Newmont Mining (NEM) Earning Somewhat Favorable Press Coverage, Analysis Finds

Headlines about Newmont Mining (NYSE:NEM) have trended somewhat positive on Wednesday, according to Accern. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Newmont Mining earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 46.1396363919914 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have effected Accern’s rankings:

Several brokerages recently weighed in on NEM. Zacks Investment Research raised shares of Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Wednesday, October 18th. Royal Bank of Canada reissued a “hold” rating and set a $43.00 price target on shares of Newmont Mining in a research report on Tuesday, December 5th. TheStreet raised shares of Newmont Mining from a “c+” rating to a “b” rating in a research report on Wednesday, October 11th. FBR & Co set a $40.00 price target on shares of Newmont Mining and gave the company a “hold” rating in a research report on Tuesday, October 31st. Finally, BMO Capital Markets set a $45.00 price target on shares of Newmont Mining and gave the company a “buy” rating in a research report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $42.64.

Shares of Newmont Mining (NYSE:NEM) traded up $0.23 on Wednesday, hitting $38.34. 3,540,000 shares of the company traded hands, compared to its average volume of 4,890,000. The company has a quick ratio of 3.58, a current ratio of 4.18 and a debt-to-equity ratio of 0.33. Newmont Mining has a 12 month low of $31.42 and a 12 month high of $39.62. The company has a market capitalization of $20,450.00, a P/E ratio of 54.77 and a beta of 0.10.

Newmont Mining (NYSE:NEM) last posted its earnings results on Thursday, October 26th. The basic materials company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Newmont Mining had a net margin of 1.18% and a return on equity of 6.20%. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. equities analysts predict that Newmont Mining will post 1.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 8th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Thursday, December 7th. Newmont Mining’s dividend payout ratio (DPR) is presently 42.86%.

In other Newmont Mining news, insider Gary J. Goldberg sold 1,000 shares of Newmont Mining stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $37.89, for a total value of $37,890.00. Following the completion of the sale, the insider now owns 156,096 shares of the company’s stock, valued at approximately $5,914,477.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Thomas Ronald Palmer sold 1,250 shares of Newmont Mining stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $37.89, for a total transaction of $47,362.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,700 shares of company stock valued at $1,020,676. 0.32% of the stock is currently owned by insiders.

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About Newmont Mining

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.

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

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