Alps Advisors Inc. cut its position in shares of Newmont Mining Corporation (NYSE:NEM) by 68.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 222,427 shares of the basic materials company’s stock after selling 487,554 shares during the quarter. Alps Advisors Inc.’s holdings in Newmont Mining Corporation were worth $8,343,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Newmont Mining Corporation by 2.6% during the second quarter. Vanguard Group Inc. now owns 54,285,832 shares of the basic materials company’s stock worth $1,758,317,000 after purchasing an additional 1,360,916 shares during the last quarter. Carmignac Gestion boosted its holdings in Newmont Mining Corporation by 4.9% during the second quarter. Carmignac Gestion now owns 14,204,881 shares of the basic materials company’s stock worth $460,096,000 after purchasing an additional 659,183 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Newmont Mining Corporation by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 9,445,025 shares of the basic materials company’s stock worth $305,925,000 after purchasing an additional 309,739 shares during the last quarter. APG Asset Management N.V. boosted its holdings in Newmont Mining Corporation by 6.4% during the second quarter. APG Asset Management N.V. now owns 8,933,153 shares of the basic materials company’s stock worth $289,345,000 after purchasing an additional 534,550 shares during the last quarter. Finally, Flossbach Von Storch AG boosted its holdings in Newmont Mining Corporation by 29.2% during the second quarter. Flossbach Von Storch AG now owns 7,873,186 shares of the basic materials company’s stock worth $255,012,000 after purchasing an additional 1,780,593 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Newmont Mining Corporation (NYSE:NEM) traded down $0.36 during midday trading on Friday, hitting $35.52. 4,614,299 shares of the stock traded hands, compared to its average volume of 4,473,756. Newmont Mining Corporation has a one year low of $30.19 and a one year high of $39.63. The company has a current ratio of 4.18, a quick ratio of 3.58 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $19,136.11, a price-to-earnings ratio of 25.81 and a beta of 0.11.

Newmont Mining Corporation (NYSE:NEM) last posted its earnings results on Thursday, October 26th. The basic materials company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.86 billion. Newmont Mining Corporation had a net margin of 1.18% and a return on equity of 6.20%. Newmont Mining Corporation’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 EPS. equities research analysts expect that Newmont Mining Corporation will post 1.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 8th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, December 7th. Newmont Mining Corporation’s dividend payout ratio (DPR) is presently 200.00%.

In related news, COO Thomas Ronald Palmer sold 1,250 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $36.44, for a total transaction of $45,550.00. Following the sale, the chief operating officer now owns 86,862 shares of the company’s stock, valued at approximately $3,165,251.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary J. Goldberg sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $38.60, for a total transaction of $38,600.00. Following the sale, the insider now directly owns 334,730 shares in the company, valued at approximately $12,920,578. The disclosure for this sale can be found here. Insiders have sold a total of 27,700 shares of company stock worth $1,042,103 in the last ninety days. 0.32% of the stock is currently owned by insiders.

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Several research analysts recently weighed in on NEM shares. Zacks Investment Research upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, October 18th. Royal Bank Of Canada set a $41.00 price objective on shares of Newmont Mining Corporation and gave the stock a “hold” rating in a research report on Monday, August 28th. TheStreet raised shares of Newmont Mining Corporation from a “c+” rating to a “b” rating in a research report on Wednesday, October 11th. Credit Suisse Group set a $45.00 price objective on shares of Newmont Mining Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Finally, TD Securities lifted their price objective on shares of Newmont Mining Corporation from $36.00 to $50.00 and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $40.50.

About Newmont Mining Corporation

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.

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

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