Newmont Mining Corporation (NEM) EPS Estimated At $0.36

January 24, 2018 - By Winifred Garcia

 Newmont Mining Corporation (NEM) EPS Estimated At $0.36
Investors sentiment increased to 1.4 in Q3 2017. Its up 0.47, from 0.93 in 2017Q2. It improved, as 35 investors sold Newmont Mining Corporation shares while 147 reduced holdings. 85 funds opened positions while 169 raised stakes. 427.26 million shares or 26.53% more from 337.68 million shares in 2017Q2 were reported.
Manufacturers Life Insurance The has 672,272 shares for 0.03% of their portfolio. Natixis Asset Mngmt holds 0.02% or 5,772 shares in its portfolio. New York-based Indexiq Advsr Ltd Liability Corporation has invested 0.04% in Newmont Mining Corporation (NYSE:NEM). Arizona State Retirement owns 327,061 shares. Tci Wealth Advisors owns 2,506 shares. Bnp Paribas Asset holds 0.02% of its portfolio in Newmont Mining Corporation (NYSE:NEM) for 50,661 shares. Moreover, Fukoku Mutual Life Insur has 0.02% invested in Newmont Mining Corporation (NYSE:NEM) for 3,100 shares. Investec Asset Mngmt Ltd holds 1.01M shares or 0.17% of its portfolio. First Manhattan Com stated it has 150,072 shares or 0.03% of all its holdings. Raymond James Associates, a Florida-based fund reported 66,029 shares. Aperio Grp Inc Llc holds 304,368 shares or 0.06% of its portfolio. Rampart Inv Limited Liability Company holds 0.09% or 7,376 shares in its portfolio. First Republic Management accumulated 29,293 shares. Of Vermont has 100 shares for 0% of their portfolio. Mirae Asset Investments Limited invested 0.07% in Newmont Mining Corporation (NYSE:NEM).

Since August 1, 2017, it had 0 insider buys, and 12 insider sales for $1.32 million activity. 1,000 shares valued at $37,110 were sold by Goldberg Gary J on Tuesday, August 1. Shares for $211,527 were sold by Engel E Randall on Tuesday, August 1. Gottesfeld Stephen P had sold 5,000 shares worth $185,550. Lawson Scott P sold 5,000 shares worth $189,250. On Monday, October 2 the insider Palmer Thomas Ronald sold $46,688.

Analysts expect Newmont Mining Corporation (NYSE:NEM) to report $0.36 EPS on February, 20.They anticipate $0.03 EPS change or 9.09 % from last quarter’s $0.33 EPS. NEM’s profit would be $192.00 million giving it 28.00 P/E if the $0.36 EPS is correct. After having $0.35 EPS previously, Newmont Mining Corporation’s analysts see 2.86 % EPS growth. The stock increased 1.66% or $0.66 during the last trading session, reaching $40.32. About 3.28M shares traded. Newmont Mining Corporation (NYSE:NEM) has declined 1.49% since January 24, 2017 and is downtrending. It has underperformed by 18.19% the S&P500.

Newmont Mining Corporation (NYSE:NEM) Ratings Coverage

Among 24 analysts covering Newmont Mining Corporation (NYSE:NEM), 13 have Buy rating, 0 Sell and 11 Hold. Therefore 54% are positive. Newmont Mining Corporation had 84 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Newmont Mining Corporation (NYSE:NEM) earned “Sector Perform” rating by Scotia Capital on Wednesday, April 26. The company was maintained on Friday, July 14 by Jefferies. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, August 9. On Tuesday, December 1 the stock rating was downgraded by Citigroup to “Neutral”. The rating was upgraded by Jefferies to “Buy” on Tuesday, January 12. BMO Capital Markets maintained the shares of NEM in report on Monday, August 21 with “Buy” rating. Scotia Capital downgraded the shares of NEM in report on Tuesday, January 10 to “Sector Perform” rating. As per Monday, April 18, the company rating was downgraded by Clarkson Platou. RBC Capital Markets downgraded the shares of NEM in report on Thursday, January 7 to “Sector Perform” rating. The stock of Newmont Mining Corporation (NYSE:NEM) has “Buy” rating given on Monday, April 24 by BMO Capital Markets.

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company has market cap of $21.50 billion. The firm primarily acquires, develops, explores for, and produces gold. It has a 263.53 P/E ratio. It also explores for silver and copper properties.

More recent Newmont Mining Corporation (NYSE:NEM) news were published by: 9News.com which released: “Newmont Mining details one effect of new GOP tax plan” on December 26, 2017. Also Fool.com published the news titled: “Forget Newmont Mining: Wheaton Precious Metals Is a Better Dividend Stock” on January 07, 2018. Investorplace.com‘s news article titled: “Here’s Why Newmont Mining Corp (NEM) Stock Should Be in Your Portfolio Now” with publication date: January 08, 2018 was also an interesting one.

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