$0.24 EPS Expected for Newmont Mining Corp (NEM)

July 18, 2017 - By Vivian Currie

 $0.24 EPS Expected for Newmont Mining Corp (NEM)
Investors sentiment decreased to 0.85 in 2016 Q4. Its down 0.01, from 0.86 in 2016Q3. It is negative, as 108 investors sold Newmont Mining Corp shares while 164 reduced holdings. 60 funds opened positions while 171 raised stakes. 367.62 million shares or 0.42% more from 366.10 million shares in 2016Q3 were reported.
First Allied Advisory Service reported 6,697 shares. Everence Capital Mngmt Inc, Indiana-based fund reported 16,037 shares. Moreover, Next Financial Gru has 0% invested in Newmont Mining Corp (NYSE:NEM). Meeder Asset Mgmt has 0.21% invested in Newmont Mining Corp (NYSE:NEM) for 63,379 shares. Lmr Prns Ltd Liability Partnership invested in 88,903 shares or 0.47% of the stock. Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested 0.42% of its portfolio in Newmont Mining Corp (NYSE:NEM). Ny State Common Retirement Fund owns 1.17M shares. 31,461 were accumulated by Oxbow Advisors Limited Liability. State Of Tennessee Treasury Department owns 404,379 shares. 624,890 were accumulated by Blackrock Advisors Ltd Liability Corp. Dekabank Deutsche Girozentrale owns 145,287 shares. Blackrock Institutional Tru Na owns 16.49 million shares. Daiwa Gru Incorporated has invested 0.01% in Newmont Mining Corp (NYSE:NEM). Principal Fincl Grp Inc accumulated 1.07 million shares. Dc Limited stated it has 400,000 shares.

Since January 31, 2017, it had 0 insider buys, and 10 selling transactions for $1.07 million activity. Engel E Randall sold 675 shares worth $24,665. On Monday, May 1 Goldberg Gary J sold $33,670 worth of Newmont Mining Corp (NYSE:NEM) or 1,000 shares. Lawson Scott P sold $53,745 worth of Newmont Mining Corp (NYSE:NEM) on Tuesday, January 31. Shares for $70,210 were sold by MacGowan William N.

Analysts expect Newmont Mining Corp (NYSE:NEM) to report $0.24 EPS on July, 19.They anticipate $0.20 EPS change or 45.45 % from last quarter’s $0.44 EPS. NEM’s profit would be $129.64M giving it 35.14 P/E if the $0.24 EPS is correct. After having $0.25 EPS previously, Newmont Mining Corp’s analysts see -4.00 % EPS growth. The stock increased 1.37% or $0.45 on July 17, reaching $33.73. About shares traded. Newmont Mining Corp (NYSE:NEM) has declined 1.49% since July 18, 2016 and is downtrending. It has underperformed by 18.19% the S&P500.

Newmont Mining Corp (NYSE:NEM) Ratings Coverage

Among 23 analysts covering Newmont Mining Corporation (NYSE:NEM), 12 have Buy rating, 0 Sell and 11 Hold. Therefore 52% are positive. Newmont Mining Corporation had 67 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by Standpoint Research given on Thursday, December 29. Citigroup downgraded the stock to “Neutral” rating in Monday, December 5 report. The firm has “Outperform” rating given on Thursday, August 13 by BMO Capital Markets. Jefferies maintained the stock with “Hold” rating in Friday, July 14 report. As per Wednesday, June 28, the company rating was maintained by BMO Capital Markets. The firm has “Neutral” rating by Bank of America given on Friday, March 11. The firm earned “Outperform” rating on Friday, July 24 by IBC. Clarkson Capital initiated the stock with “Buy” rating in Tuesday, February 16 report. UBS maintained Newmont Mining Corp (NYSE:NEM) rating on Wednesday, September 30. UBS has “Neutral” rating and $17.50 target. The firm earned “Neutral” rating on Monday, April 18 by Clarkson Platou.

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 $18.22 billion. The Firm is primarily a gold producer with activities and/or assets in the United States, Australia, Peru, Ghana and Suriname. It currently has negative earnings. The Company’s divisions include North America, South America, Asia Pacific and Africa.

More notable recent Newmont Mining Corp (NYSE:NEM) news were published by: Juniorminingnetwork.com which released: “Great Bear Resources Acquires Right to Purchase 100% Interest in Dixie Lake …” on July 17, 2017, also Juniorminingnetwork.com with their article: “Goldstrike Resources and Newmont Mining Commence Drilling at Plateau Property …” published on July 05, 2017, Gurufocus.com published: “Newmont Mining Resilient Amid Challenges” on July 13, 2017. More interesting news about Newmont Mining Corp (NYSE:NEM) were released by: Juniorminingnetwork.com and their article: “Evrim Resources Signs Two-Year Exploration Alliance with Newmont Mining” published on July 17, 2017 as well as Investorplace.com‘s news article titled: “Trade of the Day: Newmont Mining Corp (NEM)” with publication date: June 27, 2017.

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