D.A. Davidson & CO. lessened its stake in shares of Newmont Mining Co. (NYSE:NEM) by 8.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 15,064 shares of the basic materials company’s stock after selling 1,385 shares during the period. D.A. Davidson & CO.’s holdings in Newmont Mining were worth $589,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC purchased a new stake in Newmont Mining in the fourth quarter worth $6,191,000. Alliancebernstein L.P. increased its stake in Newmont Mining by 120.9% in the fourth quarter. Alliancebernstein L.P. now owns 2,386,160 shares of the basic materials company’s stock worth $89,529,000 after purchasing an additional 1,306,175 shares during the period. American International Group Inc. increased its stake in Newmont Mining by 14.9% in the fourth quarter. American International Group Inc. now owns 182,639 shares of the basic materials company’s stock worth $6,853,000 after purchasing an additional 23,655 shares during the period. QS Investors LLC increased its stake in Newmont Mining by 102.3% in the fourth quarter. QS Investors LLC now owns 35,652 shares of the basic materials company’s stock worth $1,338,000 after purchasing an additional 18,026 shares during the period. Finally, Global Thematic Partners LLC increased its stake in Newmont Mining by 44.2% in the fourth quarter. Global Thematic Partners LLC now owns 4,103,076 shares of the basic materials company’s stock worth $153,947,000 after purchasing an additional 1,258,566 shares during the period. Institutional investors own 83.03% of the company’s stock.

In related news, insider Gary J. Goldberg sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $39.31, for a total transaction of $157,240.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Gary J. Goldberg sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $38.06, for a total value of $38,060.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,500 shares of company stock worth $794,165. 0.36% of the stock is owned by corporate insiders.

A number of analysts have weighed in on the company. TheStreet upgraded Newmont Mining from a “c+” rating to a “b” rating in a research note on Thursday, April 26th. Deutsche Bank increased their target price on Newmont Mining from $40.00 to $41.00 and gave the stock a “hold” rating in a research note on Wednesday, April 11th. Royal Bank of Canada restated a “sell” rating and set a $44.00 price target on shares of Newmont Mining in a research note on Wednesday, April 4th. BMO Capital Markets set a $46.00 price target on Newmont Mining and gave the company a “buy” rating in a research note on Wednesday, March 28th. Finally, Scotiabank restated a “buy” rating and set a $49.00 price target on shares of Newmont Mining in a research note on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $42.93.

Shares of Newmont Mining stock opened at $39.36 on Friday. The firm has a market cap of $21.08 billion, a PE ratio of 26.96 and a beta of 0.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.62 and a current ratio of 4.18. Newmont Mining Co. has a 12 month low of $39.43 and a 12 month high of $39.73.

Newmont Mining (NYSE:NEM) last issued its quarterly earnings data on Thursday, April 26th. The basic materials company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Newmont Mining had a return on equity of 7.01% and a net margin of 0.64%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company earned $0.09 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. sell-side analysts predict that Newmont Mining Co. will post 1.5 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 21st. Investors of record on Thursday, June 7th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, June 6th. Newmont Mining’s payout ratio is currently 38.36%.

Newmont Mining Profile

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold, copper, and silver. Its operations and/or assets are located in the United States, Australia, Peru, Ghana, and Suriname. As of February 22, 2018, the company had proven and probable gold reserves of 68.5 million ounces and an aggregate land position of approximately 23,000 square miles.

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

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