Newmont (NEM) Expected to Announce Earnings on Thursday

Newmont (NYSE:NEM - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect Newmont to post earnings of $1.11 per share and revenue of $5.32 billion for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Newmont Price Performance

Shares of NYSE NEM traded down $1.14 during midday trading on Friday, reaching $46.61. The company's stock had a trading volume of 9,887,660 shares, compared to its average volume of 8,523,534. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. Newmont has a fifty-two week low of $29.42 and a fifty-two week high of $58.72. The business's 50 day moving average price is $41.01 and its two-hundred day moving average price is $46.50. The company has a market cap of $53.06 billion, a P/E ratio of -30.66, a P/E/G ratio of 0.38 and a beta of 0.52.

Insider Activity

In related news, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $128,670.00. Following the completion of the transaction, the executive vice president now directly owns 79,596 shares of the company's stock, valued at approximately $3,413,872.44. This trade represents a 3.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harry M. Iv Conger acquired 9,498 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average cost of $42.15 per share, with a total value of $400,340.70. Following the completion of the acquisition, the director now owns 14,498 shares in the company, valued at $611,090.70. This trade represents a 189.96 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 28,154 shares of company stock valued at $1,166,843 in the last three months. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on NEM shares. The Goldman Sachs Group initiated coverage on shares of Newmont in a research report on Monday, January 13th. They set a "buy" rating and a $47.20 price objective for the company. Cibc World Mkts cut shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 28th. JPMorgan Chase & Co. upgraded shares of Newmont from a "neutral" rating to an "overweight" rating in a report on Tuesday, November 19th. Royal Bank of Canada upped their target price on shares of Newmont from $47.00 to $52.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 11th. Finally, Scotiabank lowered their target price on shares of Newmont from $52.00 to $50.00 and set a "sector perform" rating on the stock in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $53.37.

Newmont Company Profile

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.