Tredje AP fonden acquired a new stake in shares of Newmont Mining Corp (NYSE:NEM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,680 shares of the basic materials company’s stock, valued at approximately $626,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Suntrust Banks Inc. increased its holdings in shares of Newmont Mining by 0.5% during the second quarter. Suntrust Banks Inc. now owns 65,794 shares of the basic materials company’s stock valued at $2,130,000 after acquiring an additional 331 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Newmont Mining by 0.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 50,318 shares of the basic materials company’s stock worth $1,630,000 after buying an additional 353 shares during the period. Veritable L.P. increased its holdings in Newmont Mining by 4.6% in the 2nd quarter. Veritable L.P. now owns 8,473 shares of the basic materials company’s stock worth $274,000 after buying an additional 370 shares during the period. Afam Capital Inc. increased its holdings in Newmont Mining by 0.6% in the 2nd quarter. Afam Capital Inc. now owns 71,692 shares of the basic materials company’s stock worth $2,322,000 after buying an additional 419 shares during the period. Finally, Sentry Investment Management LLC increased its holdings in Newmont Mining by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 41,329 shares of the basic materials company’s stock worth $1,339,000 after buying an additional 428 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.
Newmont Mining Corp (NYSE NEM) opened at $35.40 on Friday. Newmont Mining Corp has a 52-week low of $30.40 and a 52-week high of $39.63. The stock has a market capitalization of $18,880.10, a P/E ratio of 25.47 and a beta of 0.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.58 and a current ratio of 4.18.
Newmont Mining (NYSE:NEM) last announced its earnings results on Thursday, October 26th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Newmont Mining had a return on equity of 6.20% and a net margin of 1.18%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $0.38 EPS. The business’s revenue was up 4.9% on a year-over-year basis. analysts expect that Newmont Mining Corp will post 1.44 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 8th will be given a dividend of $0.075 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.85%. Newmont Mining’s dividend payout ratio (DPR) is 200.00%.
Several equities analysts recently weighed in on NEM shares. TheStreet upgraded shares of Newmont Mining from a “c+” rating to a “b” rating in a report on Wednesday, October 11th. BMO Capital Markets set a $45.00 price target on shares of Newmont Mining and gave the stock a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research upgraded shares of Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, October 18th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $43.00 price objective on shares of Newmont Mining in a research note on Tuesday, December 5th. Finally, FBR & Co set a $40.00 price objective on shares of Newmont Mining and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Newmont Mining presently has a consensus rating of “Buy” and a consensus target price of $42.74.
In other Newmont Mining news, EVP Scott P. Lawson sold 5,000 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $37.85, for a total value of $189,250.00. Following the transaction, the executive vice president now owns 51,696 shares in the company, valued at approximately $1,956,693.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary J. Goldberg sold 1,000 shares of the firm’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 approximately $12,197,561.20. The disclosure for this sale can be found here. Insiders sold a total of 27,700 shares of company stock worth $1,038,458 in the last 90 days. 0.32% of the stock is currently 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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