Korea Investment CORP lifted its position in shares of Newmont Mining Corporation (NYSE:NEM) by 94.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,426 shares of the basic materials company’s stock after buying an additional 16,200 shares during the quarter. Korea Investment CORP’s holdings in Newmont Mining Corporation were worth $1,254,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEM. HighTower Advisors LLC lifted its stake in shares of Newmont Mining Corporation by 36.8% during the 1st quarter. HighTower Advisors LLC now owns 21,526 shares of the basic materials company’s stock valued at $707,000 after buying an additional 5,791 shares in the last quarter. DnB Asset Management AS lifted its stake in shares of Newmont Mining Corporation by 1.9% during the 2nd quarter. DnB Asset Management AS now owns 65,727 shares of the basic materials company’s stock valued at $2,129,000 after buying an additional 1,200 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of Newmont Mining Corporation by 2.9% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 42,033 shares of the basic materials company’s stock valued at $1,361,000 after buying an additional 1,199 shares in the last quarter. Neville Rodie & Shaw Inc. lifted its stake in shares of Newmont Mining Corporation by 2.1% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 24,600 shares of the basic materials company’s stock valued at $797,000 after buying an additional 500 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in shares of Newmont Mining Corporation by 40.1% during the 2nd quarter. Bank of Montreal Can now owns 2,780,786 shares of the basic materials company’s stock valued at $90,070,000 after buying an additional 795,742 shares in the last quarter. Institutional investors own 80.09% of the company’s stock.

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A number of research firms recently weighed in on NEM. BidaskClub upgraded shares of Newmont Mining Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Royal Bank Of Canada restated a “hold” rating and set a $40.00 target price on shares of Newmont Mining Corporation in a research note on Tuesday, July 18th. TD Securities lifted their target price on shares of Newmont Mining Corporation from $36.00 to $50.00 and gave the company a “hold” rating in a research note on Wednesday, July 26th. Zacks Investment Research upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Monday, July 31st. Finally, FBR & Co set a $40.00 target price on shares of Newmont Mining Corporation and gave the company a “hold” rating in a research note on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $40.50.

Shares of Newmont Mining Corporation (NYSE NEM) opened at $36.37 on Tuesday. 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 stock has a market cap of $19,221.45, a PE ratio of 25.93 and a beta of 0.11. Newmont Mining Corporation has a 1 year low of $30.19 and a 1 year high of $39.62.

Newmont Mining Corporation (NYSE:NEM) last announced its earnings results on Thursday, October 26th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Newmont Mining Corporation had a net margin of 1.18% and a return on equity of 6.20%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. sell-side analysts anticipate that Newmont Mining Corporation will post 1.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 8th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, December 7th. Newmont Mining Corporation’s dividend payout ratio is 200.00%.

In other news, insider Gary J. Goldberg sold 1,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP E Randall Engel sold 5,700 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $36.44, for a total transaction of $207,708.00. Following the transaction, the executive vice president now owns 122,178 shares in the company, valued at $4,452,166.32. 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 over the last 90 days. Corporate insiders own 0.32% of the company’s stock.

Newmont Mining Corporation Company 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.

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

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