Newmont Mining Corporation (NYSE:NEM) CEO Gary J. Goldberg sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $36.44, for a total value of $36,440.00. Following the transaction, the chief executive officer now directly owns 334,730 shares in the company, valued at $12,197,561.20. The sale was disclosed in a document filed with the SEC, which is available at this link.
Newmont Mining Corporation (NYSE:NEM) opened at $36.04 on Monday. The stock has a market capitalization of $19,221.45, a price-to-earnings ratio of 25.93 and a beta of 0.11. Newmont Mining Corporation has a one year low of $30.19 and a one year high of $39.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.58 and a current ratio of 4.18.
Newmont Mining Corporation (NYSE:NEM) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ 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 quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share. equities research analysts forecast that Newmont Mining Corporation will post 1.43 EPS for the current fiscal 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. This represents a $0.30 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Thursday, December 7th. Newmont Mining Corporation’s payout ratio is 200.00%.
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A number of large investors have recently made changes to their positions in NEM. Janus Henderson Group PLC raised its stake in Newmont Mining Corporation by 7,145.7% during the second quarter. Janus Henderson Group PLC now owns 5,273,545 shares of the basic materials company’s stock valued at $170,812,000 after buying an additional 5,200,763 shares during the last quarter. Flossbach Von Storch AG raised its stake in Newmont Mining Corporation by 29.2% during the second quarter. Flossbach Von Storch AG now owns 7,873,186 shares of the basic materials company’s stock valued at $255,012,000 after buying an additional 1,780,593 shares during the last quarter. Vanguard Group Inc. raised its stake in Newmont Mining Corporation by 2.6% during the second quarter. Vanguard Group Inc. now owns 54,285,832 shares of the basic materials company’s stock valued at $1,758,317,000 after buying an additional 1,360,916 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Newmont Mining Corporation during the third quarter valued at $44,652,000. Finally, FMR LLC raised its stake in Newmont Mining Corporation by 24.6% during the second quarter. FMR LLC now owns 4,964,974 shares of the basic materials company’s stock valued at $160,816,000 after buying an additional 979,529 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.
NEM has been the topic of a number of research reports. TheStreet raised Newmont Mining Corporation from a “c+” rating to a “b” rating in a report on Wednesday, October 11th. Zacks Investment Research raised Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Monday, July 31st. Argus raised Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Thursday, July 27th. Credit Suisse Group set a $45.00 price objective on Newmont Mining Corporation and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, BMO Capital Markets set a $40.00 price objective on Newmont Mining Corporation and gave the company a “buy” rating in a report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $40.50.
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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