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HomeMarketResultsNewmont Co. (NYSE:NEM) Receives Consensus Recommendation of "Hold" from Analysts

Newmont Co. (NYSE:NEM) Receives Consensus Recommendation of “Hold” from Analysts


Shares of Newmont Co. (NYSE:NEMGet Rating) have been given a median advice of “Maintain” by the eighteen analysis corporations which can be overlaying the inventory, MarketBeat.com studies. Seven funding analysts have rated the inventory with a maintain score and 6 have issued a purchase score on the corporate. The common 1-year goal value amongst brokers which have up to date their protection on the inventory within the final yr is $63.56.

A number of analysis analysts have issued studies on the corporate. StockNews.com assumed protection on Newmont in a analysis report on Wednesday, October twelfth. They set a “maintain” score for the corporate. Basic Analysis restated a “purchase” score and set a $52.00 goal value (down beforehand from $63.91) on shares of Newmont in a analysis report on Tuesday, November fifteenth. UBS Group upgraded Newmont from a “impartial” score to a “purchase” score and set a $50.00 goal value for the corporate in a analysis report on Tuesday, September sixth. Raymond James dropped their goal value on Newmont from $60.00 to $58.00 and set an “outperform” score for the corporate in a analysis report on Wednesday, November 2nd. Lastly, Eight Capital lowered their value goal on Newmont to $58.00 in a report on Thursday, October twenty seventh.

Newmont Buying and selling Up 0.7 %

Shares of NYSE NEM opened at $47.85 on Friday. The enterprise’s 50 day transferring common is $44.80 and its two-hundred day transferring common is $48.03. The corporate has a debt-to-equity ratio of 0.28, a present ratio of two.72 and a fast ratio of two.29. Newmont has a 1-year low of $37.45 and a 1-year excessive of $86.37. The inventory has a market capitalization of $37.98 billion, a P/E ratio of 37.98 and a beta of 0.28.

Newmont (NYSE:NEMGet Rating) final introduced its earnings outcomes on Tuesday, November 1st. The essential supplies firm reported $0.27 earnings per share (EPS) for the quarter, lacking the consensus estimate of $0.29 by ($0.02). Newmont had a internet margin of 8.28% and a return on fairness of 8.07%. The enterprise had income of $2.63 billion for the quarter, in comparison with analysts’ expectations of $2.79 billion. As a gaggle, analysis analysts count on that Newmont will put up 1.83 EPS for the present yr.

Newmont Publicizes Dividend

The enterprise additionally not too long ago introduced a quarterly dividend, which will likely be paid on Thursday, December twenty ninth. Shareholders of document on Thursday, December eighth will likely be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, December seventh. This represents a $2.20 dividend on an annualized foundation and a yield of 4.60%. Newmont’s dividend payout ratio is at the moment 174.60%.

Insiders Place Their Bets

In different Newmont information, COO Robert D. Atkinson offered 3,000 shares of the corporate’s inventory in a transaction on Thursday, December 1st. The inventory was offered at a median value of $48.42, for a complete transaction of $145,260.00. Following the completion of the sale, the chief working officer now owns 36,947 shares within the firm, valued at $1,788,973.74. The transaction was disclosed in a doc filed with the SEC, which will be accessed by means of this link. In different information, COO Robert D. Atkinson offered 3,000 shares of the corporate’s inventory in a transaction on Thursday, December 1st. The inventory was offered at a median value of $48.42, for a complete transaction of $145,260.00. Following the transaction, the chief working officer now immediately owns 36,947 shares of the corporate’s inventory, valued at $1,788,973.74. The sale was disclosed in a authorized submitting with the SEC, which is accessible by means of the SEC website. Additionally, insider Mark Casper offered 4,890 shares of the corporate’s inventory in a transaction on Wednesday, November 2nd. The inventory was offered at a median value of $41.98, for a complete worth of $205,282.20. Following the transaction, the insider now immediately owns 18,217 shares within the firm, valued at $764,749.66. The disclosure for this sale will be discovered here. Insiders offered a complete of 46,890 shares of firm inventory price $2,083,382 during the last 90 days. Firm insiders personal 0.11% of the corporate’s inventory.

Hedge Funds Weigh In On Newmont

A number of hedge funds have not too long ago made adjustments to their positions in NEM. GSA Capital Companions LLP acquired a brand new place in shares of Newmont within the 1st quarter valued at $328,000. NN Funding Companions Holdings N.V. acquired a brand new place in shares of Newmont within the 1st quarter valued at $2,551,000. Massachusetts Monetary Providers Co. MA grew its place in Newmont by 33.3% throughout the 1st quarter. Massachusetts Monetary Providers Co. MA now owns 252,562 shares of the fundamental supplies firm’s inventory price $20,066,000 after buying an extra 63,056 shares throughout the interval. Raymond James Monetary Providers Advisors Inc. grew its place in Newmont by 9.2% throughout the 1st quarter. Raymond James Monetary Providers Advisors Inc. now owns 159,018 shares of the fundamental supplies firm’s inventory price $12,634,000 after buying an extra 13,426 shares throughout the interval. Lastly, Intersect Capital LLC acquired a brand new stake in Newmont throughout the 1st quarter price about $229,000. 77.60% of the inventory is owned by institutional traders and hedge funds.

About Newmont

(Get Rating)

Newmont Company engages within the manufacturing and exploration of gold. It additionally explores for copper, silver, zinc, and lead. The corporate has operations and/or property in the USA, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of December 31, 2021, it had confirmed and possible gold reserves of 92.8 million ounces and land place of 62,800 sq. kilometers.

Featured Tales

Analyst Recommendations for Newmont (NYSE:NEM)

This immediate information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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