Asset Management One Co. Ltd. increased its holdings in shares of Newmont Mining Corp (NYSE:NEM) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 974,348 shares of the basic materials company’s stock after buying an additional 22,325 shares during the quarter. Asset Management One Co. Ltd. owned about 0.18% of Newmont Mining worth $36,554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Newmont Mining by 2.6% during the second quarter. Vanguard Group Inc. now owns 54,285,832 shares of the basic materials company’s stock worth $1,758,317,000 after acquiring an additional 1,360,916 shares during the last quarter. Carmignac Gestion increased its stake in Newmont Mining by 8.0% during the third quarter. Carmignac Gestion now owns 15,346,347 shares of the basic materials company’s stock worth $575,641,000 after acquiring an additional 1,141,466 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Newmont Mining by 12.2% during the third quarter. Bank of New York Mellon Corp now owns 10,596,020 shares of the basic materials company’s stock worth $397,458,000 after acquiring an additional 1,150,995 shares during the last quarter. Flossbach Von Storch AG increased its stake in Newmont Mining by 2.5% during the third quarter. Flossbach Von Storch AG now owns 8,072,121 shares of the basic materials company’s stock worth $302,785,000 after acquiring an additional 198,935 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in Newmont Mining by 7,145.7% during the second quarter. Janus Henderson Group PLC now owns 5,273,545 shares of the basic materials company’s stock worth $170,812,000 after acquiring an additional 5,200,763 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Shares of Newmont Mining Corp (NEM) opened at $35.40 on Friday. Newmont Mining Corp has a 12 month low of $30.40 and a 12 month high of $39.63. The company has a current ratio of 4.18, a quick ratio of 3.58 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $18,880.10, a P/E ratio of 25.47 and a beta of 0.10.

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

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.30 dividend on an annualized basis and a yield of 0.85%. Newmont Mining’s dividend payout ratio (DPR) is presently 200.00%.

In other Newmont Mining news, EVP Scott P. Lawson sold 5,000 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $37.85, for a total transaction of $189,250.00. Following the transaction, the executive vice president now owns 51,696 shares of the company’s stock, valued at approximately $1,956,693.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gary J. Goldberg sold 1,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $37.35, for a total value of $37,350.00. Following the transaction, the insider now directly owns 334,730 shares in the company, valued at approximately $12,502,165.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,700 shares of company stock valued at $1,038,458. 0.32% of the stock is owned by insiders.

Several equities research analysts have commented on NEM shares. BMO Capital Markets set a $40.00 price target on Newmont Mining and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Royal Bank Of Canada set a $41.00 target price on Newmont Mining and gave the company a “hold” rating in a research note on Monday, August 28th. TheStreet upgraded Newmont Mining from a “c+” rating to a “b” rating in a research note on Wednesday, October 11th. Zacks Investment Research upgraded Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, October 18th. Finally, TD Securities set a $42.00 target price on Newmont Mining and gave the company a “hold” rating in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $42.74.

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About Newmont Mining

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 (NYSE:NEM)

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