HBK Investments L P purchased a new stake in shares of Newmont Mining Corp (NYSE:NEM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 195,694 shares of the basic materials company’s stock, valued at approximately $7,342,000.
Other large investors have also made changes to their positions in the company. Timber Hill LLC bought a new position in shares of Newmont Mining during the third quarter valued at $260,000. Commonwealth Bank of Australia lifted its holdings in shares of Newmont Mining by 5.7% during the third quarter. Commonwealth Bank of Australia now owns 433,082 shares of the basic materials company’s stock valued at $16,239,000 after purchasing an additional 23,286 shares in the last quarter. Cohen & Steers Inc. lifted its holdings in shares of Newmont Mining by 53.4% during the third quarter. Cohen & Steers Inc. now owns 108,616 shares of the basic materials company’s stock valued at $4,074,000 after purchasing an additional 37,813 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Newmont Mining by 2.3% during the third quarter. Asset Management One Co. Ltd. now owns 974,348 shares of the basic materials company’s stock valued at $36,554,000 after purchasing an additional 22,325 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Newmont Mining by 19.0% during the third quarter. KBC Group NV now owns 77,494 shares of the basic materials company’s stock valued at $2,907,000 after purchasing an additional 12,359 shares in the last quarter. 82.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Newmont Mining Corp (NYSE NEM) opened at $38.22 on Wednesday. The company has a market capitalization of $20,261.37, a price-to-earnings ratio of -212.32 and a beta of 0.29. The company has a current ratio of 3.63, a quick ratio of 3.14 and a debt-to-equity ratio of 0.35. Newmont Mining Corp has a 1 year low of $31.42 and a 1 year high of $42.04.
Newmont Mining (NYSE:NEM) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Newmont Mining had a positive return on equity of 6.52% and a negative net margin of 1.33%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 earnings per share. equities analysts forecast that Newmont Mining Corp will post 1.43 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be given a $0.14 dividend. This is a boost from Newmont Mining’s previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, March 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.47%. Newmont Mining’s dividend payout ratio is presently -311.09%.
A number of research analysts have recently issued reports on the company. TheStreet downgraded Newmont Mining from a “b-” rating to a “c+” rating in a report on Monday. Zacks Investment Research raised Newmont Mining from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Friday, February 9th. BMO Capital Markets set a $45.00 price target on Newmont Mining and gave the company a “buy” rating in a report on Tuesday, November 14th. B. Riley upped their price objective on Newmont Mining from $40.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Finally, Citigroup upped their price objective on Newmont Mining from $37.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Newmont Mining currently has an average rating of “Hold” and an average price target of $42.57.
In other Newmont Mining news, EVP E Randall Engel sold 5,700 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $40.23, for a total value of $229,311.00. Following the completion of the sale, the executive vice president now owns 239,700 shares in the company, valued at $9,643,131. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Gary J. Goldberg sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $40.23, for a total value of $40,230.00. Following the completion of the sale, the insider now owns 156,096 shares of the company’s stock, valued at approximately $6,279,742.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,700 shares of company stock valued at $1,242,786. Company insiders own 0.32% of the company’s stock.
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.
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