Teacher Retirement System of Texas raised its holdings in Newmont Mining Corporation (NYSE:NEM) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 293,185 shares of the basic materials company’s stock after buying an additional 1,662 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of Newmont Mining Corporation worth $10,997,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning lifted its stake in shares of Newmont Mining Corporation by 22.3% in the 2nd quarter. Creative Planning now owns 8,761 shares of the basic materials company’s stock valued at $284,000 after purchasing an additional 1,598 shares in the last quarter. LS Investment Advisors LLC lifted its stake in shares of Newmont Mining Corporation by 5.0% in the 2nd quarter. LS Investment Advisors LLC now owns 15,664 shares of the basic materials company’s stock valued at $507,000 after purchasing an additional 741 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Newmont Mining Corporation by 1.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 33,100 shares of the basic materials company’s stock valued at $1,072,000 after purchasing an additional 400 shares in the last quarter. Aperio Group LLC lifted its stake in shares of Newmont Mining Corporation by 22.6% in the 2nd quarter. Aperio Group LLC now owns 272,453 shares of the basic materials company’s stock valued at $8,825,000 after purchasing an additional 50,202 shares in the last quarter. Finally, State Treasurer State of Michigan lifted its stake in shares of Newmont Mining Corporation by 0.4% in the 2nd quarter. State Treasurer State of Michigan now owns 175,255 shares of the basic materials company’s stock valued at $5,677,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Newmont Mining Corporation (NEM) opened at $36.21 on Friday. Newmont Mining Corporation has a 52-week low of $30.40 and a 52-week high of $39.63. The stock has a market capitalization of $19,250.00, a P/E ratio of 26.10 and a beta of 0.11. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.18 and a quick ratio of 3.58.

Newmont Mining Corporation (NYSE:NEM) last announced its earnings results on Thursday, October 26th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. Newmont Mining Corporation had a return on equity of 6.20% and a net margin of 1.18%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company posted $0.38 EPS. Newmont Mining Corporation’s quarterly revenue was up 4.9% on a year-over-year basis. equities research analysts anticipate that Newmont Mining Corporation will post 1.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 8th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Thursday, December 7th. Newmont Mining Corporation’s payout ratio is 42.86%.

Several research firms have recently weighed in on NEM. BMO Capital Markets set a $45.00 price objective on Newmont Mining Corporation and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research lowered Newmont Mining Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. B. Riley reaffirmed a “neutral” rating on shares of Newmont Mining Corporation in a research note on Wednesday, November 1st. FBR & Co set a $40.00 price objective on Newmont Mining Corporation and gave the company a “hold” rating in a research note on Tuesday, October 31st. Finally, TD Securities set a $42.00 price objective on Newmont Mining Corporation and gave the company a “hold” rating in a research note on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $40.83.

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In other Newmont Mining Corporation news, EVP E Randall Engel sold 5,700 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $36.44, for a total value of $207,708.00. Following the transaction, the executive vice president now directly owns 122,178 shares of the company’s stock, valued at approximately $4,452,166.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Thomas Ronald Palmer sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $38.60, for a total value of $48,250.00. Following the completion of the transaction, the chief operating officer now directly owns 89,362 shares in the company, valued at $3,449,373.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,700 shares of company stock worth $1,042,103. 0.32% of the stock is currently owned by corporate insiders.

Newmont Mining Corporation 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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