Investors sentiment increased to 1.06 in 2018 Q4. Its up 0.17, from 0.89 in 2018Q3. It increased, as 38 investors sold Newmont Mining Corporation shares while 165 reduced holdings. 73 funds opened positions while 143 raised stakes. 448.27 million shares or 4.39% more from 429.40 million shares in 2018Q3 were reported.
Eaton Vance Mgmt invested 0.01% in Newmont Mining Corporation (NYSE:NEM). Captrust Fincl Advsrs, North Carolina-based fund reported 200 shares. Pettee Investors Incorporated holds 24,134 shares or 0.59% of its portfolio. Benjamin F Edwards And Incorporated invested in 0.01% or 2,000 shares. California State Teachers Retirement Systems reported 885,261 shares or 0.07% of all its holdings. Lazard Asset Mgmt Ltd Company reported 15,563 shares. Geode Mngmt Ltd Llc has invested 0.09% in Newmont Mining Corporation (NYSE:NEM). The Idaho-based Sun Valley Gold Limited has invested 0.95% in Newmont Mining Corporation (NYSE:NEM). Richard Bernstein Advisors Limited Liability has 0.14% invested in Newmont Mining Corporation (NYSE:NEM) for 113,280 shares. Mackay Shields Lc accumulated 102,164 shares. 13,830 are owned by Everence Cap Mgmt. State Of Tennessee Treasury Department has 192,429 shares. 1,090 were accumulated by Ftb. 325,000 were accumulated by Hussman Strategic Advisors Inc. Pnc Financial Service Grp reported 92,198 shares.
Since October 1, 2018, it had 0 insider buys, and 22 sales for $2.16 million activity. Shares for $65,760 were sold by Buese Nancy on Monday, December 3. Dorward-King Elaine J sold $98,640 worth of stock or 3,000 shares. Lawson Scott P sold $171,368 worth of Newmont Mining Corporation (NYSE:NEM) on Wednesday, January 2. 4,000 Newmont Mining Corporation (NYSE:NEM) shares with value of $131,520 were sold by Goldberg Gary J. Gottesfeld Stephen P sold 3,500 shares worth $122,605. 5,000 shares valued at $157,207 were sold by MacGowan William N on Thursday, November 1.
The stock of Newmont Mining Corporation (NYSE:NEM) is a huge mover today! The stock increased 2.50% or $0.83 during the last trading session, reaching $34.28. About 7.65M shares traded. Newmont Mining Corporation (NYSE:NEM) has declined 9.60% since March 12, 2018 and is downtrending. It has underperformed by 13.97% the S&P500.
The move comes after 6 months positive chart setup for the $18.26 billion company. It was reported on Mar, 12 by Barchart.com. We have $37.02 PT which if reached, will make NYSE:NEM worth $1.46 billion more.
Analysts await Newmont Mining Corporation (NYSE:NEM) to report earnings on April, 25. They expect $0.25 EPS, down 28.57 % or $0.10 from last year’s $0.35 per share. NEM’s profit will be $133.19 million for 34.28 P/E if the $0.25 EPS becomes a reality. After $0.40 actual EPS reported by Newmont Mining Corporation for the previous quarter, Wall Street now forecasts -37.50 % negative EPS growth.
Newmont Mining Corporation (NYSE:NEM) Ratings Coverage
Among 5 analysts covering Newmont Mining (NYSE:NEM), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Newmont Mining had 5 analyst reports since September 17, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, January 15 by Canaccord Genuity. The stock of Newmont Mining Corporation (NYSE:NEM) has “Overweight” rating given on Monday, September 17 by JP Morgan. On Friday, February 22 the stock rating was maintained by Jefferies with “Hold”. IBC downgraded Newmont Mining Corporation (NYSE:NEM) rating on Tuesday, January 15. IBC has “Neutral” rating and $41 target.
More notable recent Newmont Mining Corporation (NYSE:NEM) news were published by: Seekingalpha.com which released: “Newmont Mining: How To Buy Gold At A Deeper Discount – Seeking Alpha” on August 22, 2018, also Benzinga.com with their article: “Newmont Rejects Barrick’s Acquisition Offer (NYSE:NEM)(NYSE:GOLD) – Benzinga” published on March 04, 2019, Investorplace.com published: “3 Ways to Trade the Bull Market for Gold Stocks – Investorplace.com” on February 28, 2019. More interesting news about Newmont Mining Corporation (NYSE:NEM) were released by: Seekingalpha.com and their article: “Newmont CEO defends Goldcorp deal but analyst foresees rival bidders – Seeking Alpha” published on January 15, 2019 as well as Investorplace.com‘s news article titled: “5 Must-See Stock Charts for Friday: Newmont, Nike, Tesla – Investorplace.com” with publication date: February 21, 2019.
Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company has market cap of $18.26 billion. The firm primarily acquires, develops, explores for, and produces gold. It has a 53.57 P/E ratio. It also explores for silver and copper properties.