Analysts See $0.32 EPS for Newmont Mining Corporation (NEM)

April 25, 2018 - By Marguerite Chambers

Newmont Mining Corporation (NYSE:NEM) LogoInvestors sentiment decreased to 1.06 in 2017 Q4. Its down 0.34, from 1.4 in 2017Q3. It worsened, 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.
Scout Invs holds 739,240 shares. Moreover, Css Limited Liability Corporation Il has 0.08% invested in Newmont Mining Corporation (NYSE:NEM) for 44,000 shares. Cibc Asset Mngmt holds 227,721 shares. 5,800 were reported by Boston Family Office Ltd Liability. Arizona State Retirement Sys owns 0.13% invested in Newmont Mining Corporation (NYSE:NEM) for 350,843 shares. Ny State Common Retirement Fund holds 0.05% of its portfolio in Newmont Mining Corporation (NYSE:NEM) for 1.18 million shares. Telemus Ltd Llc reported 500 shares or 0% of all its holdings. Louisiana State Employees Retirement stated it has 32,300 shares or 0.06% of all its holdings. Dreman Value Mgmt L L C invested in 12,773 shares. Janney Montgomery Scott Ltd Llc reported 35,577 shares. Retirement Sys Of Alabama holds 404,287 shares or 0.07% of its portfolio. Rhumbline Advisers holds 0.08% or 986,938 shares in its portfolio. Clinton invested in 0.75% or 229,366 shares. Colorado-based Arrowmark Colorado Hldgs Limited Liability Co has invested 0.12% in Newmont Mining Corporation (NYSE:NEM). State Farm Mutual Automobile accumulated 2.57 million shares.

Since January 2, 2018, it had 0 buys, and 12 selling transactions for $1.06 million activity. $58,593 worth of stock was sold by Lawson Scott P on Monday, April 2. Goldberg Gary J sold 4,000 shares worth $157,253. 5,000 shares were sold by Gottesfeld Stephen P, worth $189,550. 5,700 shares were sold by Engel E Randall, worth $229,311. Dorward-King Elaine J sold $117,994 worth of Newmont Mining Corporation (NYSE:NEM) on Monday, April 2.

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 31.71 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 decreased 1.12% or $0.46 during the last trading session, reaching $40.59. About 3.41M shares traded. Newmont Mining Corporation (NYSE:NEM) has risen 15.10% since April 25, 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 firm earned “Neutral” rating on Thursday, March 1 by Citigroup. The rating was maintained by BMO Capital Markets with “Buy” on Monday, December 18. RBC Capital Markets maintained Newmont Mining Corporation (NYSE:NEM) on Friday, February 2 with “Hold” rating. The firm has “Buy” rating given on Monday, February 26 by Bank of America. RBC Capital Markets maintained the shares of NEM in report on Sunday, December 3 with “Hold” rating. On Tuesday, April 3 the stock rating was maintained by RBC Capital Markets with “Sell”. The stock of Newmont Mining Corporation (NYSE:NEM) earned “Hold” rating by Deutsche Bank on Wednesday, April 11. The firm earned “Neutral” rating on Tuesday, February 27 by B. Riley & Co. Scotia Capital maintained Newmont Mining Corporation (NYSE:NEM) rating on Monday, January 15. Scotia Capital has “Buy” rating and $48.0 target. As per Tuesday, November 14, the company rating was maintained by BMO Capital Markets.

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company has market cap of $21.66 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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