Zeke Capital Advisors LLC purchased a new stake in shares of Newmont Mining Corp (NYSE:NEM) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 9,941 shares of the basic materials company’s stock, valued at approximately $373,000.
Several other hedge funds have also recently added to or reduced their stakes in NEM. Creative Planning raised its position in shares of Newmont Mining by 22.3% during the 2nd quarter. Creative Planning now owns 8,761 shares of the basic materials company’s stock valued at $284,000 after buying an additional 1,598 shares during the period. NGAM Advisors L.P. raised its position in shares of Newmont Mining by 3.2% during the 2nd quarter. NGAM Advisors L.P. now owns 69,957 shares of the basic materials company’s stock valued at $2,266,000 after buying an additional 2,145 shares during the period. IBM Retirement Fund raised its position in shares of Newmont Mining by 120.5% during the 2nd quarter. IBM Retirement Fund now owns 13,059 shares of the basic materials company’s stock valued at $472,000 after buying an additional 7,137 shares during the period. CIBC Asset Management Inc raised its position in shares of Newmont Mining by 1.8% during the 2nd quarter. CIBC Asset Management Inc now owns 224,242 shares of the basic materials company’s stock valued at $7,263,000 after buying an additional 3,942 shares during the period. Finally, CAPROCK Group Inc. purchased a new stake in shares of Newmont Mining during the 2nd quarter valued at approximately $388,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on NEM shares. Zacks Investment Research lowered shares of Newmont Mining from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub lowered shares of Newmont Mining from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. BMO Capital Markets set a $40.00 price target on shares of Newmont Mining and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Royal Bank Of Canada set a $41.00 price target on shares of Newmont Mining and gave the company a “hold” rating in a research report on Monday, August 28th. Finally, TheStreet raised shares of Newmont Mining from a “c+” rating to a “b” rating in a research report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $40.83.
Newmont Mining Corp (NYSE NEM) traded up $0.20 during trading on Friday, reaching $37.19. 5,074,715 shares of the company traded hands, compared to its average volume of 3,980,437. Newmont Mining Corp has a 12-month low of $30.40 and a 12-month high of $39.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.18 and a quick ratio of 3.58. The firm has a market cap of $19,728.12, a P/E ratio of 26.61 and a beta of 0.10.
Newmont Mining (NYSE:NEM) last posted its earnings results on Thursday, October 26th. The basic materials company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. Newmont Mining had a net margin of 1.18% and a return on equity of 6.20%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm earned $0.38 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. research analysts predict that Newmont Mining Corp will post 1.44 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 8th will be issued a $0.075 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.30 annualized dividend and a yield of 0.81%. Newmont Mining’s dividend payout ratio (DPR) is presently 200.00%.
In other Newmont Mining news, CEO Gary J. Goldberg sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $36.44, for a total value of $36,440.00. Following the completion of the transaction, the chief executive officer now owns 334,730 shares in the company, valued at $12,197,561.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Thomas Ronald Palmer sold 1,250 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $36.44, for a total transaction of $45,550.00. Following the completion of the transaction, the chief operating officer now owns 86,862 shares of the company’s stock, valued at approximately $3,165,251.28. The disclosure for this sale can be found here. Insiders sold a total of 25,450 shares of company stock valued at $955,253 in the last quarter. 0.32% of the stock is owned by insiders.
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Newmont Mining Profile
Newmont Mining Corporation is a mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Ghana and Suriname. The Company’s segments include North America, South America, Asia Pacific and Africa.
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