The Manufacturers Life Insurance Company increased its position in shares of Newmont Mining Corporation (NYSE:NEM) by 11.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 614,233 shares of the basic materials company’s stock after buying an additional 63,186 shares during the period. The Manufacturers Life Insurance Company owned 0.12% of Newmont Mining Corporation worth $19,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Gyroscope Capital Management Group LLC increased its holdings in Newmont Mining Corporation by 43.7% during the second quarter. Gyroscope Capital Management Group LLC now owns 9,910 shares of the basic materials company’s stock worth $321,000 after buying an additional 3,012 shares during the last quarter. Moors & Cabot Inc. increased its holdings in Newmont Mining Corporation by 4.3% during the second quarter. Moors & Cabot Inc. now owns 14,189 shares of the basic materials company’s stock worth $453,000 after buying an additional 589 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in Newmont Mining Corporation by 93.0% during the second quarter. Cubist Systematic Strategies LLC now owns 44,809 shares of the basic materials company’s stock worth $1,451,000 after buying an additional 21,594 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in Newmont Mining Corporation by 60.1% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 572,691 shares of the basic materials company’s stock worth $18,547,000 after buying an additional 214,951 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in 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 worth $170,812,000 after buying an additional 5,200,763 shares during the last quarter. Institutional investors and hedge funds own 81.06% of the company’s stock.

Shares of Newmont Mining Corporation (NYSE:NEM) opened at 37.99 on Tuesday. The company’s market cap is $20.26 billion. The stock has a 50 day moving average of $38.15 and a 200-day moving average of $35.20. Newmont Mining Corporation has a 12 month low of $30.19 and a 12 month high of $39.63.

Newmont Mining Corporation (NYSE:NEM) last announced its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share for the quarter, topping the 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 company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities analysts forecast that Newmont Mining Corporation will post $1.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 14th were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $0.30 annualized dividend and a yield of 0.79%. This is a positive change from Newmont Mining Corporation’s previous quarterly dividend of $0.05. Newmont Mining Corporation’s dividend payout ratio (DPR) is -33.33%.

A number of brokerages recently weighed in on NEM. BidaskClub downgraded shares of Newmont Mining Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. TheStreet upgraded shares of Newmont Mining Corporation from a “c+” rating to a “b” rating in a report on Wednesday, October 11th. Zacks Investment Research downgraded shares of Newmont Mining Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. BMO Capital Markets set a $40.00 target price on shares of Newmont Mining Corporation and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Finally, Jefferies Group LLC restated a “hold” rating and set a $35.00 target price (down from $37.00) on shares of Newmont Mining Corporation in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $40.96.

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In related news, COO Thomas Ronald Palmer sold 1,250 shares of Newmont Mining Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $37.11, for a total value of $46,387.50. Following the completion of the sale, the chief operating officer now owns 90,612 shares of the company’s stock, valued at approximately $3,362,611.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gary J. Goldberg sold 1,000 shares of Newmont Mining Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $37.11, for a total value of $37,110.00. Following the completion of 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. In the last three months, insiders sold 29,707 shares of company stock valued at $1,120,866. 0.32% of the stock is currently owned by insiders.

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.

Institutional Ownership by Quarter for Newmont Mining Corporation (NYSE:NEM)

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