Dividend Growth of Newmont Mining Corporation(NEM)

Newmont Mining Corporation(NEM) is having a Dividend Yield of 0.54% with the Annual cash Dividend per share of $0.13. The last quarter cash dividend per share pay out was $0.05. Newmont Mining Corporation has a 5 year average dividend yield of 1.84% and the stock has a Indicated annual dividend of $0.2. Newmont Mining Corporation(NEM) formally announced its most recent dividend on October 27, 2016 with a Dividend per share of $0.05. The new indicated annual dividend based on announced dividend per share is $0.2. The dividend yield based on the forward looking indicated annual dividend is 0.54%. Newmont Mining Corporation(NEM) has the most recent dividend payout ratio of 0.08 with a 5-year average payout ratio of 0.26. The 5 year historical dividend growth of Newmont Mining Corporation(NEM) is at the rate of -51.78% while the R-Squared dividend growth is 0.74. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Newmont Mining Corporation (NYSE:NEM) rose 1.46% or 0.54 points on Thursday and made its way into the gainers of the day. After trading began at $37.37 the stock was seen hitting $37.69 as a peak level and $37.26 as the lowest level. The stock ended up at $37.57. The daily volume was measured at 5,791,343 shares. The 52-week high of the share price is $46.07 and the 52-week low is $23.12. The company has a market cap of $19,940 million. Shares of Newmont Mining Corporation rose by 0.99% in the last five trading days and 6.55% for the last 4 weeks. Newmont Mining Corporation is up 10.96% in the last 3-month period. Year-to-Date the stock performance stands at 10.27%.

Currently the company Insiders own 0.22% of Newmont Mining Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.35% . Institutional Investors own 82.02% of Newmont Mining Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -3.45%. Company has reported several Insider transactions to the SEC, on Feb 1, 2017, Scott P Lawson (EVP & Chief Technology Officer) sold 1,500 shares at 35.83 per share price.On Nov 3, 2016, William N Macgowan (EVP, Human Resources) sold 2,006 shares at 37.53 per share price.On Jul 29, 2016, E Randall Engel (EVP, Strategic Development) sold 8,700 shares at 42.55 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Newmont Mining Corp was Upgraded by Standpoint Research on Dec 29, 2016 to Buy, Price Target of the shares are set at $42.Newmont Mining Corp was Downgraded by Citigroup to Neutral on Dec 5, 2016. Newmont Mining Corp was Upgraded by BofA/Merrill to Buy on Nov 22, 2016.

Newmont Mining Corp Last issued its quarterly earnings results on Oct 26, 2016. The company reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.11. Analyst had a consensus of $0.49. The company had revenue of $2038.00 million for the quarter, compared to analysts expectations of $1896.62 million. The companys revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Newmont Mining Corp. is engaged in the production of gold, the exploration for gold and the acquisition and development of gold properties worldwide. The company produces gold from mines in Nevada and California, and, outside of the United States, from operations in Peru, Indonesia, Mexico and Uzbekistan.


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