Newmont Mining Corporation (NYSE:NEM) COO Thomas Ronald Palmer sold 1,250 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $37.35, for a total transaction of $46,687.50. Following the completion of the transaction, the chief operating officer now directly owns 88,112 shares in the company, valued at $3,290,983.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • 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 transaction of $48,250.00.
  • On Tuesday, August 1st, Thomas Ronald Palmer sold 1,250 shares of Newmont Mining Corporation stock. The shares were sold at an average price of $37.11, for a total transaction of $46,387.50.

Shares of Newmont Mining Corporation (NEM) traded up 0.92% during trading on Tuesday, hitting $38.23. 2,657,977 shares of the stock traded hands. The company’s 50 day moving average is $37.70 and its 200 day moving average is $34.93. The firm’s market cap is $20.39 billion. Newmont Mining Corporation has a 52-week low of $30.19 and a 52-week high of $39.63.

Newmont Mining Corporation (NYSE:NEM) last posted its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.20. Newmont Mining Corporation had a positive return on equity of 6.67% and a negative net margin of 6.73%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts predict that Newmont Mining Corporation will post $1.38 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.78%. This is an increase from Newmont Mining Corporation’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, September 13th. Newmont Mining Corporation’s dividend payout ratio (DPR) is -33.33%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in NEM. Vanguard Group Inc. grew its holdings in shares of Newmont Mining Corporation by 2.6% during the 2nd 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 during the period. Van ECK Associates Corp increased its position in Newmont Mining Corporation by 4.8% during the 1st quarter. Van ECK Associates Corp now owns 36,170,799 shares of the basic materials company’s stock worth $1,192,190,000 after purchasing an additional 1,656,051 shares in the last quarter. Carmignac Gestion increased its position in Newmont Mining Corporation by 4.9% during the 2nd quarter. Carmignac Gestion now owns 14,204,881 shares of the basic materials company’s stock worth $460,096,000 after purchasing an additional 659,183 shares in the last quarter. Bank of New York Mellon Corp increased its position in Newmont Mining Corporation by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,445,025 shares of the basic materials company’s stock worth $305,925,000 after purchasing an additional 309,739 shares in the last quarter. Finally, APG Asset Management N.V. increased its position in Newmont Mining Corporation by 6.4% during the 2nd quarter. APG Asset Management N.V. now owns 8,933,153 shares of the basic materials company’s stock worth $289,345,000 after purchasing an additional 534,550 shares in the last quarter. 81.08% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on NEM. Jefferies Group LLC reissued a “hold” rating and issued a $35.00 target price (down from $37.00) on shares of Newmont Mining Corporation in a research note on Friday, July 14th. Deutsche Bank AG restated a “buy” rating and issued a $42.00 price target (down from $44.00) on shares of Newmont Mining Corporation in a research report on Sunday, June 25th. Credit Suisse Group set a $45.00 price target on Newmont Mining Corporation and gave the company a “buy” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada set a $41.00 price target on Newmont Mining Corporation and gave the company a “hold” rating in a report on Monday, August 28th. Finally, BidaskClub cut Newmont Mining Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $40.96.

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.

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

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