Newmont Mining Corp (NYSE:NEM) was downgraded by Clarkson Capital from a “neutral” rating to a “sell” rating in a research note issued to investors on Tuesday.

NEM has been the topic of several other reports. Vetr lowered shares of Newmont Mining Corp from a “strong-buy” rating to a “buy” rating and set a $33.23 price objective on the stock. in a report on Monday, December 19th. Credit Suisse Group AG reiterated a “buy” rating and set a $51.00 price objective on shares of Newmont Mining Corp in a report on Tuesday, December 20th. Scotiabank lowered shares of Newmont Mining Corp from an “outperform” rating to a “sector perform” rating and set a $42.00 price objective on the stock. in a report on Tuesday, January 10th. Zacks Investment Research lowered shares of Newmont Mining Corp from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 10th. Finally, Royal Bank of Canada lowered shares of Newmont Mining Corp from an “outperform” rating to a “sector perform” rating and cut 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $39.63.

Analyst Recommendations for Newmont Mining Corp (NYSE:NEM)

Shares of Newmont Mining Corp (NYSE:NEM) traded up 1.262% on Tuesday, reaching $34.095. 4,970,623 shares of the company traded hands. The company has a 50-day moving average of $33.66 and a 200-day moving average of $34.52. The stock’s market capitalization is $18.11 billion. Newmont Mining Corp has a 1-year low of $30.19 and a 1-year high of $46.07.

Newmont Mining Corp (NYSE:NEM) last announced its quarterly earnings data on Tuesday, February 21st. The basic materials company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.06. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Newmont Mining Corp had a positive return on equity of 4.94% and a negative net margin of 6.99%. The company’s revenue was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.04 earnings per share. Analysts anticipate that Newmont Mining Corp will post $1.04 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 8th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, June 6th. Newmont Mining Corp’s dividend payout ratio is presently -19.42%.

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In other Newmont Mining Corp news, EVP William N. Macgowan sold 2,006 shares of Newmont Mining Corp stock in a transaction on Friday, February 24th. The shares were sold at an average price of $36.31, for a total value of $72,837.86. Following the completion of the transaction, the executive vice president now owns 91,462 shares of the company’s stock, valued at $3,320,985.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gary J. Goldberg sold 1,000 shares of Newmont Mining Corp stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $33.05, for a total transaction of $33,050.00. Following the completion of the transaction, the insider now directly owns 334,730 shares of the company’s stock, valued at approximately $11,062,826.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,257 shares of company stock valued at $703,968. 0.22% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in NEM. Winslow Evans & Crocker Inc. increased its position in shares of Newmont Mining Corp by 1.0% in the third quarter. Winslow Evans & Crocker Inc. now owns 9,846 shares of the basic materials company’s stock valued at $387,000 after buying an additional 100 shares during the period. Ancora Advisors LLC increased its position in shares of Newmont Mining Corp by 0.4% in the fourth quarter. Ancora Advisors LLC now owns 22,522 shares of the basic materials company’s stock valued at $767,000 after buying an additional 100 shares during the period. Private Advisor Group LLC increased its position in shares of Newmont Mining Corp by 1.0% in the fourth quarter. Private Advisor Group LLC now owns 10,540 shares of the basic materials company’s stock valued at $362,000 after buying an additional 104 shares during the period. Cim Investment Mangement Inc. increased its position in shares of Newmont Mining Corp by 1.2% in the fourth quarter. Cim Investment Mangement Inc. now owns 13,748 shares of the basic materials company’s stock valued at $468,000 after buying an additional 169 shares during the period. Finally, P.R. Herzig & Co. Inc. increased its position in shares of Newmont Mining Corp by 0.5% in the first quarter. P.R. Herzig & Co. Inc. now owns 43,100 shares of the basic materials company’s stock valued at $1,421,000 after buying an additional 200 shares during the period. 82.02% of the stock is owned by institutional investors.

About Newmont Mining Corp

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.

5 Day Chart for NYSE:NEM

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