Newmont Mining Corporation (NEM) Shares Sold by Commonwealth Equity Services Inc
Commonwealth Equity Services Inc decreased its stake in Newmont Mining Corporation (NYSE:NEM) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,747 shares of the basic materials company’s stock after selling 2,209 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Newmont Mining Corporation were worth $2,053,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smith Affiliated Capital Corp. grew its position in shares of 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 valued at $123,000 after purchasing an additional 300 shares during the period. Sun Life Financial INC lifted its stake in shares of 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 buying an additional 3,883 shares in the last quarter. Parametrica Management Ltd purchased a new position in shares of Newmont Mining Corporation in the third quarter worth about $222,000. Timber Hill LLC purchased a new position in shares of Newmont Mining Corporation in the third quarter worth about $260,000. Finally, Veritable L.P. lifted its stake in shares of 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 buying an additional 370 shares in the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.
In other Newmont Mining Corporation news, COO Thomas Ronald Palmer sold 1,250 shares of Newmont Mining Corporation stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $38.60, for a total transaction of $48,250.00. Following the transaction, the chief operating officer now directly owns 89,362 shares of the company’s stock, valued at $3,449,373.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP E Randall Engel sold 5,700 shares of Newmont Mining Corporation stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $36.44, for a total transaction of $207,708.00. Following 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 have sold 27,700 shares of company stock worth $1,042,103 over the last ninety days. 0.32% of the stock is owned by insiders.
Shares of Newmont Mining Corporation (NYSE:NEM) traded up $0.12 during mid-day trading on Friday, reaching $36.83. 1,000,080 shares of the company’s stock were exchanged, compared to its average volume of 5,428,875. 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 has a one year low of $30.40 and a one year high of $39.63. The stock has a market capitalization of $19,578.78, a P/E ratio of 26.41 and a beta of 0.11.
Newmont Mining Corporation (NYSE:NEM) last issued its earnings results on Thursday, October 26th. The basic materials company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Newmont Mining Corporation had a net margin of 1.18% and a return on equity of 6.20%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm earned $0.38 earnings per share. Newmont Mining Corporation’s quarterly revenue was up 4.9% compared to the same quarter last year. analysts anticipate that Newmont Mining Corporation will post 1.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, December 7th. Newmont Mining Corporation’s dividend payout ratio (DPR) is presently 200.00%.
Several equities analysts have recently weighed in on NEM shares. Zacks Investment Research raised shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, October 18th. Royal Bank Of Canada set a $41.00 price target on shares of Newmont Mining Corporation and gave the stock a “hold” rating in a research note on Monday, August 28th. TheStreet raised shares of Newmont Mining Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, October 11th. 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. Finally, Argus raised shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Newmont Mining Corporation currently has an average rating of “Hold” and an average target price of $40.83.
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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.
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