Newmont Mining Corporation (NYSE:NEM) stock is currently pricing at roughly $33.01. Our analysis shows that the stock is widely covered by equity research firms, and target prices are revealing. From a summary standpoint, we track the median one-year price target among 18 analysts covering the company at $40.00. That suggests shares of the stock may have another 17 percent to the upside left to run. Of those analysts we surveyed, the highest price target on recordsits at $48.00, which would imply another 55 percent in upside potential. If we look for a little more qualitative data on the range of expectations, we find in analyst notes that the stock has 9 “Buy” ratings in place. At the same time, 1 rate the stock a “strong buy”, suggesting more conviction in the story. As for the doubters, 8 equity research analyst firms call this stock a “Hold” and 0 consider it bad enough to warrant a “Sell” rating.
Analysts at RBC Capital Mkts took a look at NEM shares in a research note released on Mar 16, 2017, and issued a Sector Perform rating to this company. Standpoint Research analysts provided their own take on company recently as well. In a research note published on Dec 29, 2016,the house assigned a Buy rating to this stock. According to a piece that hit the wires on Dec 05, 2016, researchers at Citigroup reconsidered their prior rating on the stock, and lowered it from Buy Perform to Neutral.
Newmont Mining Corporation (NEM) Cap Table Analysis
Breaking down the capitalization table is our next goal. From a bird’s eye view, Executives hold 0.63 percent of the stock.
If we take a more granular look, Richard T. O’Brien is one of the largest owners in company capital stock among insiders. According to U.S. Securities and Exchange Commission (SEC) filings, this investor owns 345,948 shares, representing a total current market value of roughly $11419743.48. Randy Engel is another major player among company insiders, currently holding 205,070 shares as of less than 0.1%, carrying a current market value of $6769360.7. Ms. Laurie Brlas is currently ranked as the number three insider in terms of representation on the cap table for the stock, holding 141,738 shares, valued at around $4678771.38 as of recent close.
We noted a few insider transactions for the stock recently as well.
In a transaction on 2017-05-01, the company’s President and CEO Goldberg Gary J sold 1,000 company shares for 33670. That means, once accounting for this transaction, the President and CEO is left with a stake of 486,363 shares, carrying a current total market value of $16054843. In addition, by means of a transaction dated 2017-04-25, EVP & Chief Technology Officer Lawson Scott P sold 1,500 shares worth $50550. After that transaction, this investor is left with a total holding of 61,696 shares, representing a total investment value of $2036584.96. We also noted a 2017-04-03 transaction in which NEM President and CEO Goldberg Gary J sold 1,000 shares at a stock price of $33.05, carrying a total value of $33050, after which, this insider’s investment stands at 487,364 shares, with an overall financial value of $16087886.
Newmont Mining Corporation (NYSE:NEM) Earnings View
In the company’s last quarter, NEM EPS moved to $0.25 from $0.25 compared sequentially with the prior quarter. Revenues for the company came in at $1.66BM. This stacks up against $1.79BM, on a sequential basis.
How does this compare with bottom and top-line expectations? Well, according to what we could find, analysts had been looking for the company to post net income of about $0.22 per share on $1.72BM in revenue. That sets up an interesting next quarter report card. We would note that analysts seem to be projecting earnings, on average, for this quarter in the range of $0.17 to $0.35. On a year-over-year basis, that compares with an EPS comp of $0.44.