Insider Selling: Newmont Mining Corp (NYSE:NEM) EVP Sells 10,250 Shares of Stock

Newmont Mining Corp (NYSE:NEM) EVP Elaine J. Dorward-King sold 10,250 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $36.48, for a total transaction of $373,920.00. Following the completion of the sale, the executive vice president now owns 71,864 shares in the company, valued at approximately $2,621,598.72. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Newmont Mining Corp (NYSE:NEM) opened at $39.79 on Friday. Newmont Mining Corp has a one year low of $31.42 and a one year high of $39.84. The company has a market cap of $21,221.44, a P/E ratio of 265.27 and a beta of 0.09. The company has a current ratio of 4.18, a quick ratio of 3.58 and a debt-to-equity ratio of 0.33.

Newmont Mining (NYSE:NEM) last released its earnings results on Thursday, October 26th. The basic materials company reported $0.35 EPS for the quarter, beating the 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 business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. equities analysts predict that Newmont Mining Corp will post 1.44 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Friday, December 8th were given a $0.075 dividend. The ex-dividend date was Thursday, December 7th. This represents a $0.30 annualized dividend and a dividend yield of 0.75%. Newmont Mining’s dividend payout ratio (DPR) is presently 200.00%.

Several research firms recently weighed in on NEM. B. Riley reiterated a “neutral” rating on shares of Newmont Mining in a research note on Wednesday, November 1st. TheStreet cut shares of Newmont Mining from a “b-” rating to a “c” rating in a research report on Friday, November 17th. TD Securities set a $42.00 target price on shares of Newmont Mining and gave the stock a “hold” rating in a research report on Thursday, October 19th. BMO Capital Markets restated a “buy” rating and issued a $43.00 target price on shares of Newmont Mining in a research report on Wednesday, December 20th. Finally, FBR & Co set a $40.00 target price on shares of Newmont Mining and gave the stock a “hold” rating in a research report on Tuesday, October 31st. 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 issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $42.64.

Several large investors have recently modified their holdings of NEM. Sun Life Financial INC lifted its position in shares of Newmont Mining by 43,144.4% in the 2nd quarter. Sun Life Financial INC now owns 3,892 shares of the basic materials company’s stock valued at $126,000 after acquiring an additional 3,883 shares in the last quarter. Tiedemann Wealth Management LLC lifted its position in shares of Newmont Mining by 66.5% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 14,862 shares of the basic materials company’s stock valued at $170,000 after acquiring an additional 5,938 shares in the last quarter. Parametrica Management Ltd purchased a new stake in shares of Newmont Mining in the 3rd quarter valued at approximately $222,000. Timber Hill LLC purchased a new stake in shares of Newmont Mining in the 3rd quarter valued at approximately $260,000. Finally, Veritable L.P. lifted its position in shares of Newmont Mining by 4.6% in the 2nd quarter. Veritable L.P. now owns 8,473 shares of the basic materials company’s stock valued at $274,000 after acquiring an additional 370 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

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About Newmont Mining

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.

Insider Buying and Selling by Quarter for Newmont Mining (NYSE:NEM)

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