“Newmont Mining Corporation (NEM) has been reiterated by TheStreet Ratings as a hold with a ratings score of C+ . The company’s strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow.”
,” the firm’s analyst wrote.
Shares of Newmont Mining traded down 0.79% during mid-day trading on Friday, hitting $38.6925. Newmont Mining has a one year low of $38.60 and a one year high of $57.93. The stock’s 50-day moving average is currently $43.26. The company has a market cap of $19.220 billion and a P/E ratio of 10.75.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 28th. Stockholders of record on Wednesday, March 13th will be given a dividend of $0.43 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Monday, March 11th. This is a boost from Newmont Mining’s previous quarterly dividend of $0.35.
NEM has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a neutral rating on shares of Newmont Mining in a research note to investors on Wednesday, February 27th. They now have a $44.00 price target on the stock. Separately, analysts at HSBC reiterated an overweight rating on shares of Newmont Mining in a research note to investors on Wednesday, February 27th. They now have a $58.00 price target on the stock. Finally, analysts at Barclays Capital cut their price target on shares of Newmont Mining from $60.00 to $58.00 in a research note to investors on Monday, February 25th. They now have an overweight rating on the stock.
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