Macquarie Group Ltd. Has $1.07 Million Position in Newmont Mining Co. (NEM)

Macquarie Group Ltd. raised its holdings in Newmont Mining Co. (NYSE:NEM) by 693.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,700 shares of the basic materials company’s stock after acquiring an additional 11,100 shares during the period. Macquarie Group Ltd.’s holdings in Newmont Mining were worth $1,073,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Public Employees Retirement System of Ohio grew its stake in Newmont Mining by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 231,662 shares of the basic materials company’s stock valued at $8,690,000 after acquiring an additional 1,389 shares during the period. Afam Capital Inc. grew its stake in Newmont Mining by 1.9% in the fourth quarter. Afam Capital Inc. now owns 75,804 shares of the basic materials company’s stock valued at $2,844,000 after acquiring an additional 1,409 shares during the period. New Mexico Educational Retirement Board grew its stake in Newmont Mining by 3.4% in the fourth quarter. New Mexico Educational Retirement Board now owns 51,280 shares of the basic materials company’s stock valued at $1,924,000 after acquiring an additional 1,700 shares during the period. CIBC World Markets Inc. grew its stake in Newmont Mining by 19.6% in the fourth quarter. CIBC World Markets Inc. now owns 11,819 shares of the basic materials company’s stock valued at $443,000 after acquiring an additional 1,934 shares during the period. Finally, Point View Wealth Management Inc. grew its stake in Newmont Mining by 25.8% in the fourth quarter. Point View Wealth Management Inc. now owns 10,039 shares of the basic materials company’s stock valued at $377,000 after acquiring an additional 2,062 shares during the period. 82.28% of the stock is owned by hedge funds and other institutional investors.

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In related news, COO Thomas Ronald Palmer sold 1,250 shares of the company’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $39.44, for a total transaction of $49,300.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP E Randall Engel sold 5,700 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $40.23, for a total value of $229,311.00. Following the sale, the executive vice president now owns 239,700 shares in the company, valued at approximately $9,643,131. The disclosure for this sale can be found here. Insiders have sold 23,450 shares of company stock worth $919,544 in the last quarter. 0.36% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on the company. Royal Bank of Canada reissued a “sell” rating and issued a $44.00 target price on shares of Newmont Mining in a research note on Wednesday. BMO Capital Markets set a $46.00 target price on Newmont Mining and gave the company a “buy” rating in a research note on Wednesday, March 28th. TheStreet cut Newmont Mining from a “b-” rating to a “c+” rating in a research note on Monday, March 12th. Scotiabank reissued a “buy” rating and issued a $49.00 target price on shares of Newmont Mining in a research note on Thursday, March 1st. Finally, ValuEngine upgraded Newmont Mining from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Newmont Mining has an average rating of “Hold” and a consensus target price of $42.86.

Shares of Newmont Mining stock opened at $39.29 on Friday. The stock has a market capitalization of $20,800.18, a PE ratio of 26.91 and a beta of 0.25. Newmont Mining Co. has a one year low of $31.42 and a one year high of $42.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.14 and a current ratio of 3.63.

Newmont Mining (NYSE:NEM) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. Newmont Mining had a positive return on equity of 6.52% and a negative net margin of 1.33%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. analysts predict that Newmont Mining Co. will post 1.43 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 8th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.43%. The ex-dividend date was Wednesday, March 7th. This is a positive change from Newmont Mining’s previous quarterly dividend of $0.08. Newmont Mining’s dividend payout ratio is presently 38.36%.

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About Newmont Mining

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold, copper, and silver. Its operations and/or assets are located in the United States, Australia, Peru, Ghana, and Suriname. As of February 22, 2018, the company had proven and probable gold reserves of 68.5 million ounces and an aggregate land position of approximately 23,000 square miles.

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

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