Trutina Financial LLC acquired a new stake in Newmont Mining Corp. (NYSE:NEM) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 57,161 shares of the company’s stock, valued at approximately $2,236,000. Newmont Mining Corp. accounts for about 2.7% of Trutina Financial LLC’s portfolio, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NEM. Anchor Bolt Capital LP purchased a new position in Newmont Mining Corp. during the first quarter valued at $62,435,000. Orbis Allan Gray Ltd bought a new position in shares of Newmont Mining Corp. during the first quarter worth approximately $86,842,000. Natixis boosted its position in shares of Newmont Mining Corp. by 152.9% in the first quarter. Natixis now owns 1,372,022 shares of the company’s stock worth $36,468,000 after buying an additional 829,587 shares during the last quarter. BlackRock Group LTD boosted its position in shares of Newmont Mining Corp. by 19.4% in the first quarter. BlackRock Group LTD now owns 21,285,164 shares of the company’s stock worth $565,760,000 after buying an additional 3,464,169 shares during the last quarter. Finally, AMP Capital Investors Ltd boosted its position in shares of Newmont Mining Corp. by 81.0% in the first quarter. AMP Capital Investors Ltd now owns 280,189 shares of the company’s stock worth $7,495,000 after buying an additional 125,384 shares during the last quarter. Hedge funds and other institutional investors own 80.26% of the company’s stock.

Shares of Newmont Mining Corp. (NYSE:NEM) traded up 0.44% during midday trading on Monday, reaching $38.43. The company’s stock had a trading volume of 5,123,770 shares. The company’s 50-day moving average price is $42.14 and its 200 day moving average price is $35.67. Newmont Mining Corp. has a 12-month low of $15.40 and a 12-month high of $46.07. The company has a market capitalization of $20.39 billion, a P/E ratio of 519.32 and a beta of 0.22.

Newmont Mining Corp. (NYSE:NEM) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.14. Newmont Mining Corp. had a return on equity of 3.89% and a net margin of 0.51%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the business earned $0.26 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. On average, equities research analysts forecast that Newmont Mining Corp. will post $1.81 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. Newmont Mining Corp.’s dividend payout ratio (DPR) is 166.69%.

A number of brokerages recently commented on NEM. Jefferies Group set a $42.00 price target on Newmont Mining Corp. and gave the stock a “hold” rating in a research report on Thursday, July 21st. Citigroup Inc. restated a “buy” rating on shares of Newmont Mining Corp. in a research report on Thursday, August 18th. Zacks Investment Research upgraded Newmont Mining Corp. from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Tuesday, July 26th. Deutsche Bank AG restated a “buy” rating and issued a $49.00 price target on shares of Newmont Mining Corp. in a research report on Wednesday, July 20th. Finally, Vetr upgraded Newmont Mining Corp. from a “buy” rating to a “strong-buy” rating and set a $47.47 price target on the stock in a research report on Wednesday, August 24th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$37.53.

In other news, EVP E Randall Engel sold 8,700 shares of Newmont Mining Corp. stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of C$42.55, for a total value of C$370,185.00. Following the sale, the executive vice president now directly owns 219,389 shares of the company’s stock, valued at C$9,335,001.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott P. Lawson sold 4,700 shares of Newmont Mining Corp. stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of C$40.35, for a total value of C$189,645.00. Following the completion of the sale, the executive vice president now directly owns 46,295 shares in the company, valued at C$1,868,003.25. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

Newmont Mining Corp. Company Profile

Newmont Mining Corporation is a global 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, Indonesia, Ghana and Suriname. Its segments are North America, South America, Asia Pacific and Africa.

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