5,538 Shares in Newmont Mining Corp (NEM) Purchased by Exane Derivatives

Exane Derivatives acquired a new position in Newmont Mining Corp (NYSE:NEM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,538 shares of the basic materials company’s stock, valued at approximately $208,000.

A number of other hedge funds have also recently modified their holdings of the business. Carmignac Gestion grew its position in Newmont Mining by 8.0% in the 3rd quarter. Carmignac Gestion now owns 15,346,347 shares of the basic materials company’s stock worth $575,641,000 after purchasing an additional 1,141,466 shares in the last quarter. Bank of New York Mellon Corp grew its position in 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 worth $397,458,000 after purchasing an additional 1,150,995 shares in the last quarter. Flossbach Von Storch AG grew its position in Newmont Mining by 2.5% in the 3rd quarter. Flossbach Von Storch AG now owns 8,072,121 shares of the basic materials company’s stock worth $302,785,000 after purchasing an additional 198,935 shares in the last quarter. Janus Henderson Group PLC grew its position in 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 worth $170,812,000 after purchasing an additional 5,200,763 shares in the last quarter. Finally, FMR LLC grew its position in Newmont Mining by 24.6% in the 2nd quarter. FMR LLC now owns 4,964,974 shares of the basic materials company’s stock worth $160,816,000 after purchasing an additional 979,529 shares in the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on NEM. Zacks Investment Research raised shares of Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday, October 18th. Royal Bank of Canada reissued a “hold” rating and set a $43.00 target price on shares of Newmont Mining in a research report on Tuesday, December 5th. TheStreet raised shares of Newmont Mining from a “c+” rating to a “b” rating in a research report on Wednesday, October 11th. FBR & Co set a $40.00 target price on shares of Newmont Mining and gave the company a “hold” rating in a research report on Tuesday, October 31st. Finally, BMO Capital Markets reissued a “buy” rating and set a $43.00 target price on shares of Newmont Mining in a research report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $41.95.

Newmont Mining Corp (NYSE NEM) opened at $40.51 on Thursday. Newmont Mining Corp has a 52-week low of $31.42 and a 52-week high of $42.04. The firm has a market cap of $21,610.00, a P/E ratio of 57.87 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.

In related news, insider Gary J. Goldberg sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $37.89, for a total transaction of $37,890.00. Following the sale, the insider now directly owns 156,096 shares in the company, valued at approximately $5,914,477.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Elaine J. Dorward-King sold 10,250 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $36.48, for a total transaction of $373,920.00. Following the sale, the executive vice president now owns 71,864 shares in the company, valued at $2,621,598.72. The disclosure for this sale can be found here. Insiders have sold a total of 19,750 shares of company stock worth $730,978 over the last 90 days. 0.32% of the stock is currently owned by corporate insiders.

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Newmont Mining 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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Institutional Ownership by Quarter for Newmont Mining (NYSE:NEM)

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