Amalgamated Bank increased its stake in shares of Newmont Mining Corporation (NYSE:NEM) by 61.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,137 shares of the basic materials company’s stock after acquiring an additional 22,807 shares during the quarter. Amalgamated Bank’s holdings in Newmont Mining Corporation were worth $1,948,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smith Affiliated Capital Corp. boosted its stake in Newmont Mining Corporation by 8.6% during the second quarter. Smith Affiliated Capital Corp. now owns 3,800 shares of the basic materials company’s stock worth $123,000 after acquiring an additional 300 shares in the last quarter. WFG Advisors LP boosted its stake in Newmont Mining Corporation by 83.5% during the first quarter. WFG Advisors LP now owns 3,748 shares of the basic materials company’s stock worth $124,000 after acquiring an additional 1,706 shares in the last quarter. Boston Private Wealth LLC bought a new position in Newmont Mining Corporation during the first quarter worth $222,000. Brighton Jones LLC bought a new position in Newmont Mining Corporation during the first quarter worth $258,000. Finally, Banced Corp boosted its stake in Newmont Mining Corporation by 15.3% during the second quarter. Banced Corp now owns 8,473 shares of the basic materials company’s stock worth $274,000 after acquiring an additional 1,126 shares in the last quarter. 81.08% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have weighed in on the stock. Royal Bank Of Canada set a $41.00 price objective on shares of Newmont Mining Corporation and gave the stock a “hold” rating in a report on Monday, August 28th. Zacks Investment Research upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Monday, July 31st. Argus upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Thursday, July 27th. BidaskClub upgraded shares of Newmont Mining Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, BMO Capital Markets set a $40.00 price objective on shares of Newmont Mining Corporation and gave the stock a “buy” rating in a report on Wednesday, August 23rd. 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 assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $40.96.

ILLEGAL ACTIVITY WARNING: This report was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://www.watchlistnews.com/newmont-mining-corporation-nem-shares-bought-by-amalgamated-bank/1573303.html.

In other news, EVP William N. Macgowan sold 2,007 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $36.59, for a total transaction of $73,436.13. Following the completion of the sale, the executive vice president now owns 127,178 shares of the company’s stock, valued at approximately $4,653,443.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary J. Goldberg sold 1,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $31.80, for a total transaction of $31,800.00. Following the sale, the insider now directly owns 334,730 shares of the company’s stock, valued at approximately $10,644,414. The disclosure for this sale can be found here. In the last three months, insiders sold 14,457 shares of company stock valued at $526,861. 0.32% of the stock is owned by insiders.

Shares of Newmont Mining Corporation (NYSE:NEM) opened at 37.78 on Tuesday. The company’s 50-day moving average is $37.26 and its 200-day moving average is $34.55. The stock’s market cap is $20.15 billion. Newmont Mining Corporation has a 12-month low of $30.19 and a 12-month high of $41.97.

Newmont Mining Corporation (NYSE:NEM) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share for the quarter, topping 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 business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the firm earned $0.44 EPS. Newmont Mining Corporation’s revenue was up 12.3% on a year-over-year basis. On average, equities research analysts anticipate that Newmont Mining Corporation will post $1.36 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be given a $0.075 dividend. This is a positive change from Newmont Mining Corporation’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.30 dividend on an annualized basis and a yield of 0.79%. Newmont Mining Corporation’s payout ratio is -33.33%.

Newmont Mining Corporation 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)

Receive News & Ratings for Newmont Mining Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont Mining Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.