Dimensional Fund Advisors LP lessened its holdings in Newmont Mining Corp (NYSE:NEM) by 12.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,441,453 shares of the basic materials company’s stock after selling 622,681 shares during the period. Dimensional Fund Advisors LP owned 0.83% of Newmont Mining worth $166,603,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Korea Investment CORP raised its position in Newmont Mining by 746.1% during the second quarter. Korea Investment CORP now owns 17,226 shares of the basic materials company’s stock valued at $558,000 after purchasing an additional 15,190 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Newmont Mining by 4.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,850,678 shares of the basic materials company’s stock valued at $59,944,000 after purchasing an additional 71,462 shares in the last quarter. First Trust Advisors LP raised its position in Newmont Mining by 95.0% during the second quarter. First Trust Advisors LP now owns 255,382 shares of the basic materials company’s stock valued at $8,272,000 after purchasing an additional 124,389 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Newmont Mining by 86.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 356,437 shares of the basic materials company’s stock valued at $11,545,000 after purchasing an additional 165,219 shares in the last quarter. Finally, Dupont Capital Management Corp raised its position in Newmont Mining by 23.4% during the second quarter. Dupont Capital Management Corp now owns 106,617 shares of the basic materials company’s stock valued at $3,453,000 after purchasing an additional 20,215 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Shares of Newmont Mining Corp (NYSE NEM) traded down $0.08 during trading hours on Wednesday, hitting $34.59. The stock had a trading volume of 6,461,200 shares, compared to its average volume of 5,423,102. Newmont Mining Corp has a 52-week low of $30.40 and a 52-week high of $39.63. The company has a market capitalization of $18,490.78, a PE ratio of 24.94 and a beta of 0.10. 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 (NYSE:NEM) last announced its quarterly earnings data 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 had a return on equity of 6.20% and a net margin of 1.18%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the firm earned $0.38 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. research analysts expect that Newmont Mining Corp will post 1.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 8th will be paid a $0.075 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.30 annualized dividend and a dividend yield of 0.87%. Newmont Mining’s payout ratio is presently 200.00%.

A number of equities research analysts have weighed in on NEM shares. TheStreet downgraded Newmont Mining from a “b-” rating to a “c” rating in a research report on Friday, November 17th. Zacks Investment Research upgraded Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, October 18th. Royal Bank of Canada set a $41.00 price target on Newmont Mining and gave the company a “hold” rating in a research report on Monday, August 28th. TD Securities set a $42.00 price target on Newmont Mining and gave the company a “hold” rating in a research report on Thursday, October 19th. Finally, BMO Capital Markets set a $40.00 price target on Newmont Mining and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Newmont Mining presently has an average rating of “Buy” and a consensus price target of $42.74.

In related news, COO Thomas Ronald Palmer sold 1,250 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $36.98, for a total value of $46,225.00. Following the sale, the chief operating officer now directly owns 85,612 shares of the company’s stock, valued at $3,165,931.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP E Randall Engel sold 5,700 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $36.44, for a total value of $207,708.00. Following the completion of the sale, 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 27,700 shares of company stock worth $1,038,458 over the last three months. 0.32% of the stock is owned by insiders.

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Newmont Mining 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.

Institutional Ownership by Quarter for Newmont Mining (NYSE:NEM)

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