Newmont Mining Corp (NEM) COO Thomas Ronald Palmer Sells 1,250 Shares

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.

Insider Buying and Selling by Quarter for Newmont Mining (NYSE:NEM)

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