Newmont Mining Corporation (NYSE:NEM)

Newmont Mining Corp. is engaged in the production of gold, the exploration for gold and the acquisition and development of gold properties worldwide. The company produces gold from mines in Nevada and California, and, outside of the United States, from operations in Peru, Indonesia, Mexico and Uzbekistan.

Newmont Mining Corporation (NYSE:NEM)’s Financial Overview

Newmont Mining Corporation (NYSE:NEM) surged 0.3% yesterday to close its trading session at $33.55. The company has 1 year Price Target of $44.71. Newmont Mining Corporation has 52-Week high of $46.07 and 52-Week Low of $16.05. The stock touched its 52-Week High on Aug 12, 2016 and 52-Week Low on Jan 21, 2016. The stock traded with the volume of 7.87 Million shares yesterday. The firm shows the market capitalization of $17.81 Billion.

Newmont Mining Corporation (NYSE:NEM) reported its last quarterly earnings on Sep 16 where the firm reported its Actual EPS of $0.51/share against the analyst consensus estimate of $0.5/share. The difference between the actual and expected EPS is $0.01 a share with a surprise factor of 2%.

The firm is trading with SMA20 of -3.09 Percent, SMA50 of -6.41 Percent and SMA200 of -4.18 percent. Newmont Mining Corporation has P/S value of 2.64 while its P/B value stands at 1.6. Similarly, the company has Return on Assets of -0.9 percent, Return on Equity of -2 percent and Return on Investment of 2.3 Percent. The company shows Gross Margin and Operating Margin of 42.5 percent and 18.6 percent respectively.

Many brokerage firms are involved in issuing their ratings on Newmont Mining Corporation (NYSE:NEM). On 22-Nov-16 BofA/Merrill Upgrade Newmont Mining Corporation Stock  to Buy. Another firm also rated the stock on 3-Nov-16 where JP Morgan Upgrade the stock to Overweight.

The Stock currently has Analyst’ mean Recommendation of 2.2 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell.

The 19 analysts offering 12-month price forecasts for Newmont Mining Corp have a median target of 44.00, with a high estimate of 59.00 and a low estimate of 23.00. The median estimate represents a +31.15% increase from the last price of 33.55.

Our vendor, Zacks Investment Research, hasn’t provided us with the upcoming earnings report date.