Newmont Mining Corp (NYSE:NEM) insider Gary J. Goldberg sold 1,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $36.98, for a total value of $36,980.00. Following the transaction, the insider now owns 334,730 shares in the company, valued at approximately $12,378,315.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Newmont Mining Corp (NYSE NEM) opened at $36.20 on Wednesday. Newmont Mining Corp has a 52 week low of $30.40 and a 52 week high of $39.63. The company has a quick ratio of 3.58, a current ratio of 4.18 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $19,648.12, a PE ratio of 26.50 and a beta of 0.10.
Newmont Mining (NYSE:NEM) last posted its earnings results on Thursday, October 26th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. Newmont Mining had a return on equity of 6.20% and a net margin of 1.18%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. equities research analysts expect that Newmont Mining Corp will post 1.44 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its stake in shares of Newmont Mining by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 231,662 shares of the basic materials company’s stock worth $8,690,000 after acquiring an additional 1,389 shares during the last quarter. Afam Capital Inc. grew its stake in shares of Newmont Mining by 3.8% during the third quarter. Afam Capital Inc. now owns 74,395 shares of the basic materials company’s stock worth $2,791,000 after acquiring an additional 2,703 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Newmont Mining during the third quarter worth about $1,971,000. Virtu Financial LLC grew its stake in shares of Newmont Mining by 26.9% during the third quarter. Virtu Financial LLC now owns 17,292 shares of the basic materials company’s stock worth $649,000 after acquiring an additional 3,666 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Newmont Mining by 18.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,701 shares of the basic materials company’s stock worth $742,000 after acquiring an additional 3,112 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.
Several equities analysts have recently commented on the company. B. Riley restated a “neutral” rating on shares of Newmont Mining in a research note on Wednesday, November 1st. BidaskClub lowered Newmont Mining from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded Newmont Mining from a “hold” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a research note on Tuesday. TheStreet lowered Newmont Mining from a “b-” rating to a “c” rating in a research note on Friday, November 17th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $43.00 target price on shares of Newmont Mining in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $42.74.
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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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