Economy

Newmont Mining Corp (NYSE:NEM) Institutional Investors Sentiment Unchanged in 2017 Q2

Newmont Mining Corp (NYSE:NEM) Institutional Investors Sentiment Unchanged in 2017 Q2”

Armistice Capital Llc sold 100,000 shares as Hanesbrands Inc (HBI)'s stock declined 1.43%. Sun Life Financial INC now owns 3,892 shares of the basic materials company's stock worth $126,000 after acquiring an additional 3,883 shares in the last quarter.

Returns and Valuations for American International Group, Inc.

Western New England Bancorp, Inc., formerly Westfield Financial, Inc., is a Massachusetts-chartered stock holding company. Days to cover decreased 0.0 to 2.0 and the short interest percentage is 0.02% as of August 31.

Newmont Mining Corporation (NYSE:NEM) last released its quarterly earnings results on Tuesday, July 25th. NEM's profit would be $154.65M giving it 32.27 P/E if the $0.29 EPS is correct.

On a similar note, analysts expect EPS of $0.29 in September 2017 quarter and $0.24 in December 2017 quarter, representing -43.14% and -27.27% growth, respectively. The stock's average target of $37.25 is -0.48% below today's ($37.43) share price.

The counter witnessed a trading volume of 1.6 million shares versus an average volume of 2.56 million shares during last trading session. Newmont Mining Corp (NYSE:NEM) has declined 1.49% since September 21, 2016 and is downtrending. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. As per Monday, January 11, the company rating was upgraded by Nomura. The firm's revenue for the quarter was up 12.3% compared to the same quarter previous year.

Since May 8, 2017, it had 0 insider purchases, and 3 sales for $2.45 million activity. (NYSE:HBI) was sold by Evans Gerald on Monday, May 8. (NYSE:HBI) on Tuesday, June 13.

Investors sentiment increased to 1.33 in Q2 2017. Its up 0.09, from 0.84 in 2017Q1. Westpac Bk owns 0% invested in Newmont Mining Corp (NYSE:NEM) for 35,267 shares. Canada Pension Plan Investment Board reported 48,783 shares stake. Bank of New York Mellon Corp now owns 9,135,286 shares of the basic materials company's stock valued at $301,099,000 after acquiring an additional 3,273,420 shares during the period. The California-based Knightsbridge Asset Management Llc has invested 5.22% in the stock.

Institutional Investors own 94.70% of Intercontinental Exchange, Inc. They expect $0.60 EPS, up 7.14% or $0.04 from last year's $0.56 per share. The highest EPS estimate is $0.35 and the lowest is $0.25. Bp Plc (Call) (NYSE:BP) was reduced too. Goldberg Gary J had sold 1,000 shares worth $33,050. $199,500 worth of Newmont Mining Corp (NYSE:NEM) shares were sold by Engel E Randall.

Newmont Mining Corporation (NYSE:NEM) has posted trailing 12 months earnings of $0.41 per share. Therefore 54% are positive. FBR Capital initiated Newmont Mining Corp (NYSE:NEM) rating on Friday, September 18. On Friday, April 28 the stock rating was maintained by Credit Suisse with "Buy". FBR Capital maintained Newmont Mining Corp (NYSE:NEM) rating on Thursday, November 10. RBC Capital Markets has "Sector Perform" rating and $20.0 target.

On Tuesday, August 1st, Thomas Ronald Palmer sold 1,250 shares of Newmont Mining Corporation stock. FBR Capital has "Mkt Perform" rating and $39 target. Every investor and other stake holder of firm are most concerned with its profitability. The firm earned "Equal-Weight" rating on Monday, April 18 by Barclays Capital. The original version of this news story can be viewed at https://www.truebluetribune.com/2017/09/22/thomas-ronald-palmer-sells-1250-shares-of-newmont-mining-corporation-nem-stock.html. The ratio improved, as 215 investment managers increased and opened new positions, while 230 cut down and sold equity positions in Newmont Mining Corp. 337.68 million shares or 4.93% more from 321.82 million shares in 2017Q1 were reported. Citigroup downgraded the shares of NEM in report on Tuesday, December 1 to "Neutral" rating. Finally, Scotiabank lifted their price objective on shares of Newmont Mining Corporation from $43.50 to $55.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 26th. Aqr Cap Mgmt Lc accumulated 1.27 million shares.

Newmont Mining Corporation is a mining company, which is focused on the production of and exploration for gold and copper. Of the analysts surveyed by Reuters that track McDonald's Corporation 10 of them rate its stock a hold.



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