Newmont Mining Corporation (NYSE:NEM) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

NEM has been the subject of a number of other research reports. Royal Bank Of Canada downgraded shares of Newmont Mining Corporation from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $43.00 to $38.00 in a report on Thursday, March 16th. They noted that the move was a valuation call. Vetr raised shares of Newmont Mining Corporation from a “buy” rating to a “strong-buy” rating and set a $40.38 price target for the company in a report on Tuesday, February 28th. Jefferies Group LLC set a $34.00 price target on shares of Newmont Mining Corporation and gave the company a “hold” rating in a report on Wednesday, February 22nd. Scotiabank reaffirmed a “sector perform” rating and issued a $58.00 price target on shares of Newmont Mining Corporation in a report on Tuesday, April 25th. Finally, Clarkson Capital downgraded shares of Newmont Mining Corporation from a “neutral” rating to a “sell” rating in a report on Tuesday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.62.

Analyst Recommendations for Newmont Mining Corporation (NYSE:NEM)

Newmont Mining Corporation (NYSE NEM) traded down 0.61% on Friday, hitting $32.84. The stock had a trading volume of 7,180,921 shares. The company’s 50 day moving average price is $33.66 and its 200 day moving average price is $34.13. The firm’s market cap is $17.51 billion. Newmont Mining Corporation has a 52-week low of $30.19 and a 52-week high of $46.07.

Newmont Mining Corporation (NYSE:NEM) last announced its quarterly earnings results on Monday, April 24th. The basic materials company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. Newmont Mining Corporation had a negative net margin of 8.70% and a positive return on equity of 6.24%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. Analysts expect that Newmont Mining Corporation will post $1.12 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 8th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Tuesday, June 6th. Newmont Mining Corporation’s dividend payout ratio (DPR) is presently -16.81%.

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In other news, insider Gary J. Goldberg sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $33.05, for a total transaction of $33,050.00. Following the transaction, the insider now directly owns 334,730 shares of the company’s stock, valued at $11,062,826.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP E Randall Engel sold 5,700 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $35.00, for a total transaction of $199,500.00. Following the transaction, the executive vice president now directly owns 256,800 shares in the company, valued at $8,988,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,200 shares of company stock worth $316,770. Corporate insiders own 0.32% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Cipher Capital LP bought a new position in shares of Newmont Mining Corporation during the fourth quarter worth approximately $713,000. Private Advisor Group LLC raised its position in shares of Newmont Mining Corporation by 1.0% in the fourth quarter. Private Advisor Group LLC now owns 10,540 shares of the basic materials company’s stock worth $362,000 after buying an additional 104 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Newmont Mining Corporation by 778.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,003,800 shares of the basic materials company’s stock worth $34,285,000 after buying an additional 889,499 shares during the period. Gyroscope Capital Management Group LLC raised its position in shares of Newmont Mining Corporation by 15.6% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 7,059 shares of the basic materials company’s stock worth $241,000 after buying an additional 952 shares during the period. Finally, Impala Asset Management LLC raised its position in shares of Newmont Mining Corporation by 14.7% in the fourth quarter. Impala Asset Management LLC now owns 1,822,229 shares of the basic materials company’s stock worth $62,083,000 after buying an additional 233,352 shares during the period. 81.60% of the stock is currently owned by institutional investors and hedge funds.

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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