Calamos Advisors LLC Lowers Holdings in Newmont Mining Corporation (NEM)

Calamos Advisors LLC decreased its position in Newmont Mining Corporation (NYSE:NEM) by 81.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 231,687 shares of the basic materials company’s stock after selling 1,033,564 shares during the period. Calamos Advisors LLC’s holdings in Newmont Mining Corporation were worth $8,691,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NEM. HighTower Advisors LLC grew its holdings in Newmont Mining Corporation by 36.8% in the first quarter. HighTower Advisors LLC now owns 21,526 shares of the basic materials company’s stock valued at $707,000 after purchasing an additional 5,791 shares during the last quarter. DnB Asset Management AS grew its holdings in Newmont Mining Corporation by 1.9% in the second quarter. DnB Asset Management AS now owns 65,727 shares of the basic materials company’s stock valued at $2,129,000 after purchasing an additional 1,200 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in Newmont Mining Corporation by 2.9% in the second quarter. Xact Kapitalforvaltning AB now owns 42,033 shares of the basic materials company’s stock valued at $1,361,000 after purchasing an additional 1,199 shares during the last quarter. Neville Rodie & Shaw Inc. grew its holdings in Newmont Mining Corporation by 2.1% in the second quarter. Neville Rodie & Shaw Inc. now owns 24,600 shares of the basic materials company’s stock valued at $797,000 after purchasing an additional 500 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Newmont Mining Corporation by 40.1% in the second quarter. Bank of Montreal Can now owns 2,780,786 shares of the basic materials company’s stock valued at $90,070,000 after purchasing an additional 795,742 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on the company. Royal Bank Of Canada set a $41.00 price objective on Newmont Mining Corporation and gave the company a “hold” rating in a research report on Monday, August 28th. Credit Suisse Group set a $45.00 price objective on Newmont Mining Corporation and gave the company a “buy” rating in a research report on Tuesday, July 18th. Jefferies Group LLC restated a “hold” rating and issued a $35.00 price objective (down from $37.00) on shares of Newmont Mining Corporation in a research report on Friday, July 14th. Zacks Investment Research upgraded Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Monday, July 31st. Finally, Scotiabank upped their price objective on Newmont Mining Corporation from $43.50 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Newmont Mining Corporation presently has a consensus rating of “Buy” and a consensus target price of $40.65.

Newmont Mining Corporation (NEM) traded down 0.66% during trading on Tuesday, reaching $35.99. The company had a trading volume of 457,813 shares. Newmont Mining Corporation has a 12 month low of $30.19 and a 12 month high of $39.62. The firm’s market capitalization is $19.19 billion. The stock has a 50 day moving average price of $37.74 and a 200 day moving average price of $35.44.

Newmont Mining Corporation (NYSE:NEM) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Newmont Mining Corporation had a return on equity of 6.20% and a net margin of 1.18%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 earnings per share. On average, equities research analysts predict that Newmont Mining Corporation will post $1.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 8th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.30 dividend on an annualized basis and a yield of 0.83%. Newmont Mining Corporation’s payout ratio is 200.00%.

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In related news, COO Thomas Ronald Palmer sold 1,250 shares of Newmont Mining Corporation stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $37.35, for a total transaction of $46,687.50. Following the completion of the sale, the chief operating officer now owns 88,112 shares of the company’s stock, valued at $3,290,983.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Elaine J. Dorward-King sold 10,250 shares of Newmont Mining Corporation stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $38.27, for a total value of $392,267.50. Following the sale, the executive vice president now directly owns 82,114 shares of the company’s stock, valued at approximately $3,142,502.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,750 shares of company stock valued at $752,405. Insiders own 0.32% of the company’s stock.

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

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