Economy

Earnings Analysis Of Newmont Mining Corporation (NEM)

In the last ninety days, insiders have sold 29,707 shares of company stock worth $1,120,866. The Bailard Inc holds 8,870 shares with $733,000 value, down from 12,610 last quarter. Jpmorgan Chase & Co now has $339.26B valuation. Insiders own 0.22% of the company's stock. About shares traded. Ritchie Bros. (NYSE:COF) has risen 13.81% since October 10, 2016 and is uptrending. It has outperformed by 35.60% the S&P500.

Newmont Mining Corporation (NYSE:NEM) had an increase of 37.24% in short interest. NEM's SI was 10.66M shares in October as released by FINRA. Comml Bank Of New York Mellon Corp holds 9.45M shares or 0.09% of its portfolio. (NYSE:YUMC) have diverse level of ownership with Newmont Mining Corporation (NYSE:NEM). The SI to Newmont Mining Corporation's float is 2.01%. About 19,976 shares traded. Newmont Mining Corp (NYSE:NEM) has declined 1.49% since October 10, 2016 and is downtrending. It has underperformed by 6.07% the S&P500.

Investors sentiment increased to 1.2 in Q2 2017. Its up 0.09, from 0.84 in 2017Q1. APG Asset Management N.V. now owns 8,398,603 shares of the basic materials company's stock worth $276,818,000 after buying an additional 689,500 shares during the last quarter. 38 funds opened positions while 45 raised stakes. The stock rose 0.20% or $0.19 reaching $96.6 per share. Principal Group Inc holds 1.04 million shares or 0.03% of its portfolio. Cadinha And Ltd Co stated it has 0.12% in 3M Co (NYSE:MMM). Schwab Charles Investment Mngmt Incorporated reported 1.85 million shares. It also reduced Fedex Corp (NYSE:FDX) stake by 11,502 shares and now owns 4,180 shares. PETERSMEYER GARY S had sold 2,200 shares worth $91,097. 1 are held by Riggs Asset Managment Co Inc. Dupont Mgmt Corp invested in 31,711 shares or 0.15% of the stock. Comerica Savings Bank holds 49,744 shares. It also reduced Fly Leasing Ltd (NYSE:FLY) stake by 56,316 shares and now owns 370,215 shares. The dividend was $0.075 per share for the quarter which is $0.30 annualized. Parametrica Mgmt Ltd invested in 1,222 shares. Flossbach Von Storch Ag holds 7.87 million shares or 2.9% of its portfolio. Principal Financial Gru accumulated 1.04M shares. (NYSE:COF) to report earnings on October, 24. NEM's profit would be $154.65 million giving it 33.04 P/E if the $0.29 EPS is correct. After $1.96 actual EPS reported by Capital One Financial Corp. for the previous quarter, Wall Street now forecasts 11.22% EPS growth. Moreover, Foundation Resource Management Inc has 5.81% invested in the company for 1.00 million shares. 2,006 shares were sold by MacGowan William N, worth $70,210. On Monday, June 5 the insider LIPPS RANDALL A sold $425,700.

Among 24 analysts covering Newmont Mining Corporation (NYSE:NEM), 13 have Buy rating, 0 Sell and 11 Hold. Therefore 89% are positive. JPMorgan Chase & Co had 77 analyst reports since July 21, 2015 according to SRatingsIntel. (NYSE:PXD) stake by 12,642 shares to 93,614 valued at $14.94 million in 2017Q2. As per Thursday, June 8, the company rating was maintained by Robert W. Baird. The rating was downgraded by HSBC on Monday, October 26 to "Hold". The stock has "Overweight" rating by JP Morgan on Thursday, November 3. (NASDAQ:OMCL) has "Buy" rating given on Tuesday, July 25 by Cantor Fitzgerald. Oppenheimer has "Outperform" rating and $98 target. (NYSE:JPM) on Friday, January 15 with "Buy" rating. Ticker has price to earnings growth of 2.17, which is a valuation metric for determining relative trade-off among price of a stock. Cornerstone Capital Management Holdings LLC. now owns 572,691 shares of the basic materials company's stock valued at $18,547,000 after buying an additional 214,951 shares during the period. Royal Dutch Shell Plc was raised too. Arizona State Retirement System owns 0.13% invested in Newmont Mining Corp (NYSE:NEM) for 286,197 shares.

In the latest earnings report the EPS was $-0.90 and is projected to be $1.39 for the current year with 533,271,000 shares presently outstanding. Therefore 54% are positive. On average, equities analysts predict that Newmont Mining Corporation will post $1.38 EPS for the current year. The ex-dividend date of this dividend was Wednesday, September 13th. Fmr Ltd holds 0.02% of its portfolio in Newmont Mining Corp (NYSE:NEM) for 4.96 million shares. The firm has "Buy" rating given on Wednesday, June 28 by BMO Capital Markets. (NYSE:COF) rating on Tuesday, January 3. The company was upgraded on Friday, September 4 by Robert W. Baird. As per Wednesday, July 20, the company rating was maintained by FBR Capital. The stock of Newmont Mining Corp (NYSE:NEM) earned "Sector Perform" rating by Scotia Capital on Wednesday, April 26. Clearbridge Investments Ltd Company invested 0% of its portfolio in Newmont Mining Corp (NYSE:NEM). The company's market capitalization is $20.37 billion. The Firm is primarily a gold producer with activities and/or assets in the United States, Australia, Peru, Ghana and Suriname. It has a 92.54 P/E ratio. The Business's segments include North America, South America, Asia Pacific and Africa. Its up 0.09, from 0.84 in 2017Q1. It is positive, as 73 investors sold Newmont Mining Corp shares while 157 reduced holdings.

A number of other hedge funds have also recently made changes to their positions in the company. As higher figure of institutional mostly indicates intentions of capital gain, which is suitable for passive investors as well stocks with a large amount of institutional ownership are often looked upon favorably. Norinchukin National Bank & Trust The invested 0.02% in Newmont Mining Corp (NYSE:NEM). Bar Harbor Tru reported 168,550 shares stake. Institutional investors and hedge funds own 81.07% of the company's stock. Stifel Fincl accumulated 82,790 shares. Arrowmark Colorado Hldgs Ltd Liability Com holds 0.09% or 236,000 shares. Millennium Mgmt Ltd Liability Company has 0.02% invested in Primoris Services Corp (NASDAQ:PRIM).

11/10/2016 - Newmont Mining Corporation had its "mkt perform" rating reiterated by analysts at FBR Capital Markets. Cohen & Steers owns 70,803 shares or 0.01% of their U.S. portfolio. Wells Fargo & Mn invested in 431,488 shares or 0.01% of the stock. Martingale Asset Mngmt LP invested in 108,410 shares or 0.07% of the stock. Van ECK Associates Corp raised its stake in shares of Newmont Mining Corp by 12.5% in the fourth quarter. Moreover, Janney Montgomery Scott Limited Liability Company has 0.02% invested in Newmont Mining Corp (NYSE:NEM) for 41,022 shares. Cwm Llc, Nebraska-based fund reported 11 shares.

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