LS Investment Advisors LLC lifted its stake in shares of Newmont Mining Corp (NYSE:NEM) by 21.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,292 shares of the basic materials company’s stock after purchasing an additional 3,426 shares during the quarter. LS Investment Advisors LLC’s holdings in Newmont Mining were worth $724,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Tiedemann Wealth Management LLC grew its holdings in shares of Newmont Mining by 66.5% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 14,862 shares of the basic materials company’s stock valued at $170,000 after purchasing an additional 5,938 shares during the last quarter. Exane Derivatives bought a new stake in shares of Newmont Mining during the 4th quarter valued at approximately $208,000. Parametrica Management Ltd bought a new stake in shares of Newmont Mining during the 3rd quarter valued at approximately $222,000. Tower Bridge Advisors bought a new stake in shares of Newmont Mining during the 4th quarter valued at approximately $242,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Newmont Mining during the 4th quarter valued at approximately $250,000. 81.88% of the stock is currently owned by institutional investors.

Shares of Newmont Mining Corp (NYSE:NEM) opened at $39.00 on Thursday. 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 Corp has a 12 month low of $31.42 and a 12 month high of $42.04. The company has a market cap of $19,744.12, a price-to-earnings ratio of 26.63 and a beta of 0.24.

In other news, EVP Elaine J. Dorward-King sold 10,250 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $36.48, for a total value of $373,920.00. Following the sale, the executive vice president now directly owns 71,864 shares of the company’s stock, valued at approximately $2,621,598.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Thomas Ronald Palmer sold 1,250 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $40.23, for a total transaction of $50,287.50. Following the completion of the sale, the chief operating officer now directly owns 83,112 shares in the company, valued at $3,343,595.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,700 shares of company stock worth $1,050,806. Insiders own 0.32% of the company’s stock.

NEM has been the topic of several research reports. Deutsche Bank lowered shares of Newmont Mining from a “buy” rating to a “hold” rating and decreased their price target for the company from $42.00 to $40.00 in a report on Tuesday, January 16th. TheStreet lowered shares of Newmont Mining from a “b-” rating to a “c” rating in a report on Friday, November 17th. Zacks Investment Research raised shares of Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Wednesday, October 18th. BMO Capital Markets reissued a “buy” rating and set a $43.00 target price on shares of Newmont Mining in a report on Wednesday, December 20th. Finally, TD Securities set a $42.00 target price on shares of Newmont Mining and gave the stock a “hold” rating in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $41.80.

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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.

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

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