Mn Services Vermogensbeheer B.V. boosted its stake in Newmont Mining Corporation (NYSE:NEM) by 509.1% during the second quarter, Holdings Channel reports. The firm owned 86,221 shares of the basic materials company’s stock after buying an additional 72,066 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Newmont Mining Corporation were worth $2,793,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NEM. Vanguard Group Inc. raised its stake in 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 buying an additional 1,671,897 shares during the period. Van ECK Associates Corp raised its stake in Newmont Mining Corporation by 4.8% in the first quarter. Van ECK Associates Corp now owns 36,170,799 shares of the basic materials company’s stock valued at $1,192,190,000 after buying an additional 1,656,051 shares during the period. Bank of New York Mellon Corp raised its stake in Newmont Mining Corporation by 55.8% in the first quarter. Bank of New York Mellon Corp now owns 9,135,286 shares of the basic materials company’s stock valued at $301,099,000 after buying an additional 3,273,420 shares during the period. APG Asset Management N.V. raised its stake in Newmont Mining Corporation by 8.9% in the first quarter. APG Asset Management N.V. now owns 8,398,603 shares of the basic materials company’s stock valued at $276,818,000 after buying an additional 689,500 shares during the period. Finally, Flossbach Von Storch AG raised its stake in Newmont Mining Corporation by 81.7% in the first quarter. Flossbach Von Storch AG now owns 6,092,593 shares of the basic materials company’s stock valued at $200,812,000 after buying an additional 2,739,440 shares during the period. Hedge funds and other institutional investors own 81.71% of the company’s stock.

Newmont Mining Corporation (NEM) opened at 33.30 on Monday. The stock’s market cap is $17.76 billion. Newmont Mining Corporation has a 12 month low of $30.19 and a 12 month high of $46.07. The stock has a 50 day moving average of $33.74 and a 200-day moving average of $34.13.

Newmont Mining Corporation (NYSE:NEM) last issued its earnings results on Monday, April 24th. The basic materials company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Newmont Mining Corporation had a negative net margin of 8.70% and a positive return on equity of 6.24%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. On average, equities analysts forecast that Newmont Mining Corporation will post $1.13 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 22nd. Investors of record on Thursday, June 8th were issued a $0.05 dividend. The ex-dividend date was Tuesday, June 6th. This represents a $0.20 annualized dividend and a yield of 0.60%. Newmont Mining Corporation’s dividend payout ratio (DPR) is -16.81%.

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A number of equities research analysts recently weighed in on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $35.00 price objective (down previously from $37.00) on shares of Newmont Mining Corporation in a report on Friday. BMO Capital Markets reiterated a “buy” rating and set a $40.00 price objective on shares of Newmont Mining Corporation in a report on Friday, April 21st. Deutsche Bank AG reiterated a “buy” rating and set a $42.00 price objective (down previously from $44.00) on shares of Newmont Mining Corporation in a report on Sunday, June 25th. Royal Bank Of Canada reiterated a “hold” rating and set a $39.00 price objective on shares of Newmont Mining Corporation in a report on Tuesday, May 30th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $47.00 price objective on shares of Newmont Mining Corporation in a report on Wednesday, June 14th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $41.15.

In related news, EVP Scott P. Lawson sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $33.70, for a total value of $50,550.00. Following the sale, the executive vice president now owns 61,696 shares of the company’s stock, valued at $2,079,155.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Thomas Ronald Palmer sold 1,250 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 $39,750.00. Following the completion of the sale, the chief operating officer now directly owns 91,862 shares in the company, valued at approximately $2,921,211.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,450 shares of company stock worth $519,220. 0.32% of the stock is owned by corporate insiders.

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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