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%.
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.
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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