Newmont Mining Corporation (NEM) Scheduled to Post Quarterly Earnings on Thursday

Newmont Mining Corporation (NYSE:NEM) will be announcing its earnings results before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of $0.30 per share for the quarter.

Newmont Mining Corporation (NYSE:NEM) last issued its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.20. Newmont Mining Corporation had a positive return on equity of 6.67% and a negative net margin of 6.73%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the company earned $0.44 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts expect Newmont Mining Corporation to post $1.42 EPS for the current fiscal year and $1.33 EPS for the next fiscal year.

Shares of Newmont Mining Corporation (NYSE NEM) opened at 37.86 on Thursday. The firm’s market capitalization is $20.19 billion. The company’s 50 day moving average price is $38.14 and its 200 day moving average price is $35.29. Newmont Mining Corporation has a one year low of $30.19 and a one year high of $39.63.

Several research analysts have recently issued reports on the company. BidaskClub raised Newmont Mining Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut Newmont Mining Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. TheStreet raised Newmont Mining Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, October 11th. Royal Bank Of Canada reissued a “hold” rating and issued a $40.00 price target on shares of Newmont Mining Corporation in a research note on Tuesday, July 18th. Finally, Scotiabank raised Newmont Mining Corporation from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $43.00 to $43.50 in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Newmont Mining Corporation has a consensus rating of “Buy” and an average price target of $41.09.

COPYRIGHT VIOLATION WARNING: “Newmont Mining Corporation (NEM) Scheduled to Post Quarterly Earnings on Thursday” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/19/newmont-mining-corporation-nem-scheduled-to-post-quarterly-earnings-on-thursday.html.

In other news, EVP William N. Macgowan sold 2,007 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $36.59, for a total transaction of $73,436.13. Following the completion of the sale, the executive vice president now directly owns 127,178 shares of the company’s stock, valued at $4,653,443.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gary J. Goldberg sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $37.11, for a total value of $37,110.00. Following the sale, the insider now directly owns 334,730 shares of the company’s stock, valued at $12,421,830.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,707 shares of company stock valued at $1,120,866. 0.32% of the stock is currently owned by company insiders.

About Newmont Mining Corporation

Newmont Mining Corporation is

Newmont Mining Corporation (NYSE:NEM) last issued its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.20. Newmont Mining Corporation had a positive return on equity of 6.67% and a negative net margin of 6.73%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the company earned $0.44 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts expect Newmont Mining Corporation to post $1.42 EPS for the current fiscal year and $1.33 EPS for the next fiscal year.

Shares of Newmont Mining Corporation (NYSE NEM) opened at 37.86 on Thursday. The firm’s market capitalization is $20.19 billion. The company’s 50 day moving average price is $38.14 and its 200 day moving average price is $35.29. Newmont Mining Corporation has a one year low of $30.19 and a one year high of $39.63.

Several research analysts have recently issued reports on the company. BidaskClub raised Newmont Mining Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut Newmont Mining Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. TheStreet raised Newmont Mining Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, October 11th. Royal Bank Of Canada reissued a “hold” rating and issued a $40.00 price target on shares of Newmont Mining Corporation in a research note on Tuesday, July 18th. Finally, Scotiabank raised Newmont Mining Corporation from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $43.00 to $43.50 in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Newmont Mining Corporation has a consensus rating of “Buy” and an average price target of $41.09.

COPYRIGHT VIOLATION WARNING: “Newmont Mining Corporation (NEM) Scheduled to Post Quarterly Earnings on Thursday” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/19/newmont-mining-corporation-nem-scheduled-to-post-quarterly-earnings-on-thursday.html.

In other news, EVP William N. Macgowan sold 2,007 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $36.59, for a total transaction of $73,436.13. Following the completion of the sale, the executive vice president now directly owns 127,178 shares of the company’s stock, valued at $4,653,443.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gary J. Goldberg sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $37.11, for a total value of $37,110.00. Following the sale, the insider now directly owns 334,730 shares of the company’s stock, valued at $12,421,830.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,707 shares of company stock valued at $1,120,866. 0.32% of the stock is currently owned by company insiders.

About Newmont Mining Corporation

Newmont Mining Corporation is a mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Ghana and Suriname. The Company’s segments include North America, South America, Asia Pacific and Africa.

Earnings History for Newmont Mining Corporation (NYSE:NEM)

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