Hexavest Inc. raised its stake in Newmont Mining Corp (NYSE:NEM) by 860.7% during the first quarter, Holdings Channel reports. The institutional investor owned 1,198,299 shares of the basic materials company’s stock after buying an additional 1,073,561 shares during the period. Hexavest Inc. owned 0.23% of Newmont Mining Corp worth $39,496,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in NEM. Alpha Cubed Investments LLC acquired a new stake in shares of Newmont Mining Corp during the third quarter valued at about $270,000. Exane Derivatives increased its stake in shares of Newmont Mining Corp by 32.7% in the third quarter. Exane Derivatives now owns 23,848 shares of the basic materials company’s stock valued at $937,000 after buying an additional 5,879 shares in the last quarter. Carmignac Gestion increased its stake in shares of Newmont Mining Corp by 3.0% in the third quarter. Carmignac Gestion now owns 13,476,198 shares of the basic materials company’s stock valued at $529,480,000 after buying an additional 396,300 shares in the last quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new stake in shares of Newmont Mining Corp during the third quarter valued at about $1,223,000. Finally, Neville Rodie & Shaw Inc. increased its stake in shares of Newmont Mining Corp by 3.0% in the third quarter. Neville Rodie & Shaw Inc. now owns 34,100 shares of the basic materials company’s stock valued at $1,340,000 after buying an additional 1,000 shares in the last quarter. 82.02% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Newmont Mining Corp (NYSE:NEM) traded up 0.45% on Thursday, hitting $33.67. The stock had a trading volume of 6,495,953 shares. Newmont Mining Corp has a one year low of $30.19 and a one year high of $46.07. The stock’s market capitalization is $17.88 billion. The firm’s 50 day moving average is $33.68 and its 200-day moving average is $34.53.

Newmont Mining Corp (NYSE:NEM) last posted its earnings results on Tuesday, February 21st. The basic materials company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.31 by $0.06. Newmont Mining Corp had a negative net margin of 6.99% and a positive return on equity of 4.94%. The firm earned $1.79 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company posted $0.04 EPS. Newmont Mining Corp’s revenue for the quarter was up 23.2% compared to the same quarter last year. Equities research analysts expect that Newmont Mining Corp will post $1.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 8th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, June 6th. Newmont Mining Corp’s payout ratio is -19.42%.

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NEM has been the subject of several research analyst reports. Vetr downgraded Newmont Mining Corp from a “buy” rating to a “hold” rating and set a $33.23 price objective for the company. in a research note on Monday, December 26th. Standpoint Research raised Newmont Mining Corp from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Thursday, December 29th. Zacks Investment Research downgraded Newmont Mining Corp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 10th. Scotiabank downgraded Newmont Mining Corp from an “outperform” rating to a “sector perform” rating and set a $42.00 price target for the company. in a research note on Tuesday, January 10th. Finally, FBR & Co reaffirmed a “hold” rating on shares of Newmont Mining Corp in a research note on Thursday, February 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $39.96.

In other news, EVP Scott P. Lawson sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $35.83, for a total value of $53,745.00. Following the transaction, the executive vice president now owns 43,295 shares of the company’s stock, valued at $1,551,259.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William N. Macgowan sold 2,006 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $36.31, for a total value of $72,837.86. Following the completion of the transaction, the executive vice president now directly owns 91,462 shares in the company, valued at approximately $3,320,985.22. The disclosure for this sale can be found here. Insiders sold 20,257 shares of company stock worth $703,968 in the last ninety days. 0.22% of the stock is owned by company insiders.

Newmont Mining Corp 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.

5 Day Chart for NYSE:NEM

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