Gamco Investors INC. ET AL Has $46,513,000 Stake in Newmont Mining Corporation (NEM)
Gamco Investors INC. ET AL cut its position in Newmont Mining Corporation (NYSE:NEM) by 3.8% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,365,232 shares of the company’s stock after selling 54,200 shares during the period. Gamco Investors INC. ET AL owned approximately 0.26% of Newmont Mining Corporation worth $46,513,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. New York Life Trust Co. boosted its position in Newmont Mining Corporation by 9.0% in the third quarter. New York Life Trust Co. now owns 2,707 shares of the company’s stock worth $106,000 after buying an additional 224 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in Newmont Mining Corporation during the third quarter worth $153,000. Tuttle Tactical Management LLC acquired a new position in Newmont Mining Corporation during the third quarter worth $172,000. Sullivan Bruyette Speros & Blaney Inc. acquired a new position in Newmont Mining Corporation during the second quarter worth $203,000. Finally, Balasa Dinverno & Foltz LLC acquired a new position in Newmont Mining Corporation during the third quarter worth $207,000. 82.02% of the stock is owned by institutional investors.
Newmont Mining Corporation (NYSE:NEM) traded down 1.49% during midday trading on Friday, hitting $37.01. The company had a trading volume of 2,709,984 shares. The stock’s market cap is $19.64 billion. Newmont Mining Corporation has a 52-week low of $24.08 and a 52-week high of $46.07. The stock’s 50-day moving average price is $35.83 and its 200-day moving average price is $36.91.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Thursday, March 9th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. Newmont Mining Corporation’s dividend payout ratio is presently -19.42%.
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A number of research firms recently weighed in on NEM. Vetr cut Newmont Mining Corporation from a “strong-buy” rating to a “buy” rating and set a $33.23 price target for the company. in a report on Monday, December 19th. Credit Suisse Group reissued a “buy” rating and set a $51.00 target price on shares of Newmont Mining Corporation in a report on Tuesday, December 20th. Scotiabank cut Newmont Mining Corporation from an “outperform” rating to a “sector perform” rating and set a $42.00 target price for the company. in a report on Tuesday, January 10th. Mackie raised Newmont Mining Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 31st. Finally, Zacks Investment Research cut Newmont Mining Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 10th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Newmont Mining Corporation presently has an average rating of “Buy” and a consensus target price of $40.62.
In other Newmont Mining Corporation news, EVP Scott P. Lawson sold 1,500 shares of Newmont Mining Corporation stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $35.83, for a total value of $53,745.00. Following the sale, the executive vice president now owns 43,295 shares of the company’s stock, valued at approximately $1,551,259.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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.
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