Newmont (NEM) Expected to Announce Quarterly Earnings on Thursday

Newmont (NYSE:NEM - Get Free Report) will likely be announcing its earnings results after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $1.11 per share and revenue of $5.31 billion for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Newmont Price Performance

NYSE:NEM traded down $0.86 during trading hours on Friday, hitting $46.90. 4,227,704 shares of the stock traded hands, compared to its average volume of 8,882,644. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. Newmont has a 1 year low of $29.42 and a 1 year high of $58.72. The company has a market cap of $53.39 billion, a price-to-earnings ratio of -30.86, a price-to-earnings-growth ratio of 0.38 and a beta of 0.52. The stock has a 50 day moving average price of $40.90 and a 200 day moving average price of $46.51.

Insider Buying and Selling

In other news, Director Harry M. Iv Conger bought 9,498 shares of Newmont stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of $42.15 per share, for a total transaction of $400,340.70. Following the completion of the acquisition, the director now owns 14,498 shares of the company's stock, valued at $611,090.70. This trade represents a 189.96 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $120,000.00. Following the completion of the transaction, the executive vice president now owns 82,596 shares of the company's stock, valued at $3,303,840. This represents a 3.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,154 shares of company stock valued at $1,166,843 over the last three months. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on NEM. Scotiabank dropped their price objective on shares of Newmont from $52.00 to $50.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 21st. Raymond James dropped their price objective on shares of Newmont from $62.00 to $59.00 and set an "outperform" rating for the company in a research note on Monday, November 25th. UBS Group lowered shares of Newmont from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $67.00 to $54.00 in a research note on Wednesday, October 30th. Bernstein Bank lifted their price objective on shares of Newmont from $55.00 to $58.00 in a research note on Monday, November 11th. Finally, Cibc World Mkts lowered shares of Newmont from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $53.37.

About Newmont

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.