The TD Securities Boosts Newmont Mining Corporation (NEM) Price Target to $50.00

03 Août, 2017, 05:36 | Author: Marc Bacque

Newmont Mining Corporation (NEM) ended its last session at $37.17 by Surging 0.3%. The institutional investor held 411,699 shares of the precious metals company at the end of 2016Q4, valued at $14.03 million, down from 512,130 at the end of the previous reported quarter.

03/16/2017 - Newmont Mining Corporation was downgraded to " by analysts at RBC Capital.

Other equities research analysts have also issued reports about the company.

Newmont Mining Corporation (NEM) has an annual dividend of $0.3, while its annual dividend yield is 0.81%. The overall volume in the last trading session was 5.3 million shares. Advisor Partners LLC boosted its position in shares of Newmont Mining Corporation by 0.7% in the first quarter. Acrospire Investment Management LLC now owns 4,900 shares of the basic materials company's stock valued at $162,000 after buying an additional 2,300 shares during the period. Vanguard Group Inc. boosted its stake in shares of Newmont Mining Corporation by 3.3% in the first quarter. Van ECK Associates Corp now owns 36,170,799 shares of the basic materials company's stock worth $1,192,190,000 after buying an additional 1,656,051 shares during the last quarter. Van ECK Associates Corp increased its stake in Newmont Mining Corporation by 4.8% in the first quarter. Flossbach Von Storch AG now owns 6,092,593 shares of the basic materials company's stock worth $200,812,000 after buying an additional 2,739,440 shares during the last quarter. Private Capital Advisors Inc. bought a new stake in shares of Newmont Mining Corporation during the first quarter valued at about $202,000. Inc. now owns 43,100 shares of the basic materials company's stock worth $1,421,000 after buying an additional 200 shares in the last quarter.

Newmont Mining Corporation (NEM) traded up 0.068% during trading on Wednesday, reaching $37.005. Newmont Mining Corporation has a 12-month low of $30.19 and a 12-month high of $46.07. Santa Barbara Asset Management Llc who had been investing in Enbridge Inc for a number of months, seems to be bullish on the $68.16 billion market cap company.

Newmont Mining Corporation (NYSE:NEM) last issued its earnings results on Tuesday, July 25th.

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Analysts expect News Corp (NASDAQ:NWSA) to report $0.09 EPS on August, 10 after the close.They anticipate $0.01 EPS change or 10.00% from last quarter's $0.1 EPS. Newmont Mining Corporation had a negative net margin of 8.70% and a positive return on equity of 6.24%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. The firm's revenue for the quarter was up 12.3% compared to the same quarter past year. Winslow Evans Crocker Inc holds 0% of its portfolio in Newmont Mining Corp (NYSE:NEM) for 9,066 shares.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. Newmont Mining Corporation's dividend payout ratio (DPR) is now -22.22%.

TRADEMARK VIOLATION NOTICE: This news story was posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this article on another website, it was illegally copied and reposted in violation of United States & worldwide copyright and trademark law. Howard Weil upgraded the shares of NEM in report on Monday, August 31 to "Outperform" rating. BMO Capital Markets reiterated a "buy" rating and issued a $40.00 target price on shares of Newmont Mining Corporation in a research note on Friday, April 21st. Credit Suisse Group reaffirmed a "buy" rating on shares of Newmont Mining Corporation in a report on Thursday, April 27th. Finally, Royal Bank Of Canada restated a hold rating and set a $39.00 target price on shares of Newmont Mining Corporation in a research report on Tuesday, May 30th. According to the most recently released broker notes, 4 analysts have a rating of "strong buy" on the stock, 9 analysts "buy", 5 analysts "neutral", 1 analysts "sell" and 0 analysts "strong sell". The stock now has a consensus rating of "Buy" and a consensus target price of $41.73. Also, EVP William N. Macgowan sold 2,007 shares of the company's stock in a transaction on Friday, July 28th. The shares were sold at an average price of $32.79, for a total value of $163,950.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

In other Newmont Mining Corporation news, COO Thomas Ronald Palmer sold 1,250 shares of the company's stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $36.59, for a total transaction of $73,436.13. Following the completion of the transaction, the chief operating officer now owns 91,862 shares in the company, valued at $2,921,211.60. The disclosure for this sale can be found here. Vanguard Group Inc. now owns 52,924,916 shares of the basic materials company's stock worth $1,744,405,000 after buying an additional 1,671,897 shares during the last quarter. The stock, after opening at $11.16, closed at $11.22 by scoring 0.45%.

Newmont Mining Corporation is a mining company, which is focused on the production of and exploration for gold and copper. The Firm is primarily a gold producer with activities and/or assets in the United States, Australia, Peru, Ghana and Suriname. The Company's divisions include North America, South America, Asia Pacific and Africa.

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