Newmont Mining Corporation (NYSE:NEM) stock is presently standing at about $31.50 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 17 analysts covering the company is $45.00, which suggests the stock could still rise over 30 percent. The highest analyst price target is $59.00, which implies a rally of 13 percent. And a quick view of analyst notes show that 10 are rating the stock a buy while 2 rate NEM a strong buy. There are 7 equity research firms advocating a Hold and 0 consider it Sell.
BofA/Merrill analysts provided their view on Newmont Mining Corporation (NYSE:NEM) recently. The rating firm issued a Buy rating to this company in a research note released on Nov 22, 2016. JP Morgan analysts disclosed their opinion on Newmont Mining Corporation (NYSE:NEM) recently. The rating firm gave a Overweight rating to this stock in a research note published on Nov 03, 2016. According to a research note disclosed on Oct 17, 2016, analysts at Barclays have upped their rating on these shares from Equal Weight to Overweight.
Newmont Mining Corporation (NYSE:NEM) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its EVP, Human Resources MacGowan William N sold 2,006 company shares for $75000.29, in a transaction on 2016-11-01. Following the transaction, the EVP, Human Resources is left with a stake of 75.29 shares, currently valued at $2372. Meanwhile, EVP & Chief Technology Officer Lawson Scott P sold 1,500 shares worth $53000.99, through a transaction dated 2016-10-25. Following the completion of the transaction, the insider is left with a stake of 44,795 shares, amounting $1411042.5. NEM EVP, Human Resources MacGowan William N also sold 8,135 shares, at a stock price of $44.95. This transaction occurred on 2016-08-04 totals $365000.67. After this transaction, the insider’s stake stands at 99,805 shares, with a market value of $3143858.
Executives hold 0.57 percent of the stock. Richard T. O’Brien is one of the biggest insider owners in Newmont Mining Corporation (NYSE:NEM), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 345,948 shares which have current market value of around $10897362.Mr. Gary J. Goldberg is another major inside shareholder in the company. The insider owns 311,207 shares as of less than 0.1%, currently worth $9803020.5. Randy Engel is ranked as third insider holder of the stock. This insider holds 219,389 shares with a market value around $6910753.5 as of recent close.
Newmont Mining Corporation (NYSE:NEM) Earnings Outlook
In Newmont Mining Corporation (NYSE:NEM)’s latest quarter, EPS moved to $0.38 from $0.44 in preceding quarter and revenues reached at $1,791.00M compared to $2,038.00M. Analysts had expected Newmont Mining Corporation (NYSE:NEM) to post net income of about $0.49 per share on $1,911.73M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.34 to $0.63. That is compared with the $0.04 in EPS it reported during the same period a year ago.