Newmont Mining Corp (NEM) EVP Elaine J. Dorward-King Sells 10,250 Shares

Newmont Mining Corp (NYSE:NEM) EVP Elaine J. Dorward-King sold 10,250 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $36.48, for a total value of $373,920.00. Following the completion of the transaction, the executive vice president now owns 71,864 shares of the company’s stock, valued at $2,621,598.72. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Newmont Mining Corp (NYSE:NEM) traded up $0.19 during mid-day trading on Friday, reaching $36.92. The company had a trading volume of 2,217,762 shares, compared to its average volume of 5,409,104. The stock has a market cap of $19,690.00, a PE ratio of 52.74 and a beta of 0.10. Newmont Mining Corp has a 52 week low of $31.42 and a 52 week high of $39.63. 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 released its quarterly 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. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.86 billion. Newmont Mining had a return on equity of 6.20% and a net margin of 1.18%. Newmont Mining’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 EPS. research analysts anticipate 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. Shareholders of record on Friday, December 8th will be given a dividend of $0.075 per share. 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 42.86%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NEM. Sun Life Financial INC raised its position in Newmont Mining by 43,144.4% during the 2nd quarter. Sun Life Financial INC now owns 3,892 shares of the basic materials company’s stock valued at $126,000 after purchasing an additional 3,883 shares during the last quarter. Tiedemann Wealth Management LLC raised its position in Newmont Mining by 66.5% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 14,862 shares of the basic materials company’s stock valued at $170,000 after purchasing an additional 5,938 shares during the last quarter. Parametrica Management Ltd bought a new position in Newmont Mining during the 3rd quarter valued at approximately $222,000. Timber Hill LLC bought a new position in Newmont Mining during the 3rd quarter valued at approximately $260,000. Finally, Veritable L.P. raised its position in Newmont Mining by 4.6% during the 2nd quarter. Veritable L.P. now owns 8,473 shares of the basic materials company’s stock valued at $274,000 after purchasing an additional 370 shares during the last quarter. 81.85% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on NEM. FBR & Co set a $40.00 price objective on Newmont Mining and gave the stock a “hold” rating in a report on Tuesday, October 31st. Royal Bank of Canada reiterated a “hold” rating and issued a $43.00 price objective on shares of Newmont Mining in a report on Tuesday, December 5th. BMO Capital Markets reiterated a “buy” rating and issued a $43.00 price objective on shares of Newmont Mining in a report on Wednesday. Zacks Investment Research cut Newmont Mining from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, TheStreet upgraded Newmont Mining from a “c+” rating to a “b” rating in a report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Newmont Mining presently has a consensus rating of “Buy” and a consensus target price of $42.60.

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Newmont Mining 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.

Insider Buying and Selling by Quarter for Newmont Mining (NYSE:NEM)

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