Revenue Estimates Analysis Newmont Mining Corporation (NEM)

Revenue Estimates Analysis Newmont Mining Corporation (NEM)

Currently, the stock carries a price to earnings ratio of 12.14, a price to book ratio of 1.39, and a price to sales ratio of 0.3. Sometimes investors predict a microeconomic or macroeconomic downturn but hold onto a stock because it was recommended by a leading financial institution. Oregon Public Employees Retirement Fund who had been investing in Newmont Mining Corp for a number of months, seems to be less bullish one the $20.38B market cap company. The stock increased 0.08% or $0.03 during the last trading session, reaching $38.47.

The stock exchanged hands with 6181357 numbers of shares contrast to its average daily volume of 5.43M shares.Volume is the number of shares or contracts traded in a security or an entire market during a given period of time.

In case of Revenue Estimates, 6 analysts have provided their consensus Average Revenue Estimates for Newmont Mining Corporation as 1.89 Billion. It has underperformed by 18.19% the S&P500. The average analysts gave this company a mean recommendation of 1.90. Teacher Retirement System of Texas now owns 293,185 shares of the basic materials company's stock worth $10,997,000 after buying an additional 1,662 shares during the last quarter. The company operates in the Basic Materials sector with a market capitalization of 20.36 Million. The stock decreased 2.01% or $0.26 during the last trading session, reaching $12.66. It also upped Vereit Inc stake by 2.05M shares and now owns 5.67M shares. Green Dot Corporation (NYSE:GDOT) has risen 53.57% since March 1, 2017 and is uptrending. It has outperformed by 28.89% the S&P500.

AECOM (NYSE:ACM) is worth US$5.65 Billion and has recently fallen -1.8% to US$36.09. It also reduced its holding in Abbvie Inc (NYSE:ABBV) by 6,300 shares in the quarter, leaving it with 21,363 shares, and cut its stake in Freeport (NYSE:FCX).

Investors sentiment increased to 1.4 in 2017 Q3. Its up 0.47, from 0.93 in 2017Q2.

Want to see what other hedge funds are holding NEM? 132 funds opened positions while 462 raised stakes. 427.26 million shares or 26.53% more from 337.68 million shares in 2017Q2 were reported. Pictet Asset Management Limited holds 0.02% of its portfolio in Alliance Data Systems Corporation (NYSE:ADS) for 25,981 shares. Sandy Spring Bank & Trust owns 83 shares.

While looking at the Stock's Performance, Newmont Mining Corporation now shows a Weekly Performance of 0.1%, where Monthly Performance is -4.69%, Quarterly performance is 2.96%, 6 Months performance is -0.26% and yearly performance percentage is 11.57%.


Newmont Mining Corporation (NEM)'s mean Altman Z-Score: 2.05 during the last 7 years. Parkside Natl Bank And Tru reported 8 shares. Arrowmark Colorado Liability Corporation owns 326,000 shares.

Since September 1, 2017, it had 0 insider buys, and 9 selling transactions for $1.07 million activity.

On 4/19/2017 Newmont Mining announced a quarterly dividend of $0.05 0.59% with an ex dividend date of 6/6/2017 which will be payable on 6/22/2017.

Newmont Mining Corporation (NYSE:NEM) plunged -0.62% with the closing price of $38.20. Nikko Asset Mgmt Americas accumulated 500 shares or 0.01% of the stock. Old Comml Bank In owns 6,648 shares or 0.01% of their U.S. portfolio. Tiedemann Wealth Management Ltd Llc invested in 14,862 shares or 0.02% of the stock. Employees Retirement Sys Of Texas has invested 0.01% in Newmont Mining Corporation (NYSE:NEM). Gabelli Funds LLC grew its position in Newmont Mining by 3.7% in the third quarter.

Many analysts are providing their Estimated Earnings analysis for Newmont Mining Corporation and for the current quarter 10 analysts have projected that the stock could give an Average Earnings estimate of $0.34/share. Therefore 54% are positive. Newmont Mining has a 1-year low of $31.42 and a 1-year high of $42.04. The rating was downgraded by Standpoint Research on Friday, March 18 to "Hold". KBC Group NV's holdings in Newmont Mining were worth $2,330,000 at the end of the most recent quarter. Deutsche Bank lowered Newmont Mining from a buy rating to a hold rating and decreased their target price for the company from $42.00 to $40.00 in a report on Tuesday, January 16th. The firm earned "Buy" rating on Friday, September 15 by Cowen & Co. Chevy Chase reported 0.11% of its portfolio in Newmont Mining Corporation (NYSE:NEM). The firm has "Hold" rating given on Thursday, July 14 by Jefferies. FBR Capital has "Mkt Perform" rating and $16 target. The shares were sold at an average price of $36.98, for a total transaction of $46,225.00. The insider Dorward-King Elaine J sold $392,268. The stock of Newmont Mining Corporation (NYSE:NEM) has "Buy" rating given on Friday, April 28 by Credit Suisse. During the same quarter last year, the firm earned $0.25 EPS. equities research analysts expect that Newmont Mining Corp will post 1.37 EPS for the current year.

EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS growth stands at 389.70%, and looking further price to next year's EPS growth is 14.60%. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Alliance Data Systems had 79 analyst reports since August 9, 2015 according to SRatingsIntel. The stock of Green Dot Corporation (NYSE:GDOT) has "Buy" rating given on Tuesday, May 23 by Jefferies. On Monday, June 12 the stock rating was maintained by RBC Capital Markets with "Hold". Shares for $189,250 were sold by Lawson Scott P. 5,700 shares were sold by Engel E Randall, worth $229,311.

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