Brokerages expect Newmont Mining Corp (NYSE:NEM) to announce $0.28 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research . Three analysts have issued estimates for Newmont Mining’s earnings, with estimates ranging from $0.24 to $0.30. Newmont Mining reported earnings of $0.40 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 30%. The business is expected to report its next earnings report before the market opens on Thursday, February 21st.
According to Zacks, analysts expect that Newmont Mining will report full-year earnings of $1.23 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.28. For the next fiscal year, analysts forecast that the firm will post earnings of $1.14 per share, with EPS estimates ranging from $0.89 to $1.44. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Newmont Mining.
Get Newmont Mining alerts: Newmont Mining (NYSE:NEM) last posted its quarterly earnings results on Thursday, October 25th. The basic materials company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.22 by $0.11. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Newmont Mining had a positive return on equity of 6.19% and a negative net margin of 2.63%.
Several research firms have recently commented on NEM. BMO Capital Markets reissued a “buy” rating and issued a $46.00 price target on shares of Newmont Mining in a report on Friday, September 21st. Jefferies Financial Group reissued a “hold” rating and issued a $33.00 price objective on shares of Newmont Mining in a report on Monday, October 8th. TheStreet lowered Newmont Mining from a “b-” rating to a “c” rating in a report on Thursday, October 4th. Deutsche Bank set a $37.00 target price on Newmont Mining and gave the company a “hold” rating in a report on Tuesday, October 2nd. Finally, JPMorgan Chase & Co. lowered their target price on Newmont Mining from $47.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, September 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight stock. The company has a consensus rating of “Hold” and a consensus price target of $41.07.
In other Newmont Mining news, EVP Stephen P. Gottesfeld sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 26th. The stock was sold at an average price of $35.01, for a total value of $122,535.00. Following the completion of the sale, the executive vice president now directly owns 174,764 shares in the company, valued at $6,118,487.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, insider Thomas Ronald Palmer sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $31.51, for a total value of $39,387.50. Following the completion of the sale, the insider now owns 130,360 shares of the company’s stock, valued at $4,107,643.60. The disclosure for this sale can be found here . Insiders have sold 34,250 shares of company stock valued at $1,134,640 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.
Several large investors have recently made changes to their positions in NEM. Private Advisor Group LLC acquired a new position in shares of Newmont Mining in the third quarter worth $225,000. Levin Capital Strategies L.P. bought a new position in Newmont Mining in the third quarter valued at approximately $226,000. McQueen Ball & Associates Inc. bought a new position in Newmont Mining in the fourth quarter valued at approximately $229,000. Exane Asset Management bought a new position in Newmont Mining in the third quarter valued at approximately $255,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Newmont Mining in the second quarter valued at approximately $273,000. Institutional investors own 83.78% of the company’s stock.
Shares of NEM traded down $2.88 during mid-day trading on Monday, hitting $32.00. The company’s stock had a trading volume of 1,553,723 shares, 5,487,050. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.70 and a quick ratio of 4.02. The stock has a market capitalization of $18.31 billion, a P/E ratio of 21.95 and a beta of 0.14. Newmont Mining has a 1-year low of $29.06 and a 1-year high of $42.04.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 27th. Stockholders of record on Thursday, December 6th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Wednesday, December 5th. Newmont Mining’s dividend payout ratio (DPR) is presently 38.36%.
About Newmont Mining
Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold, copper, and silver. Its operations and/or assets are located in the United States, Australia, Peru, Ghana, and Suriname. As of February 22, 2018, the company had proven and probable gold reserves of 68.5 million ounces and an aggregate land position of approximately 23,000 square miles.
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