Newmont Mining Corp (NYSE:NEM) insider Gary J. Goldberg sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $38.06, for a total transaction of $38,060.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Newmont Mining Corp (NYSE:NEM) traded down $0.03 during midday trading on Wednesday, hitting $38.19. The company had a trading volume of 3,400,000 shares, compared to its average volume of 6,170,000. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.14 and a current ratio of 3.63. Newmont Mining Corp has a 52-week low of $31.42 and a 52-week high of $42.04. The firm has a market cap of $20,370.00, a P/E ratio of 31.83 and a beta of 0.29.
Newmont Mining (NYSE:NEM) last released its earnings results on Thursday, February 22nd. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. Newmont Mining had a positive return on equity of 6.52% and a negative net margin of 1.33%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the firm earned $0.25 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. sell-side analysts predict that Newmont Mining Corp will post 1.43 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.47%. This is an increase from Newmont Mining’s previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, March 7th. Newmont Mining’s dividend payout ratio is presently 46.67%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NEM. Nationwide Fund Advisors increased its position in shares of Newmont Mining by 4.3% in the 3rd quarter. Nationwide Fund Advisors now owns 363,349 shares of the basic materials company’s stock valued at $13,629,000 after acquiring an additional 14,861 shares during the period. First Trust Advisors LP boosted its holdings in Newmont Mining by 0.9% in the third quarter. First Trust Advisors LP now owns 257,659 shares of the basic materials company’s stock valued at $9,665,000 after purchasing an additional 2,277 shares during the last quarter. Korea Investment CORP boosted its holdings in Newmont Mining by 94.0% in the third quarter. Korea Investment CORP now owns 33,426 shares of the basic materials company’s stock valued at $1,254,000 after purchasing an additional 16,200 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Newmont Mining in the third quarter valued at $2,087,000. Finally, Parametrica Management Ltd purchased a new stake in Newmont Mining in the third quarter valued at $222,000. 82.31% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the stock. TheStreet downgraded shares of Newmont Mining from a “b-” rating to a “c+” rating in a research note on Monday. Royal Bank of Canada reissued a “hold” rating and issued a $43.00 price objective on shares of Newmont Mining in a research note on Tuesday, December 5th. Scotiabank set a $48.00 price objective on shares of Newmont Mining and gave the stock a “buy” rating in a research note on Monday, January 15th. BMO Capital Markets reissued a “buy” rating and issued a $43.00 price objective on shares of Newmont Mining in a research note on Wednesday, December 20th. Finally, Zacks Investment Research downgraded Newmont Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $42.57.
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Newmont Mining Company 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.
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