Price Target Overview of Newmont Mining Corporation (NYSE:NEM)
- Kelley Robertson
The institutional investor held 108,806 shares of the health care company at the end of 2017Q3, valued at $6.97M, up from 95,428 at the end of the previous reported quarter. Lincoln Natl Corp Unit Icom/Ir now has $18.29 billion valuation. The stock traded with the average Volume of 4.45 Million at the end of last session. About 165,352 shares traded. (NYSE:MRK) has risen 16.86% since January 13, 2017 and is uptrending. It has outperformed by 4.83% the S&P500.
Contrarius Investment Management Ltd decreased Iamgold Corp (IAG) stake by 18.4% reported in 2017Q3 SEC filing. Foster & Motley Inc sold 13,887 shares as the company's stock declined 9.13% while stock markets rallied. The Panagora Asset Management Inc holds 1.34M shares with $50.38M value, down from 1.45M last quarter. Sprott Inc who had been investing in Newmont Mining Corp for a number of months, seems to be less bullish one the $21.22 billion market cap company. The stock increased 3.02% or $0.175 during the last trading session, reaching $5.965. A total of 1.57 million shares exchanged at hands and its average trading volume is standing at 0.83 million shares.
Newmont Mining Corporation (NYSE:NEM)'s price-to-sales ratio of 2.82 is creating a long-term opportunity in the value in its stock. It has underperformed by 18.19% the S&P500.
Looking at some alternate time periods, the 12 month price index is 0.90079, the 24 month is 1.04693, and the 36 month is 1.12825.
Newmont Mining Corporation (NEM) stock analysis is based on price earnings ratio (P/E) ratio.
The consensus recommendation - averaging the work of 19 analysts - of 2.3 for Newmont Mining Corporation (NEM) points to moderate case. Zacks upgraded Newmont Mining Corporation (NYSE:NEM) on Tuesday, September 22 to "Hold" rating. 1,000 shares valued at $37,350 were sold by Goldberg Gary J on Monday, October 2. Scout Invests Inc has invested 0.79% in Newmont Mining Corporation (NYSE:NEM).
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Investors sentiment increased to 1.4 in Q3 2017. Its down 0.01, from 1.07 in 2017Q2. It increased, as 35 investors sold NEM shares while 147 reduced holdings. 91 funds opened positions while 271 raised stakes. Van Eck Assocs stated it has 26.61 million shares. Legacy Capital Prns accumulated 9,855 shares. California Public Employees Retirement System, a California-based fund reported 13,300 shares. Nuveen Asset Mngmt Ltd Liability stated it has 1.93 million shares. Janney Montgomery Scott Limited Liability Company reported 846,793 shares. Cornerstone Inv Prtn Lc holds 0.05% or 34,142 shares.
Par $0.01 (F) stake by 10.15% reported in 2017Q3 SEC filing. 100,256 were accumulated by Engineers Gate Manager Lp. While talking about Performance of the Stock, Newmont Mining Corporation now has a Weekly performance of -0.13%, monthly performance percentage is 6.1 percent, Quarterly performance is -0.44 percent, 6 months performance shows a percent value of 15.66% and Yearly Performance is 7.78 percent.
Asa Gold & Precious Metals Ltd holds 12.77% of its portfolio in Newmont Mining Corporation for 570,368 shares. Advisory Service holds 0% of its portfolio in Newmont Mining Corporation (NYSE:NEM) for 245 shares. Following the completion of the sale, the executive vice president now owns 71,864 shares of the company's stock, valued at $2,621,598.72.
Newmont Mining Corporation is a global mining company, which is focused on the production of and exploration for gold and copper. Amer Intll Grp has invested 0.02% of its portfolio in Newmont Mining Corporation (NYSE:NEM). Newmont Mining Corporation had 82 analyst reports since July 24, 2015 according to SRatingsIntel. Analysts expect NEM to grow earnings at a 3.02% annual rate over the next 5 years. RBC Capital Markets maintained the stock with "Hold" rating in Sunday, December 3 report. Therefore 23% are positive. FBR Capital maintained Newmont Mining Corporation (NYSE:NEM) rating on Wednesday, July 20. The stock has a market capitalization of $20,714.79, a PE ratio of 27.94 and a beta of 0.09. The firm has "Sector Perform" rating by Scotia Capital given on Tuesday, January 10. Jefferies maintained the stock with "Hold" rating in Thursday, July 14 report. The company was maintained on Monday, September 25 by BMO Capital Markets. Morgan Stanley upgraded the stock to "Overweight" rating in Thursday, November 10 report. The stock has "Hold" rating by Jefferies on Thursday, August 27. The company now has an average rating of "Buy" and an average target price of $42.64. Therefore 65% are positive. Lincoln National had 48 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has "Buy" rating by Citigroup given on Tuesday, August 2. The company was downgraded on Monday, March 13 by Sandler O'Neill. RBC Capital Markets has "Outperform" rating and $40 target. On Thursday, July 14 the stock rating was maintained by Jefferies with "Hold". BMO Capital Markets maintained Newmont Mining Corporation (NYSE:NEM) rating on Monday, April 24. Investors of record on Friday, December 8th were paid a $0.075 dividend. Its down 0.08, from 0.92 in 2017Q2. 42 funds opened positions while 81 raised stakes. Bancshares Of Montreal Can reported 2.17M shares or 0.07% of all its holdings. The Louisiana-based Waters Parkerson Ltd Liability has invested 1.02% in Lincoln National Corporation (NYSE:LNC). NEM's free cash flow ("FCF") per share for the trailing twelve months was +0.84.
Analysts await AmerisourceBergen Corporation (NYSE:ABC) to report earnings on January, 30. Amica Retiree Medical Trust invested in 0.09% or 3,025 shares. Moreover, Ftb Incorporated has 0% invested in Lincoln National Corporation (NYSE:LNC). Gamco Investors Et Al reported 1.17M shares. Canal Communication holds 70,000 shares or 0.92% of its portfolio.
South Texas Money Management Ltd decreased Exxon Mobil Corp (New) (NYSE:XOM) stake by 7,490 shares to 74,221 valued at $6.09M in 2017Q3. It also upped First Comwlth Finl Corp Pa (NYSE:FCF) stake by 29,653 shares and now owns 65,365 shares.
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