American Century Companies Inc. Has $45.28 Million Position in Newmont Mining Corp (NEM)

American Century Companies Inc. increased its stake in Newmont Mining Corp (NYSE:NEM) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,206,914 shares of the basic materials company’s stock after purchasing an additional 103,700 shares during the quarter. American Century Companies Inc. owned approximately 0.23% of Newmont Mining worth $45,283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of NEM. First Eagle Investment Management LLC increased its stake in Newmont Mining by 159.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 4,207,739 shares of the basic materials company’s stock worth $157,832,000 after purchasing an additional 2,584,318 shares in the last quarter. Global Thematic Partners LLC increased its stake in Newmont Mining by 44.2% in the 4th quarter. Global Thematic Partners LLC now owns 4,103,076 shares of the basic materials company’s stock worth $153,947,000 after purchasing an additional 1,258,566 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Newmont Mining in the 3rd quarter worth about $44,652,000. Bank of New York Mellon Corp increased its stake in Newmont Mining by 12.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 10,596,020 shares of the basic materials company’s stock worth $397,458,000 after purchasing an additional 1,150,995 shares in the last quarter. Finally, Carmignac Gestion increased its stake in Newmont Mining by 8.0% in the 3rd quarter. Carmignac Gestion now owns 15,346,347 shares of the basic materials company’s stock worth $575,641,000 after purchasing an additional 1,141,466 shares in the last quarter. 81.88% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Elaine J. Dorward-King sold 10,250 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $36.48, for a total value of $373,920.00. Following the completion of the sale, the executive vice president now directly owns 71,864 shares in the company, valued at approximately $2,621,598.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Thomas Ronald Palmer sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $40.23, for a total value of $50,287.50. Following the completion of the sale, the chief operating officer now owns 83,112 shares of the company’s stock, valued at $3,343,595.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,700 shares of company stock valued at $1,050,806. Corporate insiders own 0.32% of the company’s stock.

Several equities analysts have weighed in on NEM shares. Zacks Investment Research raised Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Wednesday, October 18th. Royal Bank of Canada reaffirmed a “hold” rating and set a $43.00 target price on shares of Newmont Mining in a research note on Tuesday, December 5th. FBR & Co set a $40.00 target price on Newmont Mining and gave the company a “hold” rating in a research note on Tuesday, October 31st. BMO Capital Markets reaffirmed a “buy” rating and set a $43.00 target price on shares of Newmont Mining in a research note on Wednesday, December 20th. Finally, Deutsche Bank cut Newmont Mining from a “buy” rating to a “hold” rating and lowered their target price for the company from $42.00 to $40.00 in a research note on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $41.80.

Shares of Newmont Mining Corp (NYSE:NEM) opened at $36.91 on Tuesday. Newmont Mining Corp has a 1-year low of $31.42 and a 1-year high of $42.04. 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 stock has a market capitalization of $19,690.00, a PE ratio of 52.73 and a beta of 0.24.

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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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Institutional Ownership by Quarter for Newmont Mining (NYSE:NEM)

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