Hexavest Inc. raised its holdings in Newmont Mining Corp (NYSE:NEM) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 355,204 shares of the basic materials company’s stock after acquiring an additional 5,939 shares during the quarter. Hexavest Inc. owned about 0.07% of Newmont Mining worth $13,327,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Sun Life Financial INC raised its holdings in Newmont Mining by 43,144.4% in the second quarter. Sun Life Financial INC now owns 3,892 shares of the basic materials company’s stock worth $126,000 after purchasing an additional 3,883 shares during the period. Tiedemann Wealth Management LLC raised its holdings in Newmont Mining by 66.5% in the third quarter. Tiedemann Wealth Management LLC now owns 14,862 shares of the basic materials company’s stock worth $170,000 after purchasing an additional 5,938 shares during the period. Parametrica Management Ltd acquired a new stake in Newmont Mining in the third quarter worth $222,000. Timber Hill LLC acquired a new stake in Newmont Mining in the third quarter worth $260,000. Finally, Veritable L.P. raised its holdings in Newmont Mining by 4.6% in the second quarter. Veritable L.P. now owns 8,473 shares of the basic materials company’s stock worth $274,000 after purchasing an additional 370 shares during the period. 81.86% of the stock is currently owned by hedge funds and other institutional investors.
NEM has been the topic of several analyst reports. TheStreet upgraded shares of Newmont Mining from a “c+” rating to a “b” rating in a 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 target price on the stock in a report on Wednesday, October 18th. TD Securities set a $42.00 target price on shares of Newmont Mining and gave the stock a “hold” rating in a report on Thursday, October 19th. FBR & Co set a $40.00 target price on shares of Newmont Mining and gave the stock a “hold” rating in a report on Tuesday, October 31st. Finally, B. Riley reiterated a “neutral” rating on shares of Newmont Mining in a report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $42.64.
In related news, COO Thomas Ronald Palmer sold 1,250 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $37.89, for a total value of $47,362.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 transaction of $36,440.00. Following the completion of the transaction, the chief executive officer now directly owns 334,730 shares of the company’s stock, valued at approximately $12,197,561.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,700 shares of company stock worth $1,020,676. 0.32% of the stock is currently owned by company insiders.
Shares of Newmont Mining Corp (NEM) opened at $39.79 on Friday. Newmont Mining Corp has a twelve month low of $31.42 and a twelve month high of $39.84. The company has a current ratio of 4.18, a quick ratio of 3.58 and a debt-to-equity ratio of 0.33. The company has a market cap of $21,220.00, a price-to-earnings ratio of 56.84 and a beta of 0.10.
Newmont Mining (NYSE:NEM) last issued its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Newmont Mining had a net margin of 1.18% and a return on equity of 6.20%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the business posted $0.38 earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. analysts predict that Newmont Mining Corp will post 1.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Friday, December 8th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.75%. Newmont Mining’s payout ratio is 42.86%.
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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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