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.
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