News articles about Newmont Mining (NYSE:NEM) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Newmont Mining earned a news impact score of 0.15 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 46.8726620233844 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Newmont Mining (NEM) Earns “Neutral” Rating from B. Riley (americanbankingnews.com)
- Lagging Miners Send Bearish Signal for Gold (wsj.com)
- DRAMATIC TWISTS COULD UPEND, BUT SHAREHOLDERS SHY AWAY:: Newmont Mining Corporation, (NYSE … (globalexportlines.com)
- Barrick Gold founder, philanthropist Peter Munk dies at 90 (finance.yahoo.com)
- Scotiabank Reiterates $48.00 Price Target for Newmont Mining (NEM) (americanbankingnews.com)
Several research analysts have recently commented on the stock. BMO Capital Markets set a $46.00 price target on shares of Newmont Mining and gave the company a “buy” rating in a report on Wednesday. B. Riley lifted their price target on shares of Newmont Mining from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. ValuEngine raised shares of Newmont Mining from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research lowered shares of Newmont Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, January 19th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $49.00 price target on shares of Newmont Mining in a report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $42.79.
Newmont Mining (NYSE:NEM) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.40 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.92 billion. Newmont Mining had a negative net margin of 1.33% and a positive return on equity of 6.52%. Newmont Mining’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.25 EPS. equities analysts anticipate that Newmont Mining will post 1.43 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.43%. This is an increase from Newmont Mining’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, March 7th. Newmont Mining’s payout ratio is 38.36%.
In other Newmont Mining news, EVP Stephen P. Gottesfeld sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $37.91, for a total transaction of $189,550.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Thomas Ronald Palmer sold 1,250 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $37.89, for a total transaction of $47,362.50. The disclosure for this sale can be found here. Insiders have sold a total of 17,450 shares of company stock worth $680,266 over the last 90 days. 0.36% of the stock is owned by insiders.
Newmont Mining Company Profile
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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