$0.24 EPS Expected for Newmont Mining Corp (NEM)

July 18, 2017 - By test

 $0.24 EPS Expected for Newmont Mining Corp (NEM)
Investors sentiment decreased to 0.85 in Q4 2016. Its down 0.01, from 0.86 in 2016Q3. It turned 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.
Investec Asset Management has 0.42% invested in Newmont Mining Corp (NYSE:NEM) for 2.35M shares. Midas Mgmt holds 45,000 shares or 0.72% of its portfolio. Perkins Coie holds 0% in Newmont Mining Corp (NYSE:NEM) or 33 shares. Gamco Investors Inc Et Al stated it has 0.29% of its portfolio in Newmont Mining Corp (NYSE:NEM). Tradewinds Lc accumulated 201 shares. Walleye Trading Limited Co reported 5,028 shares or 0% of all its holdings. Moreover, State Farm Mutual Automobile Insur Company has 0.12% invested in Newmont Mining Corp (NYSE:NEM) for 2.57 million shares. Caxton Associate L P invested in 150,000 shares. Bluecrest Cap Management Limited accumulated 80,000 shares. Cannell Peter B & reported 0.02% in Newmont Mining Corp (NYSE:NEM). Aviva Public Ltd Com stated it has 0.09% in Newmont Mining Corp (NYSE:NEM). Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 253,960 shares. Tiaa Cref Invest Mgmt Llc reported 0.06% in Newmont Mining Corp (NYSE:NEM). Westpac Banking Corporation, Australia-based fund reported 230,454 shares. Ohio-based Gateway Investment Advisers Ltd Liability Co has invested 0.03% in Newmont Mining Corp (NYSE:NEM).

Since January 31, 2017, it had 0 buys, and 10 insider sales for $1.07 million activity. Engel E Randall also sold $24,665 worth of Newmont Mining Corp (NYSE:NEM) shares. Shares for $151,830 were sold by Lawson Scott P. Goldberg Gary J had sold 1,000 shares worth $33,740 on Wednesday, March 1. On Tuesday, June 6 MacGowan William N sold $70,210 worth of Newmont Mining Corp (NYSE:NEM) or 2,006 shares.

Wall Street await Newmont Mining Corp (NYSE:NEM) to release earnings on July, 19. Analysts forecast EPS of $0.24, down exactly $0.20 or 45.45 % from 2014’s $0.44 EPS. The expected NEM’s profit could reach $129.64M giving the stock 35.14 P/E in the case that $0.24 earnings per share is reported. After posting $0.25 EPS for the previous quarter, Newmont Mining Corp’s analysts now forecast -4.00 % negative 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 “Outperform” rating by Howard Weil given on Monday, August 31. The rating was maintained by Scotia Capital on Wednesday, April 26 with “Sector Perform”. The stock of Newmont Mining Corp (NYSE:NEM) earned “Neutral” rating by Clarkson Platou on Monday, April 18. The stock of Newmont Mining Corp (NYSE:NEM) has “Hold” rating given on Monday, June 12 by RBC Capital Markets. The stock has “Buy” rating by Bank of America on Tuesday, November 22. The stock has “Buy” rating by BMO Capital Markets on Wednesday, June 28. The rating was upgraded by Jefferies on Tuesday, January 12 to “Buy”. The firm has “Hold” rating given on Monday, October 26 by HSBC. As per Monday, December 5, the company rating was downgraded by Citigroup. The firm has “Overweight” rating given on Thursday, November 3 by JP Morgan.

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

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