基本面研究分析师给出了纽蒙特(纽约证券交易所代码:NEM)的目标价为51.92美元

基本面研究分析师给出了纽蒙特(纽约证券交易所代码:NEM)的目标价为51.92美元
2023年03月08日 17:39 富途牛牛综合

Fundamental Research set a $51.92 price objective on Newmont (NYSE:NEM – Get Rating) in a research report sent to investors on Tuesday, BayStreet.CA reports. The firm currently has a buy rating on the basic materials company's stock.

A number of other equities research analysts have also recently weighed in on NEM. National Bank Financial increased their price target on Newmont from C$76.00 to C$86.00 in a research note on Friday, January 13th. Credit Suisse Group increased their price target on shares of Newmont to $54.00 in a report on Monday, November 21st. TD Securities upgraded Newmont from a hold rating to a buy rating and set a $55.00 price objective for the company in a report on Friday, February 24th. Canaccord Genuity Group reiterated a hold rating and set a $56.00 target price (up previously from $50.00) on shares of Newmont in a research note on Thursday, January 19th. Finally, Barclays boosted their price target on Newmont from $54.00 to $57.00 and gave the company an equal weight rating in a research note on Monday, January 30th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $62.93.

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Newmont Trading Down 3.9 %

Shares of Newmont stock opened at $42.50 on Tuesday. The stock has a market cap of $33.74 billion, a P/E ratio of -78.70, a P/E/G ratio of 1.67 and a beta of 0.31. Newmont has a 12-month low of $37.45 and a 12-month high of $86.37. The business's 50 day moving average is $49.15 and its 200-day moving average is $45.78. The company has a quick ratio of 1.89, a current ratio of 2.23 and a debt-to-equity ratio of 0.31.

Newmont (NYSE:NEM – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The basic materials company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.03). Newmont had a positive return on equity of 6.98% and a negative net margin of 3.60%. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. Equities research analysts predict that Newmont will post 2.3 earnings per share for the current fiscal year.

Newmont Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Wednesday, March 8th. Newmont's dividend payout ratio is presently -296.30%.

Insider Buying and Selling

In other Newmont news, CEO Thomas Ronald Palmer sold 11,000 shares of Newmont stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $48.23, for a total value of $530,530.00. Following the sale, the chief executive officer now owns 199,949 shares of the company's stock, valued at $9,643,540.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Robert D. Atkinson sold 3,000 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $44.25, for a total transaction of $132,750.00. Following the completion of the transaction, the chief operating officer now owns 87,751 shares in the company, valued at approximately $3,882,981.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas Ronald Palmer sold 11,000 shares of the business's stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $48.23, for a total value of $530,530.00. Following the completion of the sale, the chief executive officer now owns 199,949 shares in the company, valued at $9,643,540.27. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,000 shares of company stock valued at $1,294,720. 0.11% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blair William & Co. IL increased its stake in shares of Newmont by 14.8% during the first quarter. Blair William & Co. IL now owns 42,511 shares of the basic materials company's stock valued at $3,378,000 after buying an additional 5,484 shares during the period. Sei Investments Co. grew its stake in shares of Newmont by 19.3% in the first quarter. Sei Investments Co. now owns 66,212 shares of the basic materials company's stock worth $5,219,000 after acquiring an additional 10,692 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Newmont by 46.9% during the 1st quarter. Cetera Investment Advisers now owns 27,905 shares of the basic materials company's stock valued at $2,217,000 after buying an additional 8,915 shares during the period. Baird Financial Group Inc. increased its position in shares of Newmont by 7.2% during the 1st quarter. Baird Financial Group Inc. now owns 595,641 shares of the basic materials company's stock valued at $47,324,000 after purchasing an additional 39,765 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Newmont by 25.8% in the first quarter. Parkside Financial Bank & Trust now owns 1,354 shares of the basic materials company's stock worth $108,000 after acquiring an additional 278 shares during the period. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Newmont Company Profile

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Newmont Corp. is a gold producer, engages in the exploration and acquisition of gold properties, contains copper, silver, lead, zinc or other metals. It operates through the following geographical segments: North America, South America, Nevada, Australia, and Africa. The North America segment consists primarily of carlin, phoenix, twin creeks and long canyon in the state of Nevada and Cripple Creek and Victor in the state of Colorado, in the United States.

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