Cullen Capital Management LLC held its position in shares of Newmont Mining Corporation (NYSE:NEM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,200 shares of the basic materials company’s stock at the close of the second quarter. Cullen Capital Management LLC’s holdings in Newmont Mining Corporation were worth $751,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MUFG Securities EMEA plc purchased a new position in shares of Newmont Mining Corporation in the second quarter valued at approximately $12,341,000. Boyer & Corporon Wealth Management LLC boosted its stake in shares of Newmont Mining Corporation by 9.4% in the second quarter. Boyer & Corporon Wealth Management LLC now owns 116,703 shares of the basic materials company’s stock valued at $3,780,000 after purchasing an additional 10,048 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Newmont Mining Corporation by 9.6% in the second quarter. Neuberger Berman Group LLC now owns 2,281,035 shares of the basic materials company’s stock valued at $73,883,000 after purchasing an additional 200,466 shares during the period. Vanguard Group Inc. boosted its stake in shares of Newmont Mining Corporation by 3.3% in the first quarter. Vanguard Group Inc. now owns 52,924,916 shares of the basic materials company’s stock valued at $1,744,405,000 after purchasing an additional 1,671,897 shares during the period. Finally, Cypress Capital Group purchased a new position in shares of Newmont Mining Corporation in the first quarter valued at approximately $335,000. 81.07% of the stock is owned by institutional investors and hedge funds.

In other Newmont Mining Corporation news, EVP E Randall Engel sold 5,700 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $37.11, for a total value of $211,527.00. Following the transaction, the executive vice president now owns 251,100 shares of the company’s stock, valued at $9,318,321. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP William N. Macgowan sold 2,007 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $36.59, for a total value of $73,436.13. Following the completion of the transaction, the executive vice president now directly owns 127,178 shares in the company, valued at approximately $4,653,443.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,707 shares of company stock worth $1,120,866. 0.32% of the stock is owned by insiders.

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Newmont Mining Corporation (NYSE:NEM) last announced its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.20. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.77 billion. Newmont Mining Corporation had a positive return on equity of 6.67% and a negative net margin of 6.73%. Newmont Mining Corporation’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 EPS.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 14th were paid a $0.075 dividend. This is a positive change from Newmont Mining Corporation’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, September 13th. This represents a $0.30 annualized dividend and a yield of 0.78%. Newmont Mining Corporation’s payout ratio is currently -33.33%.

Several research analysts have recently commented on NEM shares. TheStreet raised shares of Newmont Mining Corporation from a “c+” rating to a “b” rating in a research note on Wednesday. Zacks Investment Research raised shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Monday, July 31st. Argus raised shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Thursday, July 27th. Deutsche Bank AG reissued a “buy” rating and issued a $42.00 price objective (down previously from $44.00) on shares of Newmont Mining Corporation in a research note on Sunday, June 25th. Finally, Credit Suisse Group set a $45.00 price objective on shares of Newmont Mining Corporation and gave the company a “buy” rating in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $40.96.

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.

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

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