Checking the Overall Picture for Newmont Mining Corporation (NEM)

Marco Green
January 14, 2018

That value represents a market adjusting for revenues that have been growing by 4.91 % on a quarterly year/year basis as of the company's last quarterly report. Narrowing in a bit closer, the 5 month price index is 0.99602, the 3 month is 0.99942, and the 1 month is now 1.02202. About 12.34 million shares traded or 1.22% up from the average. Tci Wealth Advisors stated it has 0.05% in Newmont Mining Corporation (NYSE:NEM).

Lpl Financial Llc increased Newmont Mining Corp (NEM) stake by 28.41% reported in 2017Q3 SEC filing. The institutional investor held 108,806 shares of the health care company at the end of 2017Q3, valued at $6.97M, up from 95,428 at the end of the previous reported quarter. Global Thematic Partners Llc who had been investing in Newmont Mining Corp for a number of months, seems to be less bullish one the $20.90 billion market cap company. The stock increased 2.34% or $1.9076 during the last trading session, reaching $83.5876. (NRG) - averaging the work of different analysts - reveals a mean PT of $31.22/share. Also, COO Thomas Ronald Palmer sold 1,250 shares of Newmont Mining stock in a transaction on Tuesday, January 2nd. It has underperformed by 18.19% the S&P500.

Since August 2, 2017, it had 0 insider purchases, and 7 selling transactions for $3.55 million activity. The company was maintained on Monday, September 25 by BMO Capital Markets. (NYSE:TJX) valuations. The stock trades on a P/S of 1.4, which suggests that the shares are attractive compared with peers. The insider Hinrichs Joseph R sold $453,600. The other 12 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. OJAKLI ZIAD S sold $1.06M worth of stock or 92,815 shares.

Contrarius Investment Management Ltd increased Freeport (NYSE:FCX) stake by 2.63M shares to 6.18M valued at $86.72M in 2017Q3. It also upped First Comwlth Finl Corp Pa (NYSE:FCF) stake by 29,653 shares and now owns 65,365 shares. Sl Green Realty Corp (NYSE:SLG) was reduced too. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Therefore 38% are positive. AmerisourceBergen had 61 analyst reports since July 27, 2015 according to SRatingsIntel. (NYSE:C), 19 have Buy rating, 3 Sell and 16 Hold. The rating was maintained by Leerink Swann on Monday, October 30 with "Market Perform". TD Securities maintained Newmont Mining Corporation (NYSE:NEM) rating on Wednesday, April 26. Citigroup initiated the stock with "Buy" rating in Thursday, January 26 report. Deutsche Bank upgraded the shares of NEM in report on Thursday, August 13 to "Buy" rating. The firm earned "Neutral" rating on Tuesday, December 1 by Citigroup. Barclays Capital has "Equal-Weight" rating and $33 target.

As the P/E goes up, it shows that current investor sentiment is that the company is worth more. Its up 0.47, from 0.93 in 2017Q2. Investor speculation and demand also help increase a share's price over time. 85 funds opened positions while 169 raised stakes. Veritable L.P. now owns 8,473 shares of the basic materials company's stock valued at $274,000 after acquiring an additional 370 shares in the last quarter. Natixis Asset Mgmt has invested 0.02% in Newmont Mining Corporation (NYSE:NEM). 673 are held by Hudock Grp Ltd Liability Company.

Chicago-based money management and research firm, Zacks Investment Research, was founded in 1978 in order to provide institutional investors with quantitative models created to predict stock prices for companies based in the United States. Marietta Investment Partners Ltd Liability Corporation reported 8,830 shares. Price T Rowe Md holds 0% or 546,037 shares. Nationwide Fund Advsr owns 363,349 shares. Mechanics Bancorporation Department accumulated 13,973 shares. Voloridge Ltd Limited Liability Company invested in 0.5% or 594,136 shares. Wetherby Asset reported 13,808 shares. Another trade for 5,700 shares valued at $211,527 was made by Engel E Randall on Tuesday, August 1. 62,800 were reported by Hollencrest Securities Limited Liability. 195,867 are owned by Capital Advisors Ok.

Newmont Mining Corporation (NEM) pays a dividend of 0.30, which translates to dividend yield of 0.78% based on the current price. Therefore 23% are positive.

Analysts await Newmont Mining Corporation (NYSE:NEM) to report earnings on February, 20. Large-cap companies usually have a market capitalization of $10 billion and up. The rating was maintained by RBC Capital Markets with "Hold" on Tuesday, May 30. The rating was maintained by BMO Capital Markets on Sunday, October 1 with "Buy". The stock has "Hold" rating by Deutsche Bank on Monday, January 4. The stock of AmerisourceBergen Corporation (NYSE:ABC) earned "Neutral" rating by Bank of America on Tuesday, June 7.

Several equities research analysts have issued reports on the stock. On Tuesday, July 25 the stock rating was maintained by RBC Capital Markets with "Hold". On Friday, December 15 the stock rating was upgraded by Goldman Sachs to "Buy". The firm has "Buy" rating given on Monday, August 21 by BMO Capital Markets.

Since August 1, 2017, it had 0 buys, and 12 insider sales for $1.32 million activity. Dorward-King Elaine J sold $392,268 worth of stock or 10,250 shares. Timber Hill Llc has invested 0.02% in Newmont Mining Corporation (NYSE:NEM). On Tuesday, January 2 Goldberg Gary J sold $37,890 worth of Newmont Mining Corporation (NYSE:NEM) or 1,000 shares.

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