Shares of Newmont Mining Corporation (NYSE:NEM) have earned a consensus rating of “Buy” from the twenty-two research firms that are covering the stock. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $40.37.

A number of brokerages recently issued reports on NEM. Vetr raised Newmont Mining Corporation from a “strong sell” rating to a “buy” rating and set a $40.80 price target on the stock in a research report on Tuesday, February 7th. Zacks Investment Research downgraded Newmont Mining Corporation from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. J P Morgan Chase & Co raised Newmont Mining Corporation from a “neutral” rating to an “overweight” rating and set a $43.00 price target on the stock in a research report on Thursday, November 3rd. FBR & Co reduced their price target on Newmont Mining Corporation from $40.00 to $39.00 and set a “market perform” rating on the stock in a research report on Thursday, November 10th. Finally, Mackie raised Newmont Mining Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 31st.

In related news, EVP Scott P. Lawson sold 1,500 shares of the firm’s stock in a transaction on Tuesday, January 31st. The stock was sold at an average price of $35.83, for a total transaction of $53,745.00. Following the sale, the executive vice president now owns 43,295 shares of the company’s stock, valued at approximately $1,551,259.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.22% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. United Asset Strategies Inc. increased its stake in Newmont Mining Corporation by 0.5% in the second quarter. United Asset Strategies Inc. now owns 9,622 shares of the company’s stock valued at $376,000 after buying an additional 47 shares during the period. Winslow Evans & Crocker Inc. increased its stake in Newmont Mining Corporation by 1.0% in the third quarter. Winslow Evans & Crocker Inc. now owns 9,846 shares of the company’s stock valued at $387,000 after buying an additional 100 shares during the period. Ancora Advisors LLC increased its stake in Newmont Mining Corporation by 0.4% in the fourth quarter. Ancora Advisors LLC now owns 22,522 shares of the company’s stock valued at $767,000 after buying an additional 100 shares during the period. Private Advisor Group LLC increased its stake in Newmont Mining Corporation by 1.0% in the fourth quarter. Private Advisor Group LLC now owns 10,540 shares of the company’s stock valued at $362,000 after buying an additional 104 shares during the period. Finally, Cim Investment Mangement Inc. increased its stake in Newmont Mining Corporation by 1.2% in the fourth quarter. Cim Investment Mangement Inc. now owns 13,748 shares of the company’s stock valued at $468,000 after buying an additional 169 shares during the period. 82.02% of the stock is currently owned by institutional investors.

Newmont Mining Corporation (NYSE:NEM) traded down 1.25% during midday trading on Friday, reaching $37.10. The company had a trading volume of 2,444,883 shares. The stock has a 50-day moving average price of $35.83 and a 200 day moving average price of $36.91. The company’s market capitalization is $19.69 billion. Newmont Mining Corporation has a 12-month low of $24.08 and a 12-month high of $46.07.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Investors of record on Thursday, March 9th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. Newmont Mining Corporation’s dividend payout ratio (DPR) is -19.42%.

“Newmont Mining Corporation (NEM) Given Average Recommendation of “Buy” by Analysts” was published by Financial Market News and is the property of of Financial Market News. If you are reading this story on another domain, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The legal version of this story can be accessed at http://www.financial-market-news.com/newmont-mining-corporation-nem-given-average-recommendation-of-buy-by-analysts/1321554/.

Newmont Mining Corporation Company Profile

Newmont Mining Corporation is a global 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, Indonesia, Ghana and Suriname. Its segments are North America, South America, Asia Pacific and Africa.

5 Day Chart for NYSE:NEM

Receive News & Ratings for Newmont Mining Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont Mining Corporation and related companies with MarketBeat.com's FREE daily email newsletter.