Newmont Mining (NEM) Scheduled to Post Quarterly Earnings on Thursday
Newmont Mining (NYSE:NEM) will issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Newmont Mining (NYSE:NEM) last released its earnings results on Thursday, February 21st. The basic materials company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.17. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Newmont Mining had a return on equity of 6.19% and a net margin of 4.70%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. On average, analysts expect Newmont Mining to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE NEM opened at $32.37 on Wednesday. The company has a market capitalization of $17.37 billion, a price-to-earnings ratio of 23.98 and a beta of 0.01. The company has a current ratio of 2.95, a quick ratio of 2.60 and a debt-to-equity ratio of 0.31. Newmont Mining has a 52 week low of $29.06 and a 52 week high of $41.49.
In other news, COO Thomas Ronald Palmer sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $34.13, for a total transaction of $42,662.50. Following the sale, the chief operating officer now owns 126,610 shares in the company, valued at approximately $4,321,199.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stephen P. Gottesfeld sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $35.06, for a total value of $122,710.00. Following the sale, the executive vice president now owns 157,264 shares in the company, valued at approximately $5,513,675.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,850 shares of company stock worth $1,469,194. Company insiders own 0.44% of the company’s stock.
NEM has been the topic of several research reports. Desjardins restated a “buy” rating and issued a $43.00 target price on shares of Newmont Mining in a research note on Thursday, April 4th. Raymond James set a $47.00 target price on Newmont Mining and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Canaccord Genuity upgraded Newmont Mining from a “hold” rating to a “buy” rating and boosted their target price for the company from $37.00 to $42.00 in a research note on Tuesday, January 15th. Credit Suisse Group restated a “buy” rating on shares of Newmont Mining in a research note on Wednesday, January 16th. Finally, B. Riley restated a “neutral” rating and issued a $38.40 target price on shares of Newmont Mining in a research note on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $41.03.
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About Newmont Mining
Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold, copper, and silver. Its operations and/or assets are located in the United States, Australia, Peru, Ghana, and Suriname. As of February 22, 2018, the company had proven and probable gold reserves of 68.5 million ounces and an aggregate land position of approximately 23,000 square miles.
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