Newmont Mining Corporation (NEM) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its stake in Newmont Mining Corporation (NYSE:NEM) by 54.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,000 shares of the basic materials company’s stock after selling 135,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Newmont Mining Corporation were worth $4,314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Korea Investment CORP lifted its holdings in shares of Newmont Mining Corporation by 94.0% during the 3rd quarter. Korea Investment CORP now owns 33,426 shares of the basic materials company’s stock worth $1,254,000 after acquiring an additional 16,200 shares during the period. Aperio Group LLC lifted its holdings in shares of Newmont Mining Corporation by 11.7% during the 3rd quarter. Aperio Group LLC now owns 304,368 shares of the basic materials company’s stock worth $11,417,000 after acquiring an additional 31,915 shares during the period. Saratoga Research & Investment Management bought a new position in shares of Newmont Mining Corporation during the 3rd quarter worth about $382,000. First Trust Advisors LP lifted its holdings in shares of Newmont Mining Corporation by 0.9% during the 3rd quarter. First Trust Advisors LP now owns 257,659 shares of the basic materials company’s stock worth $9,665,000 after acquiring an additional 2,277 shares during the period. Finally, Nippon Life Insurance Co. lifted its holdings in shares of Newmont Mining Corporation by 5.7% during the 3rd quarter. Nippon Life Insurance Co. now owns 26,452 shares of the basic materials company’s stock worth $992,000 after acquiring an additional 1,418 shares during the period. Institutional investors own 80.00% of the company’s stock.

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A number of equities analysts have recently commented on the stock. TheStreet raised shares of Newmont Mining Corporation from a “c+” rating to a “b” rating in a report on Wednesday, October 11th. Zacks Investment Research raised shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Wednesday, October 18th. Royal Bank Of Canada set a $41.00 price objective on shares of Newmont Mining Corporation and gave the stock a “hold” rating in a report on Monday, August 28th. TD Securities set a $42.00 price objective on shares of Newmont Mining Corporation and gave the stock a “hold” rating in a report on Thursday, October 19th. Finally, Argus raised shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $40.65.

In other news, COO Thomas Ronald Palmer sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were 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 approximately $3,290,983.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gary J. Goldberg sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $38.60, for a total transaction of $38,600.00. Following the sale, the insider now directly owns 334,730 shares of the company’s stock, valued at approximately $12,920,578. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,750 shares of company stock valued at $752,405. Company insiders own 0.32% of the company’s stock.

Newmont Mining Corporation (NYSE:NEM) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. Newmont Mining Corporation had a net margin of 1.18% and a return on equity of 6.20%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business earned $0.38 EPS. The company’s revenue was up 4.9% compared to the same quarter last year.

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

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.

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

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