$0.29 EPS Expected for Newmont Mining Corp (NEM)

October 13, 2017 - By Hazel Jackson

 $0.29 EPS Expected for Newmont Mining Corp (NEM)
Investors sentiment increased to 0.93 in 2017 Q2. Its up 0.09, from 0.84 in 2017Q1. It improved, as 73 investors sold Newmont Mining Corp shares while 157 reduced holdings. 62 funds opened positions while 153 raised stakes. 337.68 million shares or 4.93% more from 321.82 million shares in 2017Q1 were reported.
Amp Capital owns 281,583 shares. Tudor Invest Et Al has invested 0.05% of its portfolio in Newmont Mining Corp (NYSE:NEM). Sun Life Fincl has 0.01% invested in Newmont Mining Corp (NYSE:NEM) for 3,892 shares. Cullen Management Ltd Llc reported 23,200 shares stake. 50,318 were reported by Raymond James Serv Advsrs Inc. Cipher Cap Limited Partnership invested in 39,912 shares or 0.1% of the stock. Employees Retirement System Of Texas invested in 0.01% or 27,000 shares. Capstone Asset Mgmt holds 56,355 shares. State Bank Of Hawaii reported 30,084 shares. Canada Pension Plan Inv Board owns 0.1% invested in Newmont Mining Corp (NYSE:NEM) for 1.31M shares. Hartford Finance Mngmt owns 600 shares or 0.01% of their US portfolio. Minnesota-based Us Bancorp De has invested 0% in Newmont Mining Corp (NYSE:NEM). Talara Cap Mgmt Ltd Liability holds 2.32% of its portfolio in Newmont Mining Corp (NYSE:NEM) for 203,940 shares. Flossbach Von Storch Ag reported 7.87 million shares. Scout Invests stated it has 753,563 shares or 0.71% of all its holdings.

Since May 1, 2017, it had 0 insider buys, and 4 selling transactions for $336,960 activity. Shares for $33,580 were sold by Goldberg Gary J. MacGowan William N sold $70,210 worth of stock or 2,006 shares.

Investors wait Newmont Mining Corp (NYSE:NEM) to report on October, 26 before the open. its quarterly earnings Wall Street analysts expect $0.29 EPS, down $0.22 or 43.14 % from last year’s $0.51 same quarter earnings. This translates into $153.88M profit for NEM giving the stock a 33.09 P/E. This is assuming the current $0.29 EPS is accurate. Newmont Mining Corp’s Wall Street analysts see -36.96 % negative EPS growth, taking into account the $0.46 EPS reproted in the previous quarter, The stock increased 0.81% or $0.31 during the last trading session, reaching $38.39. About 2.75 million shares traded. Newmont Mining Corp (NYSE:NEM) has declined 1.49% since October 13, 2016 and is downtrending. It has underperformed by 18.19% the S&P500.

Newmont Mining Corp (NYSE:NEM) Ratings Coverage

Among 24 analysts covering Newmont Mining Corporation (NYSE:NEM), 13 have Buy rating, 0 Sell and 11 Hold. Therefore 54% are positive. Newmont Mining Corporation had 77 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Newmont Mining Corp (NYSE:NEM) earned “Hold” rating by HSBC on Monday, October 26. BMO Capital Markets maintained it with “Buy” rating and $45.0 target in Sunday, October 1 report. The rating was initiated by Clarkson Capital on Tuesday, February 16 with “Buy”. The firm earned “Mkt Perform” rating on Monday, December 7 by FBR Capital. The rating was upgraded by Deutsche Bank to “Buy” on Thursday, August 13. On Thursday, August 13 the stock rating was initiated by BMO Capital Markets with “Outperform”. BMO Capital Markets maintained it with “Buy” rating and $40.0 target in Monday, September 25 report. Jefferies maintained Newmont Mining Corp (NYSE:NEM) on Wednesday, August 30 with “Hold” rating. The firm has “Outperform” rating by Howard Weil given on Monday, August 31. The stock of Newmont Mining Corp (NYSE:NEM) has “Hold” rating given on Tuesday, June 20 by Jefferies.

Newmont Mining Corporation is a mining company, which is focused on the production of and exploration for gold and copper. The company has market cap of $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 94.76 P/E ratio. The Company’s divisions include North America, South America, Asia Pacific and Africa.

More recent Newmont Mining Corp (NYSE:NEM) news were published by: Bizjournals.com which released: “WATCH: Newmont Mining CEO Goldberg on the company’s outlook (Video)” on September 26, 2017. Also Nasdaq.com published the news titled: “Zacks Industry Outlook Highlights: Barrick Gold, Newmont Mining, Asanko Gold …” on September 25, 2017. Marketwatch.com‘s news article titled: “Opinion: Five things to do when every investment is too expensive” with publication date: October 12, 2017 was also an interesting one.

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