Neuberger Berman Group LLC decreased its position in shares of Newmont Mining Corp. (NYSE:NEM) by 28.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,808,859 shares of the company’s stock after selling 715,664 shares during the period. Neuberger Berman Group LLC owned about 0.34% of Newmont Mining Corp. worth $71,070,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Smith Affiliated Capital Corp. raised its stake in Newmont Mining Corp. by 194.1% in the second quarter. Smith Affiliated Capital Corp. now owns 5,000 shares of the company’s stock valued at $196,000 after buying an additional 3,300 shares during the period. Sullivan Bruyette Speros & Blaney Inc. purchased a new position in shares of Newmont Mining Corp. during the second quarter valued at $203,000. Balasa Dinverno & Foltz LLC purchased a new position in shares of Newmont Mining Corp. during the third quarter valued at $207,000. Pekin Singer Strauss Asset Management IL purchased a new position in shares of Newmont Mining Corp. during the second quarter valued at $217,000. Finally, Gyroscope Capital Management Group LLC purchased a new position in shares of Newmont Mining Corp. during the second quarter valued at $219,000. Institutional investors and hedge funds own 79.70% of the company’s stock.

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

Newmont Mining Corp. (NYSE:NEM) opened at 33.55 on Wednesday. The stock’s 50 day moving average is $34.98 and its 200-day moving average is $37.97. Newmont Mining Corp. has a 12 month low of $16.05 and a 12 month high of $46.07. The stock’s market capitalization is $17.81 billion.

Newmont Mining Corp. (NYSE:NEM) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.12. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.02 billion. Newmont Mining Corp. had a positive return on equity of 4.94% and a negative net margin of 6.99%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 earnings per share. On average, equities research analysts expect that Newmont Mining Corp. will post $1.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 8th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, December 6th. This is a positive change from Newmont Mining Corp.’s previous quarterly dividend of $0.03. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. Newmont Mining Corp.’s payout ratio is presently -9.71%.

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Several brokerages recently weighed in on NEM. Bank of America Corp. raised shares of Newmont Mining Corp. from a “neutral” rating to a “buy” rating in a report on Monday. FBR & Co dropped their target price on shares of Newmont Mining Corp. from $40.00 to $39.00 and set a “market perform” rating for the company in a report on Thursday, November 10th. Zacks Investment Research downgraded shares of Newmont Mining Corp. from a “buy” rating to a “hold” rating in a report on Friday, November 4th. JPMorgan Chase & Co. raised shares of Newmont Mining Corp. from a “neutral” rating to an “overweight” rating and set a $43.00 target price for the company in a report on Thursday, November 3rd. Finally, Mackie raised shares of Newmont Mining Corp. from a “hold” rating to a “buy” rating in a report on Monday, October 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $38.65.

In related news, EVP William N. Macgowan sold 2,006 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $37.53, for a total transaction of $75,285.18. Following the transaction, the executive vice president now directly owns 96,773 shares in the company, valued at $3,631,890.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott P. Lawson sold 1,500 shares of the business’s stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $35.99, for a total transaction of $53,985.00. Following the transaction, the executive vice president now owns 44,795 shares in the company, valued at $1,612,172.05. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

About Newmont Mining Corp.

Newmont Mining Corporation is a global 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, Indonesia, Ghana and Suriname. Its segments are North America, South America, Asia Pacific and Africa.

5 Day Chart for NYSE:NEM

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