TheStreet reaffirmed their hold rating on shares of Newmont Mining (NYSE: NEM) in a report issued on Friday, AnalystRatingsNetwork.com reports.
“Newmont Mining Corporation (NEM) has been reiterated by TheStreet Ratings as a hold with a ratings score of C. The company’s strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and feeble growth in the company’s earnings per share.”
,” TheStreet’s analyst wrote.
A number of other firms have also recently commented on NEM. Analysts at CIBC cut their price target on shares of Newmont Mining from $52.00 to $45.00 in a research note to investors on Wednesday, May 1st. They now have a sector performer rating on the stock. Separately, analysts at Jefferies Group reiterated a hold rating on shares of Newmont Mining in a research note to investors on Wednesday, May 1st. They now have a $30.00 price target on the stock, down previously from $32.00. Finally, analysts at Mackie upgraded shares of Newmont Mining from a hold rating to a buy rating in a research note to investors on Wednesday, May 1st. They now have a $41.80 price target on the stock, down previously from $42.50.
One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. Newmont Mining presently has a consensus rating of Hold and an average price target of $45.80.
Shares of Newmont Mining (NYSE: NEM) traded down 0.53% during mid-day trading on Friday, hitting $31.80. Newmont Mining has a one year low of $30.30 and a one year high of $57.93. The stock’s 50-day moving average is currently $33.76. The company has a market cap of $15.811 billion and a P/E ratio of 9.73.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 27th. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Monday, June 10th.
Newmont Mining Corporation (NYSE: NEM) is a gold producer.