Newmont Mining Corp (NEM) to Issue Quarterly Dividend of $0.08 on December 28th

Newmont Mining Corp (NYSE:NEM) declared a quarterly dividend on Tuesday, October 24th, RTT News reports. Shareholders of record on Friday, December 8th will be given a dividend of 0.075 per share by the basic materials company on Thursday, December 28th. This represents a $0.30 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Thursday, December 7th.

Newmont Mining has decreased its dividend payment by an average of 53.3% per year over the last three years. Newmont Mining has a payout ratio of 20.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Newmont Mining to earn $1.27 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 23.6%.

Newmont Mining (NEM) opened at $36.20 on Wednesday. Newmont Mining has a 52 week low of $30.40 and a 52 week high of $39.63. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.58 and a current ratio of 4.18. The company has a market capitalization of $19,648.12, a price-to-earnings ratio of 26.50 and a beta of 0.10.

Newmont Mining (NYSE:NEM) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. Newmont Mining had a return on equity of 6.20% and a net margin of 1.18%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the company earned $0.38 EPS. The company’s revenue was up 4.9% on a year-over-year basis. equities analysts forecast that Newmont Mining will post 1.44 earnings per share for the current year.

In related news, EVP E Randall Engel sold 5,700 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $36.44, for a total transaction of $207,708.00. Following the sale, the executive vice president now owns 122,178 shares of the company’s stock, valued at approximately $4,452,166.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Elaine J. Dorward-King sold 10,250 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $38.27, for a total value of $392,267.50. Following the sale, the executive vice president now directly owns 82,114 shares in the company, valued at approximately $3,142,502.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,700 shares of company stock worth $1,038,458. Company insiders own 0.32% of the company’s stock.

A number of equities analysts have commented on NEM shares. Royal Bank Of Canada set a $41.00 price objective on Newmont Mining and gave the stock a “hold” rating in a research note on Monday, August 28th. B. Riley restated a “neutral” rating on shares of Newmont Mining in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, October 18th. BidaskClub downgraded Newmont Mining from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, BMO Capital Markets set a $40.00 target price on Newmont Mining and gave the company a “buy” rating in a report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $42.74.

COPYRIGHT VIOLATION NOTICE: “Newmont Mining Corp (NEM) to Issue Quarterly Dividend of $0.08 on December 28th” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://stocknewstimes.com/2017/12/06/newmont-mining-corp-nem-to-issue-quarterly-dividend-of-0-08-on-december-28th.html.

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.

Dividend History for Newmont Mining (NYSE:NEM)

Receive News & Ratings for Newmont Mining Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont Mining Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply