Brighton Jones LLC lowered its stake in Newmont Mining Corporation (NYSE:NEM) by 3.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 7,561 shares of the basic materials company’s stock after selling 252 shares during the period. Brighton Jones LLC’s holdings in Newmont Mining Corporation were worth $245,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning increased its stake in shares of Newmont Mining Corporation by 6.8% in the first quarter. Creative Planning now owns 7,163 shares of the basic materials company’s stock worth $236,000 after buying an additional 453 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Newmont Mining Corporation by 17.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 275,000 shares of the basic materials company’s stock worth $9,064,000 after buying an additional 40,000 shares during the period. DUPONT CAPITAL MANAGEMENT Corp increased its stake in shares of Newmont Mining Corporation by 151.2% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 86,402 shares of the basic materials company’s stock worth $2,848,000 after buying an additional 52,006 shares during the period. Advisor Partners LLC increased its stake in shares of Newmont Mining Corporation by 0.7% in the first quarter. Advisor Partners LLC now owns 11,349 shares of the basic materials company’s stock worth $374,000 after buying an additional 84 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Newmont Mining Corporation during the first quarter worth about $118,000. 81.07% of the stock is owned by hedge funds and other institutional investors.

Newmont Mining Corporation (NEM) opened at 38.04 on Wednesday. The firm has a 50-day moving average of $35.43 and a 200-day moving average of $34.36. Newmont Mining Corporation has a one year low of $30.19 and a one year high of $42.69. The company’s market cap is $20.29 billion. Newmont Mining Corporation also saw some unusual options trading activity on Monday. Stock traders acquired 8,222 put options on the stock. This represents an increase of approximately 228% compared to the typical volume of 2,504 put options.

Newmont Mining Corporation (NYSE:NEM) last released its quarterly earnings data 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 analyst estimates of $1.77 billion. Newmont Mining Corporation had a negative net margin of 6.73% and a positive return on equity of 6.67%. Newmont Mining Corporation’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. On average, analysts predict that Newmont Mining Corporation will post $1.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, September 13th. This is a positive change from Newmont Mining Corporation’s previous quarterly dividend of $0.05. Newmont Mining Corporation’s payout ratio is -22.22%.

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A number of analysts have issued reports on the company. Royal Bank Of Canada set a $41.00 target price on Newmont Mining Corporation and gave the company a “hold” rating in a report on Monday. Zacks Investment Research raised Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Monday, July 31st. Argus raised Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Thursday, July 27th. BidaskClub raised Newmont Mining Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, BMO Capital Markets set a $40.00 target price on Newmont Mining Corporation and gave the company a “buy” rating in a report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $40.96.

In other Newmont Mining Corporation news, EVP E Randall Engel sold 5,700 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $35.00, for a total transaction of $199,500.00. Following the completion of the sale, the executive vice president now owns 256,800 shares in the company, valued at approximately $8,988,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gary J. Goldberg sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $37.11, for a total transaction of $37,110.00. Following the completion of the sale, the insider now owns 334,730 shares of the company’s stock, valued at approximately $12,421,830.30. 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 in the last 90 days. 0.32% of the stock is currently owned by company insiders.

About Newmont Mining Corporation

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.

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

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