Tiedemann Wealth Management LLC Purchases 5,938 Shares of Newmont Mining Corp (NEM)

Tiedemann Wealth Management LLC boosted its stake in shares of Newmont Mining Corp (NYSE:NEM) by 66.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,862 shares of the basic materials company’s stock after buying an additional 5,938 shares during the quarter. Tiedemann Wealth Management LLC’s holdings in Newmont Mining were worth $170,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NEM. NGAM Advisors L.P. lifted its holdings in Newmont Mining by 3.2% during the 2nd quarter. NGAM Advisors L.P. now owns 69,957 shares of the basic materials company’s stock worth $2,266,000 after buying an additional 2,145 shares during the period. CAPROCK Group Inc. acquired a new position in Newmont Mining during the 2nd quarter worth about $388,000. Korea Investment CORP lifted its holdings in Newmont Mining by 746.1% during the 2nd quarter. Korea Investment CORP now owns 17,226 shares of the basic materials company’s stock worth $558,000 after buying an additional 15,190 shares during the period. Retirement Systems of Alabama lifted its holdings in Newmont Mining by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 465,696 shares of the basic materials company’s stock worth $15,084,000 after buying an additional 1,624 shares during the period. Finally, Hussman Strategic Advisors Inc. lifted its holdings in Newmont Mining by 633.3% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 550,000 shares of the basic materials company’s stock worth $17,814,000 after buying an additional 475,000 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Newmont Mining Corp (NYSE NEM) opened at $37.19 on Friday. Newmont Mining Corp has a 12-month low of $30.40 and a 12-month high of $39.63. The company has a market capitalization of $19,834.77, a PE ratio of 26.76 and a beta of 0.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.18 and a quick ratio of 3.58.

Newmont Mining (NYSE:NEM) last issued its earnings results on Thursday, October 26th. The basic materials company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Newmont Mining had a return on equity of 6.20% and a net margin of 1.18%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the company posted $0.38 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. equities analysts anticipate that Newmont Mining Corp will post 1.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 8th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, December 7th. Newmont Mining’s payout ratio is 200.00%.

A number of research analysts have recently issued reports on NEM shares. Royal Bank Of Canada set a $41.00 price objective on Newmont Mining and gave the company a “hold” rating in a research note on Monday, August 28th. B. Riley reissued a “neutral” rating on shares of Newmont Mining in a research note on Wednesday, November 1st. Zacks Investment Research raised Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, October 18th. BidaskClub downgraded Newmont Mining from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, BMO Capital Markets set a $40.00 price objective on Newmont Mining and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $40.83.

In related news, EVP Scott P. Lawson sold 5,000 shares of the business’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $37.85, for a total value of $189,250.00. Following the completion of the sale, the executive vice president now directly owns 51,696 shares of the company’s stock, valued at approximately $1,956,693.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Elaine J. Dorward-King sold 10,250 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $38.27, for a total value of $392,267.50. Following the completion of the sale, the executive vice president now directly owns 82,114 shares of the company’s stock, valued at $3,142,502.78. The disclosure for this sale can be found here. Insiders sold a total of 25,450 shares of company stock valued at $955,253 over the last ninety days. 0.32% of the stock is currently owned by corporate insiders.

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About Newmont Mining

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 (NYSE:NEM)

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