Swiss National Bank raised its position in shares of Newmont Mining Corporation (NYSE:NEM) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,679,332 shares of the basic materials company’s stock after buying an additional 60,100 shares during the period. Swiss National Bank owned approximately 0.88% of Newmont Mining Corporation worth $151,564,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NEM. Envestnet Asset Management Inc. boosted its stake in shares of 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 worth $2,228,000 after buying an additional 12,979 shares in the last quarter. Sprott Inc. boosted its stake in shares of Newmont Mining Corporation by 32.9% in the first quarter. Sprott Inc. now owns 533,078 shares of the basic materials company’s stock worth $17,570,000 after buying an additional 131,897 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 worth $1,744,405,000 after buying an additional 1,671,897 shares in the last quarter. Cypress Capital Group acquired a new stake in shares of Newmont Mining Corporation during the first quarter worth approximately $335,000. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of Newmont Mining Corporation by 5.6% in the first quarter. Xact Kapitalforvaltning AB now owns 40,834 shares of the basic materials company’s stock worth $1,346,000 after buying an additional 2,164 shares in the last quarter. 81.07% of the stock is owned by institutional investors and hedge funds.

Newmont Mining Corporation (NYSE NEM) traded up 0.71% during trading on Thursday, reaching $38.33. 1,631,542 shares of the company traded hands. Newmont Mining Corporation has a 52 week low of $30.19 and a 52 week high of $42.69. The firm has a 50-day moving average price of $35.43 and a 200-day moving average price of $34.36. The company’s market capitalization is $20.44 billion. Newmont Mining Corporation also was the target of unusually large options trading on Monday. Stock traders purchased 8,222 put options on the stock. This is 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 results on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.20. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.77 billion. Newmont Mining Corporation had a positive return on equity of 6.67% and a negative net margin of 6.73%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 EPS. Analysts forecast that Newmont Mining Corporation will post $1.34 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Wednesday, September 13th. This is an increase 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 recently issued reports on NEM shares. Jefferies Group LLC reissued a “hold” rating and issued a $35.00 price objective (down from $37.00) on shares of Newmont Mining Corporation in a research note on Friday, July 14th. Deutsche Bank AG reissued a “buy” rating and issued a $42.00 price objective (down from $44.00) on shares of Newmont Mining Corporation in a research note on Sunday, June 25th. Credit Suisse Group set a $45.00 price objective on shares of Newmont Mining Corporation and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Royal Bank Of Canada reissued a “hold” rating and issued a $39.00 price objective on shares of Newmont Mining Corporation in a research note on Tuesday, May 30th. Finally, Argus raised shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $40.96.

In related news, insider Gary J. Goldberg sold 1,000 shares of Newmont Mining Corporation stock in a transaction dated 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 in the company, valued at approximately $12,421,830.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP E Randall Engel sold 5,700 shares of Newmont Mining Corporation stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $35.00, for a total value of $199,500.00. Following the sale, the executive vice president now 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 in the last ninety days. Corporate insiders own 0.32% of the company’s stock.

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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