Newmont Mining Corporation (NYSE:NEM) registered a 0.56% increase, still its new closing price is 89.82% up from the company’s 1 year high of 45.97.It posted -1.88% losses in previous 5 sessions and is now the subject of 6 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 4 buy or better ratings. The 19 stock analysts following this company have an average price target at $39.88, with individual PT in the $25.00-$51.00 range. The shares moved at $34.38, implying that brokerage firms see shares gaining about 76.70% in twelve months time.
Newmont Mining Corporation (NEM) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 0.91% rise year to date. A EVP, Human Resources at Newmont Mining Corporation (NEM) offloaded shares in a transaction closed on Tuesday November 01, 2016. MacGowan William N sold 2,006 shares in the company at $37.53 each and collected $75,000 in proceeds. MacGowan William N now owns 97,803 shares in the company after this transaction. A EVP & Chief Technology Officer in the company, Lawson Scott P, disclosed a transaction on Tuesday October 25, 2016 that ended up generating $53,001 from the sale of 1,500 shares at $35.99 per share.
Newmont Mining Corporation (NYSE:NEM) Upcoming Results on Tap
Newmont Mining Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.32 in that period. Sales during the quarter are predicted to arrive at $1.79 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.79 billion in revenue and EPS of $0.38. The mean forecast was for $1.91 billion and $0.49 a share, respectively. One quarter earlier, revenue for the stock was at $2.04 billion, with earnings at $0.44/share.
Newmont Mining Corporation (NEM) Brokerage Update
Newmont Mining Corporation (NEM) is in Standpoint Research’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Hold by Standpoint Research, according to news reported on Thursday December 29, 2016.Another important research note was issued by Citigroup on Monday December 05, 2016.The firm downgraded NEM to Neutral from Buy. Over the last six months and over the last three months, the shares of Newmont Mining Corporation (NEM), have changed -19.26% and -4.83%, respectively.