Analysts take a look at Newmont Mining Corporation (NYSE:NEM) having this to say.

April 17, 2018 - By Duane Lopez

Newmont Mining Corporation (NYSE:NEM) LogoInvestors sentiment decreased to 1.06 in 2017 Q4. Its down 0.34, from 1.4 in 2017Q3. It dived, as 38 investors sold Newmont Mining Corporation shares while 178 reduced holdings. 70 funds opened positions while 160 raised stakes. 428.87 million shares or 0.38% more from 427.26 million shares in 2017Q3 were reported.
Tarbox Family Office Inc holds 0% or 296 shares. Sumitomo Life Ins Communication invested 0.17% of its portfolio in Newmont Mining Corporation (NYSE:NEM). Earnest Prtn Limited Liability Company invested in 268 shares. Amer Beacon Advsr stated it has 1.26% in Newmont Mining Corporation (NYSE:NEM). State Street owns 27.59M shares for 0.08% of their portfolio. 389,096 were reported by Voya Inv Ltd Liability. Riggs Asset Managment holds 1 shares or 0% of its portfolio. Macquarie Gru reported 0% in Newmont Mining Corporation (NYSE:NEM). Deutsche Bancorporation Ag, a Germany-based fund reported 2.67M shares. Moreover, Cohen Steers has 0.01% invested in Newmont Mining Corporation (NYSE:NEM). Sg Americas Secs Llc reported 492,216 shares stake. 1,144 are owned by Atlantic Tru Group Inc Inc Ltd Co. Rampart Invest Mgmt Ltd Com has 6,539 shares for 0.09% of their portfolio. Connor Clark & Lunn Invest Management Ltd holds 0.05% in Newmont Mining Corporation (NYSE:NEM) or 242,850 shares. 28,022 were accumulated by Global X Management Ltd Llc.

Since January 2, 2018, it had 0 insider purchases, and 12 sales for $1.06 million activity. On Thursday, March 1 the insider Palmer Thomas Ronald sold $47,575. 5,700 Newmont Mining Corporation (NYSE:NEM) shares with value of $229,311 were sold by Engel E Randall. Goldberg Gary J had sold 1,000 shares worth $40,230. Lawson Scott P sold 1,489 shares worth $58,593. Dorward-King Elaine J sold $117,994 worth of Newmont Mining Corporation (NYSE:NEM) on Monday, April 2.

Newmont Mining Corporation (NYSE:NEM) Ratings Coverage

Among 9 analysts covering Newmont Mining Corporation (NYSE:NEM), 3 have Buy rating, 1 Sell and 5 Hold. Therefore 33% are positive. Newmont Mining Corporation had 16 analyst reports since October 19, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, March 28 by BMO Capital Markets. The stock of Newmont Mining Corporation (NYSE:NEM) has “Sell” rating given on Tuesday, April 3 by RBC Capital Markets. As per Friday, February 2, the company rating was maintained by RBC Capital Markets. As per Wednesday, April 11, the company rating was maintained by Deutsche Bank. Citigroup maintained Newmont Mining Corporation (NYSE:NEM) on Thursday, March 1 with “Neutral” rating. The company was maintained on Tuesday, November 14 by BMO Capital Markets. Scotia Capital maintained it with “Buy” rating and $48.0 target in Monday, January 15 report. The firm earned “Buy” rating on Monday, December 18 by BMO Capital Markets. As per Monday, February 26, the company rating was maintained by Bank of America. RBC Capital Markets downgraded Newmont Mining Corporation (NYSE:NEM) on Monday, March 12 to “Sell” rating. Below is a list of Newmont Mining Corporation (NYSE:NEM) latest ratings and price target changes.

11/04/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $40 New Target: $41 Maintain
03/04/2018 Broker: RBC Capital Markets Rating: Sell New Target: $44.0000 Maintain
28/03/2018 Broker: BMO Capital Markets Rating: Buy New Target: $46.0000 Maintain
12/03/2018 Broker: RBC Capital Markets Rating: Sell Downgrade
01/03/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $37 New Target: $42 Maintain
27/02/2018 Broker: FBR Capital Rating: Hold New Target: $41.0
27/02/2018 Broker: B. Riley & Co Rating: Neutral Old Target: $40 New Target: $41 Maintain
26/02/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $46 New Target: $49 Maintain
02/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $45.0 Maintain
16/01/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Hold Downgrade

The stock increased 0.36% or $0.15 during the last trading session, reaching $41.57. About 1.82 million shares traded. Newmont Mining Corporation (NYSE:NEM) has risen 15.10% since April 17, 2017 and is uptrending. It has outperformed by 3.55% the S&P500.

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company has market cap of $22.19 billion. The firm primarily acquires, develops, explores for, and produces gold. It currently has negative earnings. It also explores for silver and copper properties.

Newmont Mining Corporation (NYSE:NEM) Institutional Positions Chart

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