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.
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