Newmont Mining Corp (NYSE:NEM) COO Thomas Ronald Palmer sold 1,250 shares of Newmont Mining 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 $50,287.50. Following the sale, the chief operating officer now directly owns 83,112 shares of the company’s stock, valued at approximately $3,343,595.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Thomas Ronald Palmer also recently made the following trade(s):
- On Tuesday, January 2nd, Thomas Ronald Palmer sold 1,250 shares of Newmont Mining stock. The stock was sold at an average price of $37.89, for a total transaction of $47,362.50.
- On Friday, December 1st, Thomas Ronald Palmer sold 1,250 shares of Newmont Mining stock. The stock was sold at an average price of $36.98, for a total transaction of $46,225.00.
Newmont Mining Corp (NEM) traded up $1.46 during mid-day trading on Wednesday, reaching $38.48. 3,346,435 shares of the company’s stock were exchanged, compared to its average volume of 5,597,355. The firm has a market cap of $20,390.00, a P/E ratio of 54.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.58 and a current ratio of 4.18. Newmont Mining Corp has a 12 month low of $31.42 and a 12 month high of $42.04.
Hedge funds have recently added to or reduced their stakes in the business. Tiedemann Wealth Management LLC grew its stake 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 buying an additional 5,938 shares during the period. Exane Derivatives purchased a new stake in shares of Newmont Mining in the 4th quarter valued at approximately $208,000. Parametrica Management Ltd purchased a new stake in shares of Newmont Mining in the 3rd quarter valued at approximately $222,000. Brown Advisory Inc. purchased a new stake in shares of Newmont Mining in the 4th quarter valued at approximately $228,000. Finally, Tower Bridge Advisors purchased a new stake in shares of Newmont Mining in the 4th quarter valued at approximately $242,000. Institutional investors own 81.88% of the company’s stock.
NEM has been the topic of several analyst reports. B. Riley reaffirmed a “neutral” rating on shares of Newmont Mining in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, October 18th. TheStreet lowered shares of Newmont Mining from a “b-” rating to a “c” rating in a report on Friday, November 17th. BMO Capital Markets set a $45.00 price target on shares of Newmont Mining and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, TD Securities set a $42.00 price target on shares of Newmont Mining and gave the company a “hold” rating in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Newmont Mining has a consensus rating of “Hold” and an average price target of $41.80.
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Newmont Mining Company 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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