Economy

Should You Sell Newmont Mining Corporation Based On Current Broker Views?

The corporation has a market cap of US$20.26 Billion. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Ghana and Suriname. It has a 15.88 P/E ratio. The Company's segments include North America, South America, Asia Pacific and Africa. Bessemer Group Inc, New Jersey-based fund reported 139 shares. After having $0.90 EPS previously, CIT Group Inc.'s analysts see -10.00% EPS growth. About shares traded. General Mills, Inc. National (NYSE:NOV) was reduced too.

Looking forward, the company's quarterly earnings are expected to come at $0.66 in the three months through September 2017 and $0.66 in the quarter ending December 2017, reflecting 1.54% and 53.49% growth, respectively. Its down 0.07, from 1.23 in 2017Q1. Of those transactions, there were 924,406 shares of NEM bought and 472,402 shares sold.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 145.43 million shares or 26.78% less from 198.63 million shares in 2017Q1 were reported. Gradient Limited Liability holds 0% or 239 shares in its portfolio. Ameriprise holds 0.28% of its portfolio in Charles Schwab Corp (NYSE:SCHW) for 12.93 million shares. (NYSE:GIS). Headinvest Limited Com reported 5,593 shares. Colony Grp Ltd Liability Corporation stated it has 4,260 shares or 0.01% of all its holdings. Hudson Bay Capital LP stated it has 42,231 shares. Aqr Capital Mgmt Limited Liability Corporation accumulated 0.01% or 145,091 shares. Leavell Management reported 0.03% in General Mills, Inc. Shares for $33,580 were sold by Goldberg Gary J on Thursday, June 1. Hbk Limited Partnership has invested 0.03% in BankUnited (NYSE:BKU). The legal version of this news story can be read at https://www.dispatchtribunal.com/2017/10/02/newmont-mining-corporation-nem-holdings-cut-by-accident-compensation-corp.html. (NYSE:CIT) for 37,082 shares. Federated Investors Pa owns 1.02M shares.

BankUnited, Inc.is the bank holding firm of BankUnited. The company has market cap of $6.64 billion. The Firm and its subsidiaries offer a range of personal and business banking services, consumer and commercial loans, equipment leasing, mortgages, insurance and wealth management services, including investment management, trust and estate administration, retirement planning, custody services, and tax planning and preparation from various location across Montgomery, Delaware, Chester, Philadelphia and Dauphin counties of Pennsylvania, and New Castle county in Delaware. It now has negative earnings.

The Charles Schwab Corporation is a savings and loan holding company. A 1 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of (NASDAQ:PDLI) or, if they already own its stock, sell it. Therefore 54% are positive. Bryn Mawr Bank had 6 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has "Hold" rating by RBC Capital Markets on Tuesday, May 30. The company was initiated on Friday, December 18 by JMP Securities. Stifel Nicolaus downgraded it to "Hold" rating and $41 target in Friday, October 7 report. As per Thursday, June 29, the company rating was maintained by Credit Suisse. (NYSE:CIT) on Monday, March 28 to "Neutral" rating. The overall volume in the last trading session was 2.77 million shares. SPERLING EDWARD K had sold 4,480 shares worth $205,009 on Friday, May 26. The stock was sold at an average price of $36.31, for a total value of $72,837.86. Following the transaction, the executive vice president now owns 82,114 shares of the company's stock, valued at $3,142,502.78. The California-based Knightsbridge Asset Management Llc has invested 5.22% in the stock.

Since April 3, 2017, it had 0 buys, and 4 sales for $336,960 activity. The stock rose 0.77% or $0.29 reaching $38.19 per share. The latest exchange of 1.88 Million shares is below its average trading activity of 2.73 Million shares. Newmont Mining Corp (NYSE:NEM) has declined 1.49% since October 2, 2016 and is downtrending. It has underperformed by 18.19% the S&P500.

07/14/2017 - Newmont Mining Corporation had its "hold" rating reiterated by analysts at Jefferies.

In the most updated research from a number of analysts on Wall Street, the company gets 12 Buys and 1 Sell among 20 analysts. Newmont Mining Corporation now has an average rating of "Buy" and an average price target of $40.96. NEM was included in 5 notes of analysts from October 17, 2016. FBR Capital maintained it with "Mkt Perform" rating and $39 target in Wednesday, July 20 report.

State Of New Jersey Common Pension Fund D sold 25,000 shares as Newmont Mining Corp (NEM)'s stock declined 9.13%. Argus raised shares of Newmont Mining Corporation from a "hold" rating to a "buy" rating and set a $43.00 target price on the stock in a research report on Thursday, July 27th. The firm has "Buy" rating by Bank of America given on Tuesday, November 22. Barclays Capital has "Overweight" rating and $45.0 target. Zacks Investment Research cut Newmont Mining Corp from a "hold" rating to a "strong sell" rating in a research report on Tuesday, January 10th. On average, equities research analysts expect that Newmont Mining Corporation will post $1.38 earnings per share for the current fiscal year. The company's revenue for the quarter was up 12.3% on a year-over-year basis. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.20.

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