Systematic Financial Management LP purchased a new position in Newmont Mining Corporation (NYSE:NEM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 398,718 shares of the basic materials company’s stock, valued at approximately $14,956,000. Systematic Financial Management LP owned about 0.07% of Newmont Mining Corporation as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Smith Affiliated Capital Corp. lifted its stake in Newmont Mining Corporation by 8.6% in the second 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 during the last quarter. Sun Life Financial INC lifted its stake in Newmont Mining Corporation by 43,144.4% in the second quarter. Sun Life Financial INC now owns 3,892 shares of the basic materials company’s stock worth $126,000 after acquiring an additional 3,883 shares during the last quarter. Parametrica Management Ltd purchased a new position in Newmont Mining Corporation in the third quarter worth approximately $222,000. Timber Hill LLC purchased a new position in Newmont Mining Corporation in the third quarter worth approximately $260,000. Finally, Veritable L.P. lifted its stake in Newmont Mining Corporation by 4.6% in the second quarter. Veritable L.P. now owns 8,473 shares of the basic materials company’s stock worth $274,000 after acquiring an additional 370 shares during the last quarter. Institutional investors own 80.11% of the company’s stock.

In other news, COO Thomas Ronald Palmer sold 1,250 shares of Newmont Mining Corporation stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $36.44, for a total value of $45,550.00. Following the transaction, the chief operating officer now directly owns 86,862 shares of the company’s stock, valued at approximately $3,165,251.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP E Randall Engel sold 5,700 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $36.44, for a total transaction of $207,708.00. Following the completion of the transaction, the executive vice president now directly owns 122,178 shares in the company, valued at $4,452,166.32. The disclosure for this sale can be found here. Insiders sold a total of 27,700 shares of company stock worth $1,042,103 over the last ninety days. Corporate insiders own 0.32% of the company’s stock.

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Shares of Newmont Mining Corporation (NYSE NEM) traded up $0.04 during trading on Wednesday, hitting $36.37. 4,109,700 shares of the stock were exchanged, compared to its average volume of 5,434,585. The firm has a market cap of $19,400.00, a PE ratio of 26.14 and a beta of 0.11. Newmont Mining Corporation has a fifty-two week low of $30.40 and a fifty-two week high of $39.63. The company has a quick ratio of 3.58, a current ratio of 4.18 and a debt-to-equity ratio of 0.33.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 8th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.82%. Newmont Mining Corporation’s payout ratio is 42.86%.

A number of research analysts recently issued reports on NEM shares. TheStreet upgraded shares of Newmont Mining Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, October 11th. Zacks Investment Research upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Monday, July 31st. Argus upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Thursday, July 27th. BMO Capital Markets set a $40.00 price target on shares of Newmont Mining Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Finally, FBR & Co set a $40.00 price target on shares of Newmont Mining Corporation and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $40.83.

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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