BT Investment Management Ltd purchased a new stake in Newmont Mining Corporation (NYSE:NEM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 39,690 shares of the basic materials company’s stock, valued at approximately $1,286,000.

Several other large investors have also bought and sold shares of the company. Cleararc Capital Inc. raised its holdings in shares of Newmont Mining Corporation by 0.6% in the 1st quarter. Cleararc Capital Inc. now owns 12,988 shares of the basic materials company’s stock valued at $428,000 after purchasing an additional 73 shares in the last quarter. Advantus Capital Management Inc raised its stake in shares of Newmont Mining Corporation by 0.4% during the 1st quarter. Advantus Capital Management Inc now owns 53,529 shares of the basic materials company’s stock worth $1,764,000 after acquiring an additional 224 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Newmont Mining Corporation by 0.4% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 66,675 shares of the basic materials company’s stock worth $2,198,000 after acquiring an additional 233 shares in the last quarter. Legacy Capital Partners Inc. raised its stake in shares of Newmont Mining Corporation by 2.8% during the 1st quarter. Legacy Capital Partners Inc. now owns 9,865 shares of the basic materials company’s stock worth $326,000 after acquiring an additional 265 shares in the last quarter. Finally, Smith Affiliated Capital Corp. raised its stake in shares of Newmont Mining Corporation by 8.6% during the 2nd quarter. Smith Affiliated Capital Corp. now owns 3,800 shares of the basic materials company’s stock worth $123,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 81.08% of the company’s stock.

Shares of Newmont Mining Corporation (NEM) opened at 37.78 on Tuesday. The stock’s market capitalization is $20.15 billion. The stock has a 50 day moving average of $37.26 and a 200 day moving average of $34.55. Newmont Mining Corporation has a 12-month low of $30.19 and a 12-month high of $41.97.

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, topping analysts’ consensus estimates of $0.26 by $0.20. Newmont Mining Corporation had a negative net margin of 6.73% and a positive return on equity of 6.67%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities research analysts anticipate that Newmont Mining Corporation will post $1.36 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders 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 represents a $0.30 dividend on an annualized basis and a yield of 0.79%. This is a boost from Newmont Mining Corporation’s previous quarterly dividend of $0.05. Newmont Mining Corporation’s dividend payout ratio (DPR) is presently -33.33%.

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Several research analysts recently commented on the stock. Royal Bank Of Canada set a $40.00 price objective on shares of Newmont Mining Corporation and gave the stock a “hold” rating in a research note on Monday, June 12th. BidaskClub upgraded shares of Newmont Mining Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Raymond James Financial, Inc. assumed coverage on shares of Newmont Mining Corporation in a research note on Thursday, June 15th. They set an “outperform” rating and a $43.00 price objective for the company. TD Securities boosted their price objective on shares of Newmont Mining Corporation from $36.00 to $50.00 and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Finally, Zacks Investment Research upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Newmont Mining Corporation presently has an average rating of “Buy” and a consensus target price of $40.96.

In other news, EVP E Randall Engel sold 5,700 shares of Newmont Mining Corporation stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $37.11, for a total value of $211,527.00. Following the transaction, the executive vice president now directly owns 251,100 shares of the company’s stock, valued at approximately $9,318,321. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary J. Goldberg sold 1,000 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 transaction of $31,800.00. Following the completion of the transaction, the insider now directly owns 334,730 shares in the company, valued at $10,644,414. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,457 shares of company stock worth $526,861. 0.32% of the stock is owned by corporate 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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