P.R. Herzig & Co. Inc. Has $1.85 Million Holdings in Newmont Mining Corp (NEM)

P.R. Herzig & Co. Inc. boosted its holdings in shares of Newmont Mining Corp (NYSE:NEM) by 11.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,200 shares of the basic materials company’s stock after purchasing an additional 5,200 shares during the quarter. Newmont Mining makes up approximately 3.5% of P.R. Herzig & Co. Inc.’s holdings, making the stock its 12th largest holding. P.R. Herzig & Co. Inc.’s holdings in Newmont Mining were worth $1,846,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC increased its holdings in shares of Newmont Mining by 7,145.7% in the 2nd quarter. Janus Henderson Group PLC now owns 5,273,545 shares of the basic materials company’s stock valued at $170,812,000 after acquiring an additional 5,200,763 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Newmont Mining by 159.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 4,207,739 shares of the basic materials company’s stock valued at $157,832,000 after acquiring an additional 2,584,318 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Newmont Mining in the 3rd quarter valued at approximately $44,652,000. Bank of New York Mellon Corp increased its holdings in shares of Newmont Mining by 12.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 10,596,020 shares of the basic materials company’s stock valued at $397,458,000 after acquiring an additional 1,150,995 shares during the last quarter. Finally, Carmignac Gestion increased its holdings in shares of Newmont Mining by 8.0% in the 3rd quarter. Carmignac Gestion now owns 15,346,347 shares of the basic materials company’s stock valued at $575,641,000 after acquiring an additional 1,141,466 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

Shares of Newmont Mining Corp (NYSE NEM) traded up $0.19 on Monday, reaching $39.66. The company had a trading volume of 2,634,268 shares, compared to its average volume of 4,562,423. The company has a market cap of $21,150.00, a P/E ratio of 56.66 and a beta of 0.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.58 and a current ratio of 4.18. Newmont Mining Corp has a 52-week low of $31.42 and a 52-week high of $40.25.

Newmont Mining (NYSE:NEM) last issued its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.86 billion. Newmont Mining had a return on equity of 6.20% and a net margin of 1.18%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 EPS. equities analysts predict that Newmont Mining Corp will post 1.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Friday, December 8th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.30 dividend on an annualized basis and a yield of 0.76%. Newmont Mining’s payout ratio is currently 42.86%.

In other Newmont Mining news, COO Thomas Ronald Palmer sold 1,250 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $37.89, for a total transaction of $47,362.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary J. Goldberg sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $36.44, for a total value of $36,440.00. Following the transaction, the chief executive officer now owns 334,730 shares of the company’s stock, valued at approximately $12,197,561.20. The disclosure for this sale can be found here. Insiders have sold a total of 27,700 shares of company stock valued at $1,020,676 in the last quarter. 0.32% of the stock is currently owned by insiders.

A number of brokerages have recently weighed in on NEM. B. Riley reiterated a “neutral” rating on shares of Newmont Mining in a report on Wednesday, November 1st. Zacks Investment Research downgraded Newmont Mining from a “strong-buy” rating to a “hold” rating in a report on Friday. Deutsche Bank downgraded Newmont Mining from a “buy” rating to a “hold” rating and lowered their price target for the company from $42.00 to $40.00 in a report on Tuesday, January 16th. Scotiabank set a $48.00 price target on Newmont Mining and gave the company a “buy” rating in a report on Monday, January 15th. Finally, TheStreet downgraded Newmont Mining from a “b-” rating to a “c” rating in a research note on Friday, November 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $41.95.

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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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