New Mexico Educational Retirement Board decreased its position in Newmont Mining Corporation (NYSE:NEM) by 8.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,580 shares of the basic materials company’s stock after selling 4,300 shares during the period. New Mexico Educational Retirement Board’s holdings in Newmont Mining Corporation were worth $1,843,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Personal Capital Advisors Corp bought a new stake in shares of Newmont Mining Corporation during the first quarter valued at approximately $408,000. Mn Services Vermogensbeheer B.V. raised its stake in shares of Newmont Mining Corporation by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 14,155 shares of the basic materials company’s stock valued at $436,000 after buying an additional 556 shares during the period. Global Thematic Partners LLC raised its stake in shares of Newmont Mining Corporation by 27.4% in the first quarter. Global Thematic Partners LLC now owns 3,169,749 shares of the basic materials company’s stock valued at $104,474,000 after buying an additional 682,390 shares during the period. James Investment Research Inc. raised its stake in shares of Newmont Mining Corporation by 0.5% in the first quarter. James Investment Research Inc. now owns 762,517 shares of the basic materials company’s stock valued at $25,133,000 after buying an additional 3,530 shares during the period. Finally, Retirement Systems of Alabama raised its stake in shares of Newmont Mining Corporation by 1.2% in the first quarter. Retirement Systems of Alabama now owns 464,072 shares of the basic materials company’s stock valued at $15,296,000 after buying an additional 5,354 shares during the period. Institutional investors own 81.85% of the company’s stock.

Shares of Newmont Mining Corporation (NYSE:NEM) opened at 36.53 on Friday. The company’s 50 day moving average is $34.49 and its 200 day moving average is $34.32. Newmont Mining Corporation has a 12 month low of $30.19 and a 12 month high of $45.45. The company’s market cap is $19.48 billion.

Newmont Mining Corporation (NYSE:NEM) last posted its earnings results 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 company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. Newmont Mining Corporation’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities research analysts predict that Newmont Mining Corporation will post $1.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be given a dividend of $0.075 per share. This is a boost from Newmont Mining Corporation’s previous quarterly dividend of $0.05. The ex-dividend date is Wednesday, September 13th. This represents a $0.30 dividend on an annualized basis and a yield of 0.82%. Newmont Mining Corporation’s dividend payout ratio is presently -22.22%.

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NEM has been the subject of several research analyst reports. Deutsche Bank AG restated a “buy” rating and issued a $42.00 price objective (down from $44.00) on shares of Newmont Mining Corporation in a report on Sunday, June 25th. BMO Capital Markets raised their price objective on shares of Newmont Mining Corporation to $54.00 and gave the stock a “buy” rating in a report on Thursday, May 11th. Credit Suisse Group restated a “buy” rating on shares of Newmont Mining Corporation in a report on Thursday, April 27th. Argus upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Thursday, July 27th. Finally, Zacks Investment Research upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $41.73.

In related news, EVP E Randall Engel sold 5,700 shares of the 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 completion of the sale, the executive vice president now owns 251,100 shares of the company’s stock, valued at $9,318,321. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gary J. Goldberg sold 1,000 shares of the 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 $37,110.00. Following the sale, the insider now directly owns 334,730 shares of the company’s stock, valued at approximately $12,421,830.30. The disclosure for this sale can be found here. Insiders have sold 22,907 shares of company stock valued at $803,461 in the last three months. 0.32% of the stock is currently 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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