Riverhead Capital Management LLC lessened its stake in Newmont Mining Corporation (NYSE:NEM) by 39.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,412 shares of the basic materials company’s stock after selling 35,745 shares during the quarter. Riverhead Capital Management LLC’s holdings in Newmont Mining Corporation were worth $1,763,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Newmont Mining Corporation by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 52,924,916 shares of the basic materials company’s stock worth $1,744,405,000 after acquiring an additional 1,671,897 shares during the period. Van ECK Associates Corp boosted its holdings in Newmont Mining Corporation by 4.8% in the 1st quarter. Van ECK Associates Corp now owns 36,170,799 shares of the basic materials company’s stock worth $1,192,190,000 after acquiring an additional 1,656,051 shares during the period. Bank of New York Mellon Corp boosted its holdings in Newmont Mining Corporation by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,445,025 shares of the basic materials company’s stock worth $305,925,000 after acquiring an additional 309,739 shares during the period. APG Asset Management N.V. boosted its holdings in Newmont Mining Corporation by 6.4% in the 2nd quarter. APG Asset Management N.V. now owns 8,933,153 shares of the basic materials company’s stock worth $289,345,000 after acquiring an additional 534,550 shares during the period. Finally, Flossbach Von Storch AG boosted its holdings in Newmont Mining Corporation by 29.2% in the 2nd quarter. Flossbach Von Storch AG now owns 7,873,186 shares of the basic materials company’s stock worth $255,012,000 after acquiring an additional 1,780,593 shares during the period. Hedge funds and other institutional investors own 81.08% of the company’s stock.

Newmont Mining Corporation (NYSE NEM) opened at 38.12 on Friday. Newmont Mining Corporation has a 52 week low of $30.19 and a 52 week high of $41.97. The company’s market capitalization is $20.33 billion. The company’s 50-day moving average price is $37.20 and its 200-day moving average price is $34.49.

Newmont Mining Corporation (NYSE:NEM) last issued its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.20. Newmont Mining Corporation had a positive return on equity of 6.67% and a negative net margin of 6.73%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the company posted $0.44 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts forecast that Newmont Mining Corporation will post $1.36 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be given a $0.075 dividend. This is an increase from Newmont Mining Corporation’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.30 annualized dividend and a yield of 0.79%. Newmont Mining Corporation’s payout ratio is presently -33.33%.

In other Newmont Mining Corporation news, EVP Scott P. Lawson sold 5,000 shares of Newmont Mining Corporation stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $32.79, for a total value of $163,950.00. Following the completion of the transaction, the executive vice president now owns 56,696 shares in the company, valued at approximately $1,859,061.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Thomas Ronald Palmer sold 1,250 shares of Newmont Mining Corporation stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $31.80, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders sold 19,457 shares of company stock valued at $690,811. Corporate insiders own 0.32% of the company’s stock.

A number of equities analysts have weighed in on the company. Royal Bank Of Canada set a $41.00 price target on Newmont Mining Corporation and gave the stock a “hold” rating in a report on Monday, August 28th. BMO Capital Markets set a $40.00 target price on Newmont Mining Corporation and gave the company a “buy” rating in a research report on Wednesday, August 23rd. BidaskClub lowered Newmont Mining Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered Newmont Mining Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Argus raised Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $40.96.

ILLEGAL ACTIVITY WARNING: “Riverhead Capital Management LLC Has $1.76 Million Holdings in Newmont Mining Corporation (NEM)” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.thecerbatgem.com/2017/09/15/riverhead-capital-management-llc-has-1-76-million-holdings-in-newmont-mining-corporation-nem.html.

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)

Receive News & Stock Ratings for Newmont Mining Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont Mining Corporation and related stocks with our FREE daily email newsletter.