Newmont Mining Corp (NEM) Earning Somewhat Positive Media Coverage, Analysis Finds

News coverage about Newmont Mining Corp (NYSE:NEM) has been trending somewhat positive this week, AlphaOne reports. The research firm, a service of Accern, identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Newmont Mining Corp earned a media sentiment score of 0.16 on AlphaOne’s scale. AlphaOne also assigned news articles about the basic materials company an impact score of 55 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the immediate future.

Here are some of the media stories that may have impacted Alpha One’s analysis:

Several research firms have recently issued reports on NEM. Vetr raised shares of Newmont Mining Corp from a “strong sell” rating to a “buy” rating and set a $40.80 price objective for the company in a research report on Tuesday, February 7th. Zacks Investment Research raised shares of Newmont Mining Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, February 1st. Jefferies Group LLC set a $34.00 target price on shares of Newmont Mining Corp and gave the company a “hold” rating in a research note on Wednesday, February 22nd. FBR & Co restated a “hold” rating on shares of Newmont Mining Corp in a research note on Thursday, February 23rd. Finally, Royal Bank of Canada downgraded shares of Newmont Mining Corp from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $43.00 to $38.00 in a research note on Thursday, March 16th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $42.46.

Newmont Mining Corp (NYSE:NEM) opened at 33.05 on Wednesday. The company’s market capitalization is $17.62 billion. The stock has a 50 day moving average of $33.64 and a 200-day moving average of $34.08. Newmont Mining Corp has a 52-week low of $30.19 and a 52-week high of $46.07.

Newmont Mining Corp (NYSE:NEM) last posted its quarterly earnings results on Monday, April 24th. The basic materials company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. Newmont Mining Corp had a positive return on equity of 4.94% and a negative net margin of 6.99%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the prior year, the business earned $0.34 EPS. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, equities analysts forecast that Newmont Mining Corp will post $1.12 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 8th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Tuesday, June 6th. Newmont Mining Corp’s dividend payout ratio (DPR) is presently -19.42%.

In other Newmont Mining Corp news, EVP William N. Macgowan sold 2,006 shares of the stock in a transaction on Friday, February 24th. The stock was sold at an average price of $36.31, for a total transaction of $72,837.86. Following the transaction, the executive vice president now owns 91,462 shares in the company, valued at approximately $3,320,985.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary J. Goldberg sold 1,000 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $33.05, for a total value of $33,050.00. Following the transaction, the insider now owns 334,730 shares in the company, valued at approximately $11,062,826.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,257 shares of company stock worth $734,443. 0.22% of the stock is owned by company insiders.

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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.

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