Elkfork Partners LLC acquired a new position in shares of Newmont Mining Corporation (NYSE:NEM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 198,396 shares of the company’s stock, valued at approximately $6,759,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NEM. Van ECK Associates Corp raised its position in shares of Newmont Mining Corporation by 12.5% in the fourth quarter. Van ECK Associates Corp now owns 34,514,748 shares of the company’s stock worth $1,175,917,000 after buying an additional 3,839,014 shares during the period. BlackRock Group LTD raised its position in shares of Newmont Mining Corporation by 24.5% in the second quarter. BlackRock Group LTD now owns 26,495,175 shares of the company’s stock worth $1,036,490,000 after buying an additional 5,210,011 shares during the period. Carmignac Gestion raised its position in shares of Newmont Mining Corporation by 3.0% in the third quarter. Carmignac Gestion now owns 13,476,198 shares of the company’s stock worth $529,480,000 after buying an additional 396,300 shares during the period. Northern Trust Corp raised its position in shares of Newmont Mining Corporation by 2.2% in the third quarter. Northern Trust Corp now owns 7,559,089 shares of the company’s stock worth $296,997,000 after buying an additional 162,388 shares during the period. Finally, APG Asset Management N.V. raised its position in shares of Newmont Mining Corporation by 10.0% in the third quarter. APG Asset Management N.V. now owns 6,951,703 shares of the company’s stock worth $273,132,000 after buying an additional 634,300 shares during the period. Institutional investors and hedge funds own 82.02% of the company’s stock.

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

Newmont Mining Corporation (NYSE:NEM) traded down 1.424% during mid-day trading on Friday, hitting $37.035. 2,705,254 shares of the stock traded hands. The firm’s market capitalization is $19.66 billion. The company has a 50-day moving average of $35.83 and a 200 day moving average of $36.91. Newmont Mining Corporation has a 1-year low of $24.08 and a 1-year high of $46.07.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. Newmont Mining Corporation’s payout ratio is -19.42%.

“Elkfork Partners LLC Acquires Shares of 198,396 Newmont Mining Corporation (NEM)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another site, it was copied illegally and reposted in violation of international copyright and trademark law. The original version of this news story can be read at https://www.thecerbatgem.com/2017/02/17/elkfork-partners-llc-acquires-shares-of-198396-newmont-mining-corporation-nem.html.

A number of research analysts recently issued reports on NEM shares. Zacks Investment Research upgraded shares of Newmont Mining Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, February 1st. FBR & Co dropped their price objective on shares of Newmont Mining Corporation from $40.00 to $39.00 and set a “market perform” rating for the company in a report on Thursday, November 10th. Vetr upgraded shares of Newmont Mining Corporation from a “strong sell” rating to a “buy” rating and set a $40.80 price objective for the company in a report on Tuesday, February 7th. Bank of America Corporation upgraded shares of Newmont Mining Corporation from a “neutral” rating to a “buy” rating in a report on Monday, November 28th. Finally, J P Morgan Chase & Co upgraded shares of Newmont Mining Corporation from a “neutral” rating to an “overweight” rating and set a $43.00 price objective for the company in a report on Thursday, November 3rd. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $40.62.

In other news, EVP Scott P. Lawson sold 1,500 shares of the business’s stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $35.83, for a total transaction of $53,745.00. Following the completion of the transaction, the executive vice president now owns 43,295 shares of the company’s stock, valued at $1,551,259.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is currently owned by insiders.

About Newmont Mining Corporation

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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