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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.



Like this

Latest


12 October 2017
India qualify for AFC Asian Cup 2019
Jeje took advantage of some sloppy ball handling form Macau to feed Balwant, who squared for Chettri's tap-in in the 60th minute. They are atop Group A with 12 points from four matches and play Myanmar on November 24 and Kyrgyzstan on March 27 next year.

12 October 2017
Next Weeks Broker Price Targets For Twenty-First Century Fox, Inc. (NASDAQ:FOXA)
Morgan Stanley for instance, upgraded the stock on 20/09/2017 whilst Credit Suisse issued a downgraded the stock on 20/07/2017. The Average Earnings Estimate for the Current Fiscal quarter is $0.35 per share, according to consensus of 23 analysts.

12 October 2017
Amazon's Alexa can recognize the voices of multiple users
For instance, if I tell Alexa simply to "play music", she'll start playing songs based on my preferences. And, if she doesn't recognize who's speaking, she'll just revert to the default Alexa experience.

12 October 2017
Barack Obama to Make First Campaign Appearance Since Leaving Office
Obama carried Virginia in both 2008 and 2012, and announced that he would campaign for Northam earlier this summer. Polls compiled by RealClearPolitics show Northam leading Gillespie by around 7 points for the November 7 contest.

12 October 2017
Twitter reverses decision to block candidate's Senate video
Blackburn's now-permitted advertising, so there's no longer a rational basis for it to ban Live Action's ads. Twitter's censorship in favor of Planned Parenthood or abortion did not start with the Blackburn campaign.

12 October 2017
Dominique Rodgers-Cromartie suspended after leaving Giants facility
McAdoo responded to the idea that he lost control by saying he was not really interested in what people think. New York Giants ?cornerback Dominique Rodgers-Cromartie was suspended by the team Wednesday.

12 October 2017
Discovering Momentum Stocks: Exxon Mobil Corporation (XOM), Aramark (ARMK)
It last reported revenues of $3.59 billion and EPS of $0.4 for the June 2017, representing 0% top-line growth and 0.34 EPS growth. It worsened, as 68 investors sold CMCSA shares while 503 reduced holdings. 73 funds opened positions while 143 raised stakes.

12 October 2017
Next Weeks Broker Price Targets For Sabra Healthcare REIT, Inc. (NASDAQ:SBRA)
Currently, 57.95 million total shares are owned by the public and among those 57.08 million shares have been available to trade. Active traders might be following the signal in order to determine if the stock has entered into a buying territory.

11 October 2017
Jon Walters Deals Ireland Injury Blow Ahead Of Playoffs
Ireland will face a two-legged tie to qualify for next summer's tournament in Russian Federation after their 1-0 win in Cardiff. The forward has had clean-up operations on his knee twice in the past 18 months, in March 2016 and in January of this year.

11 October 2017
'American Horror Story: Cult' episode edited after Las Vegas shooting
Now in its seventh season, " American Horror Story " regularly lives up to its name with ghoulish and violent displays. The unedited episode can be viewed on digital platforms FXNOW and FX+, along with VOD platforms.



Recommended