Meag Munich Ergo Kapitalanlagegesellschaft MBH Has $2.96 Million Stake in Newmont Mining Corp (NYSE:NEM)

Meag Munich Ergo Kapitalanlagegesellschaft MBH trimmed its position in shares of Newmont Mining Corp (NYSE:NEM) by 79.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 78,501 shares of the basic materials company’s stock after selling 303,980 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Newmont Mining were worth $2,962,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NEM. Janus Henderson Group PLC lifted its position in shares of Newmont Mining by 7,145.7% during the second quarter. Janus Henderson Group PLC now owns 5,273,545 shares of the basic materials company’s stock valued at $170,812,000 after buying an additional 5,200,763 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of Newmont Mining by 159.2% during the third quarter. First Eagle Investment Management LLC now owns 4,207,739 shares of the basic materials company’s stock valued at $157,832,000 after buying an additional 2,584,318 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Newmont Mining during the third quarter valued at about $44,652,000. Bank of New York Mellon Corp lifted its position in shares of Newmont Mining by 12.2% during the third quarter. Bank of New York Mellon Corp now owns 10,596,020 shares of the basic materials company’s stock valued at $397,458,000 after buying an additional 1,150,995 shares during the last quarter. Finally, Carmignac Gestion lifted its position in shares of Newmont Mining by 8.0% during the third quarter. Carmignac Gestion now owns 15,346,347 shares of the basic materials company’s stock valued at $575,641,000 after buying an additional 1,141,466 shares during the last quarter. 81.88% of the stock is owned by institutional investors and hedge funds.

In other Newmont Mining news, insider Gary J. Goldberg sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $40.23, for a total transaction of $40,230.00. Following the completion of the transaction, the insider now directly owns 156,096 shares of the company’s stock, valued at approximately $6,279,742.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP E Randall Engel sold 5,700 shares of the firm’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 transaction of $229,311.00. Following the transaction, the executive vice president now directly owns 239,700 shares of the company’s stock, valued at $9,643,131. The disclosure for this sale can be found here. Insiders have sold a total of 27,700 shares of company stock valued at $1,050,806 over the last three months. 0.32% of the stock is currently owned by insiders.

Newmont Mining Corp (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 cap of $19,690.00, a P/E ratio of 52.73 and a beta of 0.24.

Several equities analysts recently commented on NEM shares. Deutsche Bank lowered shares of Newmont Mining from a “buy” rating to a “hold” rating and decreased their price objective for the company from $42.00 to $40.00 in a research report on Tuesday, January 16th. Scotiabank set a $48.00 price objective on shares of Newmont Mining and gave the company a “buy” rating in a research report on Monday, January 15th. Zacks Investment Research lowered shares of Newmont Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 19th. TD Securities set a $42.00 price objective on shares of Newmont Mining and gave the company a “hold” rating in a research report on Thursday, October 19th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Newmont Mining in a research report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $41.80.

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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.

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

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