UBS Asset Management Americas Inc. raised its position in Newmont Mining Corp. (NYSE:NEM) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,110,587 shares of the company’s stock after buying an additional 10,405 shares during the period. UBS Asset Management Americas Inc. owned about 0.39% of Newmont Mining Corp. worth $82,925,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Klingenstein Fields & Co. LLC boosted its stake in shares of Newmont Mining Corp. by 4.4% in the second quarter. Klingenstein Fields & Co. LLC now owns 624,640 shares of the company’s stock worth $24,436,000 after buying an additional 26,270 shares in the last quarter. Carmignac Gestion raised its position in Newmont Mining Corp. by 3.5% in the second quarter. Carmignac Gestion now owns 13,079,898 shares of the company’s stock worth $511,686,000 after buying an additional 436,300 shares during the last quarter. General Electric Co. raised its position in Newmont Mining Corp. by 2,393.7% in the second quarter. General Electric Co. now owns 860,218 shares of the company’s stock worth $33,652,000 after buying an additional 825,722 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in Newmont Mining Corp. by 48.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 264,229 shares of the company’s stock worth $10,382,000 after buying an additional 86,308 shares during the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. raised its position in Newmont Mining Corp. by 0.4% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 854,883 shares of the company’s stock worth $33,443,000 after buying an additional 3,446 shares during the last quarter. Institutional investors own 79.70% of the company’s stock.

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

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

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

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

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

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

Newmont Mining Corp. Company Profile

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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