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.
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.
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.
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