AMP Capital Investors Ltd lessened its holdings in shares of Newmont Mining Corp (NYSE:NEM) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 204,582 shares of the basic materials company’s stock after selling 22,340 shares during the period. AMP Capital Investors Ltd’s holdings in Newmont Mining were worth $7,677,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Newmont Mining by 6.1% during the fourth quarter. BlackRock Inc. now owns 77,637,045 shares of the basic materials company’s stock worth $2,912,946,000 after purchasing an additional 4,440,876 shares during the period. Carmignac Gestion lifted its holdings in Newmont Mining by 8.0% in 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 period. Flossbach Von Storch AG lifted its holdings in Newmont Mining by 5.3% in the fourth quarter. Flossbach Von Storch AG now owns 8,500,271 shares of the basic materials company’s stock valued at $318,930,000 after buying an additional 428,150 shares during the period. Geode Capital Management LLC lifted its holdings in Newmont Mining by 6.9% in the fourth quarter. Geode Capital Management LLC now owns 6,378,102 shares of the basic materials company’s stock valued at $238,856,000 after buying an additional 410,435 shares during the period. Finally, Swiss National Bank lifted its holdings in Newmont Mining by 0.6% in the fourth quarter. Swiss National Bank now owns 4,751,032 shares of the basic materials company’s stock valued at $178,259,000 after buying an additional 27,900 shares during the period. Institutional investors own 82.31% of the company’s stock.
In other Newmont Mining news, EVP Scott P. Lawson sold 5,000 shares of Newmont Mining stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $37.72, for a total value of $188,600.00. Following the completion of the sale, the executive vice president now directly owns 46,696 shares of the company’s stock, valued at $1,761,373.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Thomas Ronald Palmer sold 1,250 shares of Newmont Mining stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $37.89, for a total transaction of $47,362.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,700 shares of company stock valued at $1,242,786. Insiders own 0.32% of the company’s stock.
Shares of Newmont Mining Corp (NEM) opened at $37.39 on Friday. Newmont Mining Corp has a 52 week low of $31.42 and a 52 week high of $42.04. The company has a quick ratio of 3.14, a current ratio of 3.63 and a debt-to-equity ratio of 0.35. The firm has a market cap of $20,373.40, a price-to-earnings ratio of -207.71 and a beta of 0.29.
Newmont Mining (NYSE:NEM) last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. Newmont Mining had a negative net margin of 1.33% and a positive return on equity of 6.52%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. equities research analysts predict that Newmont Mining Corp will post 1.43 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be paid a $0.14 dividend. This is an increase from Newmont Mining’s previous quarterly dividend of $0.08. This represents a $0.56 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, March 7th. Newmont Mining’s payout ratio is -311.09%.
Several equities analysts recently issued reports on the stock. TheStreet lowered shares of Newmont Mining from a “b-” rating to a “c+” rating in a report on Monday, March 12th. Royal Bank of Canada lowered shares of Newmont Mining from a “sector perform” rating to an “underperform” rating and boosted their target price for the company from $37.71 to $43.00 in a report on Monday, March 12th. They noted that the move was a valuation call. Scotiabank restated a “buy” rating and issued a $49.00 target price on shares of Newmont Mining in a report on Thursday, March 1st. ValuEngine upgraded shares of Newmont Mining from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Citigroup boosted their target price on shares of Newmont Mining from $37.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, March 1st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $42.57.
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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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