Newmont Mining Corporation (NEM) COO Thomas Ronald Palmer Sells 1,250 Shares of Stock
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.
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