Gary J. Goldberg Sells 1,000 Shares of Newmont Mining Corp (NYSE:NEM) Stock

Newmont Mining Corp (NYSE:NEM) insider Gary J. Goldberg sold 1,000 shares of Newmont Mining stock in a transaction 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 sale, the insider now directly owns 156,096 shares of the company’s stock, valued at approximately $5,914,477.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Newmont Mining Corp (NYSE NEM) traded down $0.55 on Thursday, reaching $39.45. 5,215,700 shares of the company were exchanged, compared to its average volume of 4,607,427. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.58 and a current ratio of 4.18. The firm has a market cap of $21,060.00, a price-to-earnings ratio of 56.36 and a beta of 0.10. Newmont Mining Corp has a twelve month low of $31.42 and a twelve month high of $40.25.

Newmont Mining (NYSE:NEM) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.86 billion. Newmont Mining had a net margin of 1.18% and a return on equity of 6.20%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS. analysts anticipate that Newmont Mining Corp will post 1.46 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 8th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, December 7th. Newmont Mining’s dividend payout ratio (DPR) is presently 42.86%.

A number of analysts have commented on NEM shares. TheStreet lowered shares of Newmont Mining from a “b-” rating to a “c” rating in a report on Friday, November 17th. Zacks Investment Research raised shares of Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, October 18th. TD Securities set a $42.00 price target on shares of Newmont Mining and gave the stock a “hold” rating in a research report on Thursday, October 19th. BMO Capital Markets reissued a “buy” rating and set a $43.00 price target on shares of Newmont Mining in a research report on Wednesday, December 20th. Finally, Deutsche Bank cut shares of Newmont Mining from a “buy” rating to a “hold” rating and cut their price objective for the company from $42.00 to $40.00 in a research report on Tuesday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Newmont Mining currently has a consensus rating of “Buy” and an average target price of $41.95.

Institutional investors have recently modified their holdings of the company. Sun Life Financial INC lifted its holdings in shares of Newmont Mining by 43,144.4% during the 2nd quarter. Sun Life Financial INC now owns 3,892 shares of the basic materials company’s stock worth $126,000 after acquiring an additional 3,883 shares during the period. Parametrica Management Ltd bought a new stake in shares of Newmont Mining during the 3rd quarter worth approximately $222,000. Timber Hill LLC bought a new stake in shares of Newmont Mining during the 3rd quarter worth approximately $260,000. Veritable L.P. lifted its holdings in shares of Newmont Mining by 4.6% during the 2nd quarter. Veritable L.P. now owns 8,473 shares of the basic materials company’s stock worth $274,000 after acquiring an additional 370 shares during the period. Finally, First Allied Advisory Services Inc. bought a new stake in shares of Newmont Mining during the 3rd quarter worth approximately $354,000. 81.86% of the stock is owned by institutional investors.

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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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