Newmont Mining Corp (NEM) Insider Sells $39,387.50 in Stock

Newmont Mining Corp (NYSE:NEM) insider Thomas Ronald Palmer sold 1,250 shares of the stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $31.51, for a total value of $39,387.50. Following the completion of the transaction, the insider now directly owns 130,360 shares of the company’s stock, valued at $4,107,643.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Thomas Ronald Palmer also recently made the following trade(s):

  • On Monday, October 1st, Thomas Ronald Palmer sold 1,250 shares of Newmont Mining stock. The shares were sold at an average price of $30.20, for a total value of $37,750.00.
  • On Tuesday, September 4th, Thomas Ronald Palmer sold 1,250 shares of Newmont Mining stock. The shares were sold at an average price of $30.53, for a total value of $38,162.50.

Shares of NEM traded up $0.36 during midday trading on Friday, reaching $32.42. The company had a trading volume of 5,260,770 shares, compared to its average volume of 5,281,169. Newmont Mining Corp has a 1-year low of $29.06 and a 1-year high of $42.04. The company has a market capitalization of $16.51 billion, a PE ratio of 22.21 and a beta of 0.24. The company has a quick ratio of 4.02, a current ratio of 4.70 and a debt-to-equity ratio of 0.36.

Newmont Mining (NYSE:NEM) last issued its earnings results on Thursday, October 25th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. Newmont Mining had a positive return on equity of 6.19% and a negative net margin of 2.63%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.80 billion. As a group, equities analysts anticipate that Newmont Mining Corp will post 1.18 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 6th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Wednesday, December 5th. Newmont Mining’s dividend payout ratio is presently 38.36%.

Several research firms recently commented on NEM. Raymond James reduced their price objective on Newmont Mining from $45.00 to $44.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. Canaccord Genuity reaffirmed a “hold” rating and issued a $37.00 target price on shares of Newmont Mining in a research note on Monday, October 22nd. TD Securities raised their target price on Newmont Mining from $37.00 to $38.00 and gave the stock a “hold” rating in a research note on Thursday. Deutsche Bank set a $37.00 target price on Newmont Mining and gave the stock a “hold” rating in a research note on Tuesday, October 2nd. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $46.00 target price on shares of Newmont Mining in a research note on Friday, September 21st. Two 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 company currently has a consensus rating of “Hold” and a consensus price target of $40.64.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flossbach Von Storch AG grew its holdings in shares of Newmont Mining by 2.6% during the 2nd quarter. Flossbach Von Storch AG now owns 10,189,687 shares of the basic materials company’s stock worth $384,253,000 after purchasing an additional 258,789 shares during the period. Northern Trust Corp grew its holdings in shares of Newmont Mining by 5.6% during the 2nd quarter. Northern Trust Corp now owns 8,472,011 shares of the basic materials company’s stock worth $319,480,000 after purchasing an additional 448,415 shares during the period. FMR LLC grew its holdings in shares of Newmont Mining by 54.1% during the 2nd quarter. FMR LLC now owns 7,404,467 shares of the basic materials company’s stock worth $279,222,000 after purchasing an additional 2,598,995 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Newmont Mining by 12.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,089,539 shares of the basic materials company’s stock worth $191,885,000 after purchasing an additional 583,232 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of Newmont Mining by 6.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,598,606 shares of the basic materials company’s stock worth $135,716,000 after purchasing an additional 228,782 shares during the period. Institutional investors and hedge funds own 82.88% of the company’s stock.

Newmont Mining Company Profile

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.

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

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