Gary J. Goldberg Sells 1,000 Shares of Newmont Mining Corp (NEM) Stock

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.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders 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 dividend yield of 0.83%. Newmont Mining’s payout ratio is 200.00%.

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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