Newmont (NEM) Projected to Post Quarterly Earnings on Thursday

Newmont (NYSE:NEM) is anticipated to release its earnings data after the market closes on Thursday, February 20th. Analysts expect Newmont to post earnings of $1.11 per share and revenue of $5.34 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Newmont Trading Up 2.9 %

NEM stock opened at $46.83 on Thursday. Newmont has a one year low of $29.42 and a one year high of $58.72. The company has a market capitalization of $53.31 billion, a PE ratio of -30.81, a price-to-earnings-growth ratio of 0.38 and a beta of 0.52. The company’s 50 day moving average price is $40.66 and its two-hundred day moving average price is $46.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96.

Analyst Ratings Changes

Several research firms have weighed in on NEM. Raymond James lowered their price target on shares of Newmont from $62.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, November 25th. UBS Group lowered Newmont from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $67.00 to $54.00 in a research report on Wednesday, October 30th. CIBC downgraded Newmont from a “sector outperform” rating to a “neutral” rating in a research report on Monday, October 28th. The Goldman Sachs Group assumed coverage on shares of Newmont in a report on Monday, January 13th. They issued a “buy” rating and a $47.20 target price on the stock. Finally, Royal Bank of Canada upped their price target on shares of Newmont from $47.00 to $52.00 and gave the company a “sector perform” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.37.

Insider Buying and Selling

In other news, Director Bruce R. Brook sold 2,077 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $83,080.00. Following the transaction, the director now owns 52,070 shares of the company’s stock, valued at approximately $2,082,800. The trade was a 3.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Natascha Viljoen sold 9,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $360,000.00. Following the sale, the chief operating officer now owns 145,967 shares in the company, valued at $5,838,680. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,154 shares of company stock worth $1,166,843. Insiders own 0.06% of the company’s stock.

Newmont Company Profile

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.