Janney Montgomery Scott LLC Decreases Stake in Newmont Mining Corp (NEM)
Janney Montgomery Scott LLC lowered its position in shares of Newmont Mining Corp (NYSE:NEM) by 12.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 35,848 shares of the basic materials company’s stock after selling 5,174 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Newmont Mining were worth $1,345,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Sun Life Financial INC lifted its position in Newmont Mining by 43,144.4% during the 2nd quarter. Sun Life Financial INC now owns 3,892 shares of the basic materials company’s stock worth $126,000 after acquiring an additional 3,883 shares in the last quarter. Tiedemann Wealth Management LLC lifted its position in Newmont Mining by 66.5% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 14,862 shares of the basic materials company’s stock worth $170,000 after acquiring an additional 5,938 shares in the last quarter. Parametrica Management Ltd acquired a new position in Newmont Mining during the 3rd quarter worth approximately $222,000. Timber Hill LLC acquired a new position in Newmont Mining during the 3rd quarter worth approximately $260,000. Finally, Veritable L.P. lifted its position in Newmont Mining by 4.6% during the 2nd quarter. Veritable L.P. now owns 8,473 shares of the basic materials company’s stock worth $274,000 after acquiring an additional 370 shares in the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.
In other news, EVP E Randall Engel sold 5,700 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $36.44, for a total value of $207,708.00. Following the completion of the sale, the executive vice president now owns 122,178 shares in the company, valued at $4,452,166.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gary J. Goldberg sold 1,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $36.98, for a total value of $36,980.00. Following the completion of the sale, the insider now owns 334,730 shares of the company’s stock, valued at approximately $12,378,315.40. The disclosure for this sale can be found here. In the last three months, insiders sold 17,450 shares of company stock valued at $646,191. Company insiders own 0.32% of the company’s stock.
Newmont Mining Corp (NYSE NEM) opened at $36.61 on Thursday. The company has a market capitalization of $19,386.78, a price-to-earnings ratio of 26.15 and a beta of 0.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.58 and a current ratio of 4.18. Newmont Mining Corp has a 52 week low of $31.24 and a 52 week high of $39.63.
Newmont Mining (NYSE:NEM) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. Newmont Mining had a return on equity of 6.20% and a net margin of 1.18%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. analysts anticipate that Newmont Mining Corp will post 1.44 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 8th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.30 annualized dividend and a dividend yield of 0.82%. Newmont Mining’s payout ratio is 200.00%.
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Newmont Mining 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.
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