The firm has "Neutral" rating given on Tuesday, May 10 by Compass Point. Highlander Capital Management Ltd Liability Com invested in 1,754 shares or 0.05% of the stock. The analysts estimated sales for the higher end at 1821.15 million and lower end at 1707.18 million while the year ago reported sale was 2188.87 million.
TRADEMARK VIOLATION NOTICE: "Newmont Mining Corp (NEM) Given New $54.00 Price Target at BMO Capital Markets" was originally reported by Community Financial News and is the property of of Community Financial News.
Previously Newmont Mining Corp (NYSE:NEM) reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. Revenue for the quarter also did not kill consensus, coming in at $1.66B, compared to the consensus of 1.72B. Mgic Investment Corp now has $4.00 billion valuation. The company's revenue for the quarter was up 13.5% on a year-over-year basis.
Other equities analysts also recently issued reports about the company. Newmont Mining Corporation has far performed well this year, with the share price down -0.79% since January. TD Securities reiterated a "hold" rating and set a $48.50 price target on shares of Newmont Mining Corp in a research report on Tuesday, April 25th. The firm earned "Sector Perform" rating on Monday, March 7 by RBC Capital Markets. RBC Capital Markets downgraded it to "Sector Perform" rating and $20.0 target in Thursday, January 7 report. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. PNR's profit will be $183.07M for 16.31 P/E if the $1.00 EPS becomes a reality. If you are reading this piece on another domain, it was illegally copied and republished in violation of worldwide trademark and copyright legislation. The New York-based Van Eck Associates Corp has invested 5.86% in the stock. On Monday, October 17 the stock rating was upgraded by Barclays Capital to "Overweight". They presently have a C$4.00 price target on the stock. The White Elm Capital Llc holds 173,271 shares with $14.07 million value, down from 233,171 last quarter. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Lawson Scott P sold $53,745 worth of Newmont Mining Corp (NYSE:NEM) on Tuesday, January 31. The lowest 12-month price target for the shares is $27.00, which would be decrease of about -20% of its current value. The disclosure for this sale can be found here.
During last 5 trades the stock sticks nearly 2.20%. The stock declined 0.53% or $0.18 reaching $33.69 on the news.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica National Bank & Trust, Michigan-based fund reported 182,491 shares. Finally, Renaissance Technologies LLC raised its stake in shares of Newmont Mining Corp by 112.2% in the fourth quarter.
Becker Capital Management Inc decreased Hp Inc stake by 38,070 shares to 1.64 million valued at $24.32 million in 2016Q4. Private Capital Advisors Inc. bought a new stake in shares of Newmont Mining Corp during the first quarter worth $202,000. The Free Cash Flow Yield 5 Year Average of Newmont Mining Corporation (NYSE:NEM) is 0.007748. A total of 2.54 million shares exchanged hands as contrast to its average trading volume of 2.68 million shares. The company has market cap of $95.92 million. Relative Strength Index (RSI) of the company is 63.23. Newmont Mining Corp has a 52 week low of $30.19 and a 52 week high of $46.07. 9,629 shares valued at $125,755 were sold by Robinson Kristen on Tuesday, February 28. This percentage is calculated by adding the dividend yield plus the percentage of shares repurchased.
11/22/2016 - Newmont Mining Corporation was upgraded to "buy" by analysts at Bank of America Merrill Lynch. More interesting news about Newmont Mining Corp (NYSE:NEM) were released by: Reuters.com and their article: "BRIEF-Continental Gold announces agreement with Newmont Mining Corp to ..." published on May 11, 2017 as well as Reuters.com's news article titled: "BRIEF-Newmont Mining Corp declares quarterly dividend $0.05 per share" with publication date: April 19, 2017. The Company's segments include North America, South America, Asia Pacific and Africa.