Newmont Mining Corporation (NYSE:NEM) COO Thomas Ronald Palmer sold 1,250 shares of Newmont Mining Corporation stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $36.44, for a total value of $45,550.00. Following the transaction, the chief operating officer now directly owns 86,862 shares of the company’s stock, valued at approximately $3,165,251.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Thomas Ronald Palmer also recently made the following trade(s):

  • On Monday, October 2nd, Thomas Ronald Palmer sold 1,250 shares of Newmont Mining Corporation stock. The shares were sold at an average price of $37.35, for a total value of $46,687.50.
  • On Friday, September 1st, Thomas Ronald Palmer sold 1,250 shares of Newmont Mining Corporation stock. The shares were sold at an average price of $38.60, for a total value of $48,250.00.

Shares of Newmont Mining Corporation (NYSE:NEM) traded up $0.35 during trading on Friday, hitting $36.04. The company had a trading volume of 3,428,045 shares, compared to its average volume of 4,160,000. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.58 and a current ratio of 4.18. The company has a market capitalization of $19.22 billion, a P/E ratio of 26.25 and a beta of 0.11. Newmont Mining Corporation has a one year low of $30.19 and a one 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 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.86 billion. Newmont Mining Corporation had a return on equity of 6.20% and a net margin of 1.18%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 earnings per share. equities analysts predict that Newmont Mining Corporation will post 1.43 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 8th will be issued a dividend of $0.075 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.83%. Newmont Mining Corporation’s dividend payout ratio is presently 42.86%.

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Several research analysts have recently commented on the company. Zacks Investment Research raised 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 Wednesday, October 18th. Royal Bank Of Canada set a $41.00 price objective on Newmont Mining Corporation and gave the stock a “hold” rating in a report on Monday, August 28th. TheStreet raised Newmont Mining Corporation from a “c+” rating to a “b” rating in a report on Wednesday, October 11th. Credit Suisse Group set a $45.00 price objective on Newmont Mining Corporation and gave the stock a “buy” rating in a report on Tuesday, July 18th. Finally, TD Securities boosted their price objective on Newmont Mining Corporation from $36.00 to $50.00 and gave the stock a “hold” rating in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $40.50.

Several institutional investors have recently made changes to their positions in NEM. Janus Henderson Group PLC raised its holdings in shares of Newmont Mining Corporation by 7,145.7% during the second quarter. Janus Henderson Group PLC now owns 5,273,545 shares of the basic materials company’s stock valued at $170,812,000 after acquiring an additional 5,200,763 shares in the last quarter. Flossbach Von Storch AG raised its holdings in Newmont Mining Corporation by 29.2% in the second quarter. Flossbach Von Storch AG now owns 7,873,186 shares of the basic materials company’s stock worth $255,012,000 after purchasing an additional 1,780,593 shares in the last quarter. Vanguard Group Inc. raised its holdings in Newmont Mining Corporation by 2.6% in the second quarter. Vanguard Group Inc. now owns 54,285,832 shares of the basic materials company’s stock worth $1,758,317,000 after purchasing an additional 1,360,916 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Newmont Mining Corporation in the third quarter worth $44,652,000. Finally, FMR LLC raised its holdings in Newmont Mining Corporation by 24.6% in the second quarter. FMR LLC now owns 4,964,974 shares of the basic materials company’s stock worth $160,816,000 after purchasing an additional 979,529 shares in the last quarter. Institutional investors own 80.00% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Newmont Mining Corporation (NYSE:NEM)

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