEM) are trading -17.47% downward from the 52-week high mark and 70.70% above from the fifty two-week low mark. Its monthly volatility value of 2.53% and volatility for the week is valued at 2.18%. The median estimate represents a 7% increase from the last price.

The company reported its EPS on 10/26/2016.

Many analysts are providing their Estimated Earnings analysis for Newmont Mining Corporation and for the current quarter 15 analysts have projected that the stock could give an Average Earnings estimate of $0.36/share.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 29th. It has a dividend yield of 0.32%. The corporation showed significant change in the EPS section with its current EPS of -0.69. Newmont Mining Corporation's dividend payout ratio (DPR) is now -19.42%. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Newmont Mining Corporation has an average rating of "Hold" and an average price target of $39.08. On a daily basis over the past month, the average true range of the stock, as expressed in percentage terms, is 1.9%. The shares have accelerated in recent weeks, with their price up about 3.88% in the past three months. Following the transaction, the executive vice president now owns 43,295 shares in the company, valued at $1,551,259.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Meanwhile, EVP, Human Resources MacGowan William N sold 2,006 shares worth $75000.29, through a transaction dated 2016-11-01. The stock was sold at an average price of $35.83, for a total transaction of $53,745.00. Following the completion of the transaction, the insider is left with a stake of 97,803 shares, amounting $3701843.55. The disclosure for this sale can be found here.

Newmont Mining Corp.is engaged in the production of gold, the exploration for gold and the acquisition and development of gold properties worldwide. The company's operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and Suriname.

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  • Zachary Reyes