TCW Group Inc. Invests $1.21 Million in Newmont Mining Corp (NEM)

TCW Group Inc. purchased a new position in Newmont Mining Corp (NYSE:NEM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 32,118 shares of the basic materials company’s stock, valued at approximately $1,205,000.

Several other large investors also recently modified their holdings of the stock. Wealthfront Inc. increased its stake in shares of Newmont Mining by 113.4% in the fourth quarter. Wealthfront Inc. now owns 35,599 shares of the basic materials company’s stock worth $1,336,000 after buying an additional 18,914 shares during the last quarter. Systematic Financial Management LP increased its stake in Newmont Mining by 10.6% during the fourth quarter. Systematic Financial Management LP now owns 441,160 shares of the basic materials company’s stock valued at $16,552,000 after purchasing an additional 42,442 shares during the last quarter. Afam Capital Inc. increased its stake in Newmont Mining by 1.9% during the fourth quarter. Afam Capital Inc. now owns 75,804 shares of the basic materials company’s stock valued at $2,844,000 after purchasing an additional 1,409 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Newmont Mining by 143.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 24,253 shares of the basic materials company’s stock valued at $910,000 after purchasing an additional 14,307 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Newmont Mining by 23.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 2,529,812 shares of the basic materials company’s stock valued at $94,919,000 after purchasing an additional 479,574 shares during the last quarter. Institutional investors and hedge funds own 82.30% of the company’s stock.

In other news, EVP E Randall Engel sold 5,700 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $40.23, for a total transaction of $229,311.00. Following the completion of the transaction, the executive vice president now owns 239,700 shares of the company’s stock, valued at $9,643,131. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Thomas Ronald Palmer sold 1,250 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $36.98, for a total transaction of $46,225.00. Following the transaction, the chief operating officer now directly owns 85,612 shares of the company’s stock, valued at approximately $3,165,931.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,700 shares of company stock valued at $1,050,806. Corporate insiders own 0.32% of the company’s stock.

Several analysts have weighed in on NEM shares. FBR & Co set a $40.00 target price on shares of Newmont Mining and gave the company a “hold” rating in a research note on Tuesday, October 31st. B. Riley reiterated a “neutral” rating on shares of Newmont Mining in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of Newmont Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. BMO Capital Markets set a $45.00 target price on shares of Newmont Mining and gave the company a “buy” rating in a research note on Tuesday, November 14th. Finally, TheStreet lowered shares of Newmont Mining from a “b-” rating to a “c” rating in a research note on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.80.

Newmont Mining Corp (NYSE:NEM) opened at $37.84 on Friday. Newmont Mining Corp has a 1-year low of $31.42 and a 1-year high of $42.04. The stock has a market cap of $20,352.12, a price-to-earnings ratio of 250.87 and a beta of 0.24. The company has a current ratio of 4.18, a quick ratio of 3.58 and a debt-to-equity ratio of 0.33.

Newmont Mining (NYSE:NEM) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. Newmont Mining had a net margin of 1.18% and a return on equity of 6.20%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. sell-side analysts expect that Newmont Mining Corp will post 1.5 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th will be issued a dividend of $0.14 per share. This is an increase from Newmont Mining’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $0.56 annualized dividend and a dividend yield of 1.48%. Newmont Mining’s payout ratio is 200.00%.

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

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