Parametrica Management Ltd bought a new stake in Newmont Mining Corporation (NYSE:NEM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,931 shares of the basic materials company’s stock, valued at approximately $222,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deane Retirement Strategies Inc. purchased a new position in Newmont Mining Corporation in the third quarter valued at about $1,513,000. MUFG Securities EMEA plc purchased a new position in Newmont Mining Corporation in the second quarter valued at about $12,341,000. Shell Asset Management Co. boosted its stake in Newmont Mining Corporation by 173.1% in the third quarter. Shell Asset Management Co. now owns 793,199 shares of the basic materials company’s stock valued at $18,283,000 after acquiring an additional 502,784 shares during the last quarter. Boyer & Corporon Wealth Management LLC boosted its stake in Newmont Mining Corporation by 9.4% in the second quarter. Boyer & Corporon Wealth Management LLC now owns 116,703 shares of the basic materials company’s stock valued at $3,780,000 after acquiring an additional 10,048 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Newmont Mining Corporation by 9.6% in the second quarter. Neuberger Berman Group LLC now owns 2,281,035 shares of the basic materials company’s stock valued at $73,883,000 after acquiring an additional 200,466 shares during the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.
NEM has been the topic of a number of recent research reports. FBR & Co set a $40.00 price target on shares of Newmont Mining Corporation and gave the company a “hold” rating in a research note on Tuesday, October 31st. BidaskClub cut shares of Newmont Mining Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Zacks Investment Research cut shares of Newmont Mining Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. BMO Capital Markets set a $40.00 price target on shares of Newmont Mining Corporation and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Finally, Jefferies Group LLC restated a “hold” rating and set a $35.00 price target (down from $37.00) on shares of Newmont Mining Corporation in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Newmont Mining Corporation currently has an average rating of “Buy” and an average price target of $40.50.
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Newmont Mining Corporation (NYSE:NEM) opened at $36.04 on Friday. The company has a market cap of $19,221.43, a price-to-earnings ratio of 25.93 and a beta of 0.11. Newmont Mining Corporation has a twelve month low of $30.19 and a twelve month high of $39.62. The company has a quick ratio of 3.58, a current ratio of 4.18 and a debt-to-equity ratio of 0.33.
Newmont Mining Corporation (NYSE:NEM) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.86 billion. Newmont Mining Corporation had a net margin of 1.18% and a return on equity of 6.20%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 EPS. equities research analysts expect that Newmont Mining Corporation will post 1.43 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 8th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, December 7th. Newmont Mining Corporation’s payout ratio is 200.00%.
In other news, COO Thomas Ronald Palmer sold 1,250 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $38.60, for a total value of $48,250.00. Following the completion of the sale, the chief operating officer now owns 89,362 shares of the company’s stock, valued at approximately $3,449,373.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary J. Goldberg sold 1,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $38.60, for a total transaction of $38,600.00. Following the completion of 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. Insiders sold a total of 27,700 shares of company stock valued at $1,042,103 in the last ninety days. 0.32% of the stock is owned by corporate insiders.
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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