Nomura Asset Management Co. Ltd. raised its stake in shares of Newmont Mining Corporation (NYSE:NEM) by 169.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,940 shares of the company’s stock after buying an additional 120,670 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Newmont Mining Corporation were worth $7,541,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Newmont Mining Corporation by 2.8% in the second quarter. Vanguard Group Inc. now owns 48,215,985 shares of the company’s stock worth $1,886,209,000 after buying an additional 1,294,310 shares in the last quarter. Van ECK Associates Corp increased its stake in Newmont Mining Corporation by 42.4% in the second quarter. Van ECK Associates Corp now owns 27,440,471 shares of the company’s stock worth $1,073,471,000 after buying an additional 8,174,021 shares in the last quarter. BlackRock Group LTD increased its stake in Newmont Mining Corporation by 24.5% in the second quarter. BlackRock Group LTD now owns 26,495,175 shares of the company’s stock worth $1,036,490,000 after buying an additional 5,210,011 shares in the last quarter. Carmignac Gestion increased its stake in Newmont Mining Corporation by 3.0% in the third quarter. Carmignac Gestion now owns 13,476,198 shares of the company’s stock worth $529,480,000 after buying an additional 396,300 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Newmont Mining Corporation by 2.2% in the third quarter. Northern Trust Corp now owns 7,559,089 shares of the company’s stock worth $296,997,000 after buying an additional 162,388 shares in the last quarter. 79.58% of the stock is currently owned by hedge funds and other institutional investors.
Newmont Mining Corporation (NYSE:NEM) traded down 2.59% during trading on Wednesday, hitting $34.17. The company had a trading volume of 4,216,247 shares. The stock’s market capitalization is $18.14 billion. Newmont Mining Corporation has a one year low of $16.05 and a one year high of $46.07. The stock has a 50-day moving average of $33.18 and a 200-day moving average of $37.73.
Newmont Mining Corporation (NYSE:NEM) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.12. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.02 billion. Newmont Mining Corporation had a positive return on equity of 4.94% and a negative net margin of 6.99%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 EPS. On average, equities analysts anticipate that Newmont Mining Corporation will post $1.58 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 29th. Shareholders of record on Thursday, December 8th were paid a $0.05 dividend. This is an increase from Newmont Mining Corporation’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 6th. This represents a $0.20 annualized dividend and a dividend yield of 0.57%. Newmont Mining Corporation’s dividend payout ratio (DPR) is currently -19.42%.
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A number of research firms have recently commented on NEM. Zacks Investment Research downgraded Newmont Mining Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Scotiabank lowered Newmont Mining Corporation from an “outperform” rating to a “sector perform” rating in a research report on Tuesday. Vetr lowered Newmont Mining Corporation from a “strong-buy” rating to a “buy” rating and set a $33.23 target price on the stock. in a research report on Monday, December 19th. Credit Suisse Group reaffirmed a “buy” rating on shares of Newmont Mining Corporation in a research report on Monday, September 19th. Finally, FBR & Co cut their target price on Newmont Mining Corporation from $40.00 to $39.00 and set a “market perform” rating on the stock in a research report on Thursday, November 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $38.89.
In other news, EVP Scott P. Lawson sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $35.99, for a total value of $53,985.00. Following the completion of the transaction, the executive vice president now owns 44,795 shares in the company, valued at approximately $1,612,172.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William N. Macgowan sold 2,006 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $37.53, for a total value of $75,285.18. Following the completion of the transaction, the executive vice president now owns 96,773 shares of the company’s stock, valued at approximately $3,631,890.69. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.
Newmont Mining Corporation Company Profile
Newmont Mining Corporation is a global 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, Indonesia, Ghana and Suriname. Its segments are North America, South America, Asia Pacific and Africa.
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