Keybank National Association OH lowered its stake in Newmont Mining Corporation (NYSE:NEM) by 91.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 74,131 shares of the basic materials company’s stock after selling 819,675 shares during the period. Keybank National Association OH’s holdings in Newmont Mining Corporation were worth $2,401,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in Newmont Mining Corporation by 55.8% in the first quarter. Bank of New York Mellon Corp now owns 9,135,286 shares of the basic materials company’s stock valued at $301,099,000 after buying an additional 3,273,420 shares during the last quarter. Flossbach Von Storch AG boosted its position in shares of Newmont Mining Corporation by 81.7% in the first quarter. Flossbach Von Storch AG now owns 6,092,593 shares of the basic materials company’s stock worth $200,812,000 after buying an additional 2,739,440 shares during the last quarter. Vanguard Group Inc. boosted its position 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 during the last quarter. Van ECK Associates Corp boosted its position in shares of Newmont Mining Corporation by 4.8% in the first quarter. Van ECK Associates Corp now owns 36,170,799 shares of the basic materials company’s stock worth $1,192,190,000 after buying an additional 1,656,051 shares during the last quarter. Finally, Ruffer LLP boosted its position in shares of Newmont Mining Corporation by 6,080.4% in the first quarter. Ruffer LLP now owns 1,113,828 shares of the basic materials company’s stock worth $38,425,000 after buying an additional 1,095,806 shares during the last quarter. Hedge funds and other institutional investors own 81.07% of the company’s stock.

Shares of Newmont Mining Corporation (NYSE:NEM) opened at 38.34 on Friday. Newmont Mining Corporation has a 52 week low of $30.19 and a 52 week high of $42.69. The stock’s 50 day moving average price is $36.05 and its 200-day moving average price is $34.38. The firm’s market capitalization is $20.45 billion.

Newmont Mining Corporation (NYSE:NEM) last announced its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.26 by $0.20. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates 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 company’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 EPS. Equities analysts predict that Newmont Mining Corporation will post $1.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be given a dividend of $0.075 per share. The ex-dividend date is Wednesday, September 13th. This is a positive change from Newmont Mining Corporation’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a dividend yield of 0.78%. Newmont Mining Corporation’s dividend payout ratio is -22.22%.

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A number of research analysts recently commented on the company. BMO Capital Markets raised their price target on Newmont Mining Corporation to $54.00 and gave the stock a “buy” rating in a research report on Thursday, May 11th. Royal Bank Of Canada restated a “hold” rating and issued a $40.00 price target on shares of Newmont Mining Corporation in a research report on Tuesday, July 18th. BidaskClub upgraded Newmont Mining Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Jefferies Group LLC set a $37.00 price target on Newmont Mining Corporation and gave the stock a “hold” rating in a research report on Friday, May 19th. Finally, Raymond James Financial, Inc. assumed coverage on Newmont Mining Corporation in a research report on Thursday, June 15th. They issued an “outperform” rating and a $43.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $40.96.

In other news, COO Thomas Ronald Palmer sold 1,250 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $31.80, for a total transaction of $39,750.00. Following the transaction, the chief operating officer now directly owns 91,862 shares in the company, valued at approximately $2,921,211.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP E Randall Engel sold 5,700 shares of the stock in a transaction dated 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 owns 256,800 shares in the company, valued at $8,988,000. The disclosure for this sale can be found here. Insiders have sold a total of 22,907 shares of company stock worth $803,461 over the last quarter. 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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