Stock Momentum Focus on Newmont Mining Corporation (NYSE:NEM)

Jay Anderson
May 19, 2017

Newmont Mining Corporation (NEM) now trades with a market capitalization of $18.23 Billion. Its Current ratio for most recent quarter of 3.10.

Is Primero Mining Corp.

Other hedge funds also recently modified their holdings of the company. Moreover, Metropolitan Life Insur New York has 0% invested in Primero Mining Corp (TSE:P) for 13,878 shares. They expect $1.08 EPS, up 125.00% or $0.60 from last year's $0.48 per share. Janus Capital Management LLC raised its position in Newmont Mining Corp by 38.1% in the fourth quarter.

11/10/2016 - Newmont Mining Corporation had its "mkt perform" rating reiterated by analysts at FBR Capital Markets. The stock decreased 2.64% or $0.79 during the last trading session, reaching $29.18. Tuttle Tactical Management LLC bought a new stake in shares of Newmont Mining Corp during the third quarter worth $172,000. That value represents a market adjusting for revenues that have been growing by 13.47 % on a quarterly year/year basis as of the company's last quarterly report. 12,536 were reported by Ls Invest Ltd Company. 1,000 Newmont Mining Corp (NYSE:NEM) shares with value of $33,670 were sold by Goldberg Gary J. Using a broader approach, the stock has been trading -49.86% off of the 200-day moving average. The company has market cap of $18.20 billion. Shares are trading 0.83% above their 50-day moving average, and -6.08% below their 200-day moving average. The lowest target is $16 while the high is $58.

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Checking in on some valuation rankings, Newmont Mining Corporation (NYSE:NEM) has a Value Composite score of 37. The firm earned $1.66 billion during the quarter, compared to the consensus estimate of $1.73 billion. After $1.41 actual EPS reported by Chevron Corporation for the previous quarter, Wall Street now forecasts -23.40% negative EPS growth. The stock of Chevron Corporation (NYSE:CVX) earned "Outperform" rating by Macquarie Research on Thursday, December 15. The firm has "Sell" rating by UBS given on Tuesday, July 21. 9,629 shares valued at $125,755 were sold by Robinson Kristen on Tuesday, February 28. The ex-dividend date is Tuesday, June 6th.

Let's take a quick look at how the price of Primero Mining Corp. If you are reading this news story on another site, it was stolen and republished in violation of U.S. and worldwide copyright & trademark laws. If you are accessing this report on another site, it was stolen and reposted in violation of USA and global trademark & copyright law. MGIC Investment Corp. had 19 analyst reports since August 12, 2015 according to SRatingsIntel. Hartford Fin Management Incorporated holds 0.01% of its portfolio in Newmont Mining Corp (NYSE:NEM) for 600 shares. Bank of America downgraded Newmont Mining Corp (NYSE:NEM) on Friday, March 11 to "Neutral" rating. Finally, BMO Capital Markets reissued an "outperform" rating and set a C$2.00 price target on shares of Capstone Mining Corp in a research report on Wednesday, April 12th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of "Buy" and a consensus target price of C$1.49. The shares were purchased at an average price of C$2.23 per share, for a total transaction of C$111,500.00. Fairfield Bush And invested in 56,381 shares or 2.18% of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

The number of shares traded in the last trading session was 3.94 Million. It improved, as 11 investors sold Primero Mining Corp shares while 18 reduced holdings. Following the completion of the sale, the executive vice president now directly owns 91,462 shares in the company, valued at $3,320,985.22. The disclosure for this sale can be found here. The lowest 12-month price target for the shares is $27.00, which would be decrease of about -20% of its current value. Company insiders own 0.22% of the company's stock.

Newmont Mining Corporation (NEM) is an interesting player in the Basic Materials space, with a focus on Gold. The Company's segments include individual mining operations of Pinto Valley (the United States), Cozamin (Mexico), Minto (Canada), Santo Domingo development project (Chile) and other.

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