Newmont Mining (NEM) Receiving Somewhat Positive Media Coverage, Analysis Finds

News coverage about Newmont Mining (NYSE:NEM) has trended somewhat positive on Saturday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Newmont Mining earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 42.2495060518978 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Several research firms have recently weighed in on NEM. B. Riley reaffirmed a “neutral” rating on shares of Newmont Mining in a research note on Wednesday, November 1st. BMO Capital Markets set a $45.00 price objective on shares of Newmont Mining and gave the company a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research raised shares of Newmont Mining from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a report on Tuesday. Royal Bank Of Canada reissued a “hold” rating and set a $43.00 price objective on shares of Newmont Mining in a report on Tuesday. Finally, FBR & Co set a $40.00 price objective on shares of Newmont Mining and gave the company a “hold” rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $42.74.

Shares of Newmont Mining (NYSE:NEM) traded down $0.52 during mid-day trading on Friday, reaching $35.40. 5,300,884 shares of the company traded hands, compared to its average volume of 4,239,661. The company has a current ratio of 4.18, a quick ratio of 3.58 and a debt-to-equity ratio of 0.33. Newmont Mining has a 12 month low of $30.40 and a 12 month high of $39.63. The stock has a market capitalization of $19,157.45, a price-to-earnings ratio of 25.84 and a beta of 0.10.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 8th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.85%. The ex-dividend date is Thursday, December 7th. Newmont Mining’s dividend payout ratio is currently 200.00%.

In other Newmont Mining news, insider Gary J. Goldberg sold 1,000 shares of Newmont Mining stock in a transaction on Friday, December 1st. The shares were sold at an average price of $36.98, for a total value of $36,980.00. Following the transaction, the insider now directly owns 334,730 shares of the company’s stock, valued at $12,378,315.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Elaine J. Dorward-King sold 10,250 shares of Newmont Mining stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $38.27, for a total transaction of $392,267.50. Following the completion of the transaction, the executive vice president now directly owns 82,114 shares in the company, valued at $3,142,502.78. The disclosure for this sale can be found here. Insiders sold 27,700 shares of company stock worth $1,038,458 over the last ninety days. Corporate insiders own 0.32% of the company’s stock.

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About Newmont Mining

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.

Insider Buying and Selling by Quarter for Newmont Mining (NYSE:NEM)

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