Newmont Mining Corp (NYSE:NEM) insider Gary J. Goldberg sold 1,000 shares of Newmont Mining stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $37.89, for a total transaction of $37,890.00. Following the completion of the transaction, the insider now owns 156,096 shares in the company, valued at approximately $5,914,477.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Newmont Mining Corp (NYSE:NEM) traded up $0.23 during mid-day trading on Wednesday, hitting $38.34. 3,540,000 shares of the company traded hands, compared to its average volume of 4,890,000. 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 Corp has a 1-year low of $31.42 and a 1-year high of $39.62. The firm has a market cap of $20,450.00, a price-to-earnings ratio of 54.77 and a beta of 0.10.
Newmont Mining (NYSE:NEM) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.86 billion. Newmont Mining had a net margin of 1.18% and a return on equity of 6.20%. Newmont Mining’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 EPS. sell-side analysts anticipate that Newmont Mining Corp will post 1.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 8th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, December 7th. Newmont Mining’s dividend payout ratio is 42.86%.
Several research analysts have issued reports on NEM shares. TheStreet upgraded shares of Newmont Mining from a “c+” rating to a “b” rating in a research report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Wednesday, October 18th. TD Securities set a $42.00 price objective on shares of Newmont Mining and gave the stock a “hold” rating in a research report on Thursday, October 19th. FBR & Co set a $40.00 price objective on shares of Newmont Mining and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Finally, B. Riley reiterated a “neutral” rating on shares of Newmont Mining in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $42.64.
A number of institutional investors have recently added to or reduced their stakes in NEM. Janus Henderson Group PLC lifted its position in Newmont Mining by 7,145.7% during the 2nd quarter. Janus Henderson Group PLC now owns 5,273,545 shares of the basic materials company’s stock worth $170,812,000 after acquiring an additional 5,200,763 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Newmont Mining by 159.2% during the third quarter. First Eagle Investment Management LLC now owns 4,207,739 shares of the basic materials company’s stock valued at $157,832,000 after buying an additional 2,584,318 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Newmont Mining by 2.6% during the second quarter. Vanguard Group Inc. now owns 54,285,832 shares of the basic materials company’s stock valued at $1,758,317,000 after buying an additional 1,360,916 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Newmont Mining during the third quarter valued at about $44,652,000. Finally, Bank of New York Mellon Corp raised its position in shares of Newmont Mining by 12.2% during the third quarter. Bank of New York Mellon Corp now owns 10,596,020 shares of the basic materials company’s stock valued at $397,458,000 after buying an additional 1,150,995 shares during the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.
WARNING: This news story was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another site, it was illegally copied and reposted in violation of US & international copyright and trademark law. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2018/01/10/insider-selling-newmont-mining-corp-nem-insider-sells-1000-shares-of-stock.html.
Newmont Mining Company 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.
Receive News & Ratings for Newmont Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont Mining and related companies with MarketBeat.com's FREE daily email newsletter.