Global Thematic Partners LLC raised its stake in shares of Newmont Mining Corporation (NYSE:NEM) by 28.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,071,299 shares of the basic materials company’s stock after buying an additional 901,550 shares during the period. Newmont Mining Corporation accounts for 4.2% of Global Thematic Partners LLC’s portfolio, making the stock its 3rd largest position. Global Thematic Partners LLC owned approximately 0.76% of Newmont Mining Corporation worth $131,868,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in Newmont Mining Corporation by 114.0% in the first quarter. Nisa Investment Advisors LLC now owns 181,687 shares of the basic materials company’s stock valued at $5,988,000 after buying an additional 96,768 shares during the period. Envestnet Asset Management Inc. raised its stake in Newmont Mining Corporation by 23.8% in the first quarter. Envestnet Asset Management Inc. now owns 67,558 shares of the basic materials company’s stock valued at $2,228,000 after buying an additional 12,979 shares during the period. Sprott Inc. raised its stake in Newmont Mining Corporation by 32.9% in the first quarter. Sprott Inc. now owns 533,078 shares of the basic materials company’s stock valued at $17,570,000 after buying an additional 131,897 shares during the period. Vanguard Group Inc. raised its stake in Newmont Mining Corporation by 3.3% in the first quarter. Vanguard Group Inc. now owns 52,924,916 shares of the basic materials company’s stock valued at $1,744,405,000 after buying an additional 1,671,897 shares during the period. Finally, Cypress Capital Group acquired a new stake in Newmont Mining Corporation during the first quarter valued at $335,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of Newmont Mining Corporation (NYSE:NEM) traded down 0.61% during midday trading on Friday, reaching $35.83. The company’s stock had a trading volume of 7,433,051 shares. The company’s market capitalization is $19.11 billion. The company’s 50-day moving average price is $34.88 and its 200 day moving average price is $34.36. Newmont Mining Corporation has a 12-month low of $30.19 and a 12-month high of $43.83.

Newmont Mining Corporation (NYSE:NEM) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.20. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Newmont Mining Corporation had a positive return on equity of 6.67% and a negative net margin of 6.73%. Newmont Mining Corporation’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. On average, equities research analysts forecast that Newmont Mining Corporation will post $1.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This is a boost from Newmont Mining Corporation’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a yield of 0.84%. Newmont Mining Corporation’s dividend payout ratio is currently -22.22%.

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Several research firms have commented on NEM. Jefferies Group LLC reiterated a “hold” rating and issued a $35.00 target price (down from $37.00) on shares of Newmont Mining Corporation in a research report on Friday, July 14th. Deutsche Bank AG reiterated a “buy” rating and issued a $42.00 target price (down from $44.00) on shares of Newmont Mining Corporation in a research report on Sunday, June 25th. Scotiabank reiterated a “sector perform” rating and issued a $58.00 target price on shares of Newmont Mining Corporation in a research report on Tuesday, April 25th. Credit Suisse Group set a $45.00 target price on Newmont Mining Corporation and gave the company a “buy” rating in a research report on Tuesday, July 18th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $39.00 target price on shares of Newmont Mining Corporation in a research report on Tuesday, May 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.78.

In other Newmont Mining Corporation news, COO Thomas Ronald Palmer sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $31.80, for a total transaction of $39,750.00. Following the completion of the transaction, the chief operating officer now owns 91,862 shares of the company’s stock, valued at approximately $2,921,211.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP E Randall Engel sold 5,700 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $35.00, for a total value of $199,500.00. Following the transaction, the executive vice president now directly owns 256,800 shares of the company’s stock, valued at approximately $8,988,000. The disclosure for this sale can be found here. Insiders have sold a total of 22,907 shares of company stock valued at $803,461 over the last 90 days. 0.32% of the stock is currently owned by company insiders.

Newmont Mining Corporation Company 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 Corporation (NYSE:NEM)

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