Newmont Mining (NEM) Set to Announce Earnings on Thursday

Newmont Mining (NYSE:NEM) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, February 22nd. Analysts expect Newmont Mining to post earnings of $0.38 per share for the quarter.

Newmont Mining (NYSE NEM) opened at $38.39 on Wednesday. Newmont Mining has a fifty-two week low of $31.42 and a fifty-two week high of $42.04. The stock has a market capitalization of $20,470.00, a price-to-earnings ratio of 54.84 and a beta of 0.24. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.18 and a quick ratio of 3.58.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th will be issued a $0.14 dividend. This is an increase from Newmont Mining’s previous quarterly dividend of $0.08. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.46%. Newmont Mining’s dividend payout ratio (DPR) is currently 42.86%.

In other Newmont Mining news, EVP E Randall Engel sold 5,700 shares of Newmont Mining stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $40.23, for a total transaction of $229,311.00. Following the completion of the sale, the executive vice president now owns 239,700 shares of the company’s stock, valued at approximately $9,643,131. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Elaine J. Dorward-King sold 10,250 shares of Newmont Mining stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $36.48, for a total value of $373,920.00. Following the sale, the executive vice president now directly owns 71,864 shares of the company’s stock, valued at approximately $2,621,598.72. The disclosure for this sale can be found here. Insiders sold a total of 27,700 shares of company stock valued at $1,050,806 in the last three months. Insiders own 0.32% of the company’s stock.

A number of research analysts have recently issued reports on the company. Deutsche Bank downgraded Newmont Mining from a “buy” rating to a “hold” rating and cut their price target for the company from $42.00 to $40.00 in a report on Tuesday, January 16th. Scotiabank set a $48.00 price target on Newmont Mining and gave the company a “buy” rating in a report on Monday, January 15th. Zacks Investment Research downgraded Newmont Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, January 19th. BMO Capital Markets reiterated a “buy” rating and issued a $43.00 price target on shares of Newmont Mining in a report on Wednesday, December 20th. Finally, TheStreet downgraded Newmont Mining from a “b-” rating to a “c” rating in a report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $41.80.

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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.

Earnings History for Newmont Mining (NYSE:NEM)

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