Lesa Sroufe & Co cut its position in shares of Newmont Mining Corporation (NYSE:NEM) by 1.4% during the second quarter, Holdings Channel reports. The firm owned 128,359 shares of the basic materials company’s stock after selling 1,811 shares during the period. Newmont Mining Corporation accounts for 3.9% of Lesa Sroufe & Co’s investment portfolio, making the stock its 11th largest position. Lesa Sroufe & Co’s holdings in Newmont Mining Corporation were worth $4,158,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new stake in shares of Newmont Mining Corporation during the first quarter worth about $118,000. Smith Affiliated Capital Corp. increased its stake in shares of Newmont Mining Corporation by 8.6% in the second quarter. Smith Affiliated Capital Corp. now owns 3,800 shares of the basic materials company’s stock worth $123,000 after buying an additional 300 shares during the period. WFG Advisors LP increased its stake in shares of Newmont Mining Corporation by 83.5% in the first quarter. WFG Advisors LP now owns 3,748 shares of the basic materials company’s stock worth $124,000 after buying an additional 1,706 shares during the period. Acrospire Investment Management LLC increased its stake in shares of Newmont Mining Corporation by 88.5% in the first quarter. Acrospire Investment Management LLC now owns 4,900 shares of the basic materials company’s stock worth $162,000 after buying an additional 2,300 shares during the period. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of Newmont Mining Corporation during the first quarter worth about $210,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Shares of Newmont Mining Corporation (NEM) opened at 35.77 on Wednesday. Newmont Mining Corporation has a 52 week low of $30.19 and a 52 week high of $44.70. The stock’s market cap is $19.08 billion. The stock’s 50 day moving average price is $34.61 and its 200 day moving average price is $34.32.

Newmont Mining Corporation (NYSE:NEM) last posted its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.20. Newmont Mining Corporation had a negative net margin of 6.73% and a positive return on equity of 6.67%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the business earned $0.44 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities research analysts anticipate that Newmont Mining Corporation will post $1.34 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, September 13th. This is a positive change from Newmont Mining Corporation’s previous quarterly dividend of $0.05. Newmont Mining Corporation’s dividend payout ratio (DPR) is currently -22.22%.

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NEM has been the subject of a number of recent analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $35.00 price target (down from $37.00) on shares of Newmont Mining Corporation in a report on Friday, July 14th. Deutsche Bank AG reiterated a “buy” rating and set a $42.00 target price (down previously from $44.00) on shares of Newmont Mining Corporation in a research report on Sunday, June 25th. Scotiabank reiterated a “sector perform” rating and set a $58.00 target price on shares of Newmont Mining Corporation in a research report on Tuesday, April 25th. Credit Suisse Group set a $45.00 target price on Newmont Mining Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $39.00 target price on shares of Newmont Mining Corporation in a research report on Tuesday, May 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Newmont Mining Corporation has an average rating of “Buy” and an average price target of $41.73.

In related news, EVP E Randall Engel sold 5,700 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $37.11, for a total transaction of $211,527.00. Following the transaction, the executive vice president now owns 251,100 shares in the company, valued at $9,318,321. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary J. Goldberg sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $31.80, for a total transaction of $31,800.00. Following the transaction, the insider now owns 334,730 shares in the company, valued at approximately $10,644,414. The disclosure for this sale can be found here. Insiders have sold 22,907 shares of company stock worth $803,461 in the last quarter. Company 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.

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

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