Newmont Mining Corporation (NYSE:NEM) EVP E Randall Engel sold 5,700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $36.44, for a total value of $207,708.00. Following the completion of the transaction, the executive vice president now owns 122,178 shares of the company’s stock, valued at $4,452,166.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Newmont Mining Corporation (NYSE NEM) traded up $0.35 during trading hours on Friday, reaching $36.04. The company had a trading volume of 2,934,262 shares, compared to its average volume of 4,301,272. The firm has a market capitalization of $19.46 billion, a price-to-earnings ratio of 26.25 and a beta of 0.11.
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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The business 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 firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. research analysts forecast that Newmont Mining Corporation will post 1.43 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.075 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.30 dividend on an annualized basis and a yield of 0.83%. Newmont Mining Corporation’s dividend payout ratio (DPR) is presently 200.00%.
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A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Newmont Mining Corporation by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 54,285,832 shares of the basic materials company’s stock worth $1,758,317,000 after acquiring an additional 1,360,916 shares during the period. Carmignac Gestion increased its stake in Newmont Mining Corporation by 4.9% during the 2nd quarter. Carmignac Gestion now owns 14,204,881 shares of the basic materials company’s stock worth $460,096,000 after acquiring an additional 659,183 shares during the period. Bank of New York Mellon Corp increased its stake in Newmont Mining Corporation by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,445,025 shares of the basic materials company’s stock worth $305,925,000 after acquiring an additional 309,739 shares during the period. APG Asset Management N.V. increased its stake in Newmont Mining Corporation by 6.4% during the 2nd quarter. APG Asset Management N.V. now owns 8,933,153 shares of the basic materials company’s stock worth $289,345,000 after acquiring an additional 534,550 shares during the period. Finally, Flossbach Von Storch AG increased its stake in Newmont Mining Corporation by 29.2% during the 2nd quarter. Flossbach Von Storch AG now owns 7,873,186 shares of the basic materials company’s stock worth $255,012,000 after acquiring an additional 1,780,593 shares during the period. Hedge funds and other institutional investors own 80.00% of the company’s stock.
NEM has been the subject of a number of analyst reports. Zacks Investment Research upgraded Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Wednesday, October 18th. Royal Bank Of Canada set a $41.00 price target on Newmont Mining Corporation and gave the company a “hold” rating in a research note on Monday, August 28th. TheStreet upgraded Newmont Mining Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, October 11th. Credit Suisse Group set a $45.00 price target on Newmont Mining Corporation and gave the company a “buy” rating in a research note on Tuesday, July 18th. Finally, TD Securities raised their price objective on Newmont Mining Corporation from $36.00 to $50.00 and gave the company a “hold” rating in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $40.65.
About Newmont Mining Corporation
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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