$0.32 EPS Expected for Newmont Mining Corporation (NEM)

April 19, 2018 - By Hazel Jackson

Newmont Mining Corporation (NYSE:NEM) LogoInvestors sentiment decreased to 1.06 in Q4 2017. Its down 0.34, from 1.4 in 2017Q3. It dropped, as 38 investors sold Newmont Mining Corporation shares while 178 reduced holdings. 70 funds opened positions while 160 raised stakes. 428.87 million shares or 0.38% more from 427.26 million shares in 2017Q3 were reported.
Meiji Yasuda Asset Mngmt invested in 0.34% or 94,457 shares. Advantus reported 53,672 shares. Ontario Teachers Pension Plan Board, Ontario – Canada-based fund reported 154,356 shares. Marietta Investment Ptnrs Ltd Liability Corp owns 8,830 shares. Van Eck Assoc Corporation reported 4.36% stake. Barclays Public Limited Co has invested 0.02% of its portfolio in Newmont Mining Corporation (NYSE:NEM). State Farm Mutual Automobile Insurance accumulated 0.12% or 2.57 million shares. Shell Asset Mgmt invested in 0.32% or 428,379 shares. The New York-based Guardian Life Insurance Com Of America has invested 0.01% in Newmont Mining Corporation (NYSE:NEM). Pinnacle Assoc Limited holds 0.01% of its portfolio in Newmont Mining Corporation (NYSE:NEM) for 9,508 shares. Creative Planning holds 0% or 10,259 shares. Advisor Prtnrs Limited Liability Company, California-based fund reported 15,811 shares. Tci Wealth invested 0.04% of its portfolio in Newmont Mining Corporation (NYSE:NEM). Moreover, Korea Investment has 0% invested in Newmont Mining Corporation (NYSE:NEM) for 27,626 shares. 188 were accumulated by Farmers And Merchants Investments.

Since January 2, 2018, it had 0 insider buys, and 12 insider sales for $1.06 million activity. Engel E Randall also sold $229,311 worth of Newmont Mining Corporation (NYSE:NEM) on Thursday, February 1. Shares for $117,994 were sold by Dorward-King Elaine J. Palmer Thomas Ronald had sold 1,250 shares worth $49,300 on Monday, April 2. 5,000 shares valued at $189,550 were sold by Gottesfeld Stephen P on Thursday, March 1. On Monday, April 2 the insider Lawson Scott P sold $58,593.

Analysts expect Newmont Mining Corporation (NYSE:NEM) to report $0.32 EPS on April, 26 before the open.They anticipate $0.07 EPS change or 28.00 % from last quarter’s $0.25 EPS. NEM’s profit would be $170.79 million giving it 32.57 P/E if the $0.32 EPS is correct. After having $0.40 EPS previously, Newmont Mining Corporation’s analysts see -20.00 % EPS growth. The stock increased 1.46% or $0.6 during the last trading session, reaching $41.69. About 3.31 million shares traded. Newmont Mining Corporation (NYSE:NEM) has risen 15.10% since April 19, 2017 and is uptrending. It has outperformed by 3.55% the S&P500.

Newmont Mining Corporation (NYSE:NEM) Ratings Coverage

Among 8 analysts covering Newmont Mining Corporation (NYSE:NEM), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Newmont Mining Corporation had 15 analyst reports since October 31, 2017 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Tuesday, April 3 with “Sell”. The company was maintained on Wednesday, March 28 by BMO Capital Markets. Scotia Capital maintained the shares of NEM in report on Monday, January 15 with “Buy” rating. The firm has “Neutral” rating by Citigroup given on Thursday, March 1. BMO Capital Markets maintained Newmont Mining Corporation (NYSE:NEM) rating on Monday, December 18. BMO Capital Markets has “Buy” rating and $43.0 target. The firm earned “Hold” rating on Wednesday, April 11 by Deutsche Bank. The stock of Newmont Mining Corporation (NYSE:NEM) has “Hold” rating given on Friday, February 2 by RBC Capital Markets. The stock of Newmont Mining Corporation (NYSE:NEM) has “Buy” rating given on Tuesday, November 14 by BMO Capital Markets. On Monday, February 26 the stock rating was maintained by Bank of America with “Buy”. The rating was maintained by RBC Capital Markets on Sunday, December 3 with “Hold”.

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company has market cap of $22.25 billion. The firm primarily acquires, develops, explores for, and produces gold. It currently has negative earnings. It also explores for silver and copper properties.

Newmont Mining Corporation (NYSE:NEM) Institutional Positions Chart

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