Suntrust Banks Inc. boosted its stake in shares of Newmont Mining Corporation (NYSE:NEM) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,794 shares of the basic materials company’s stock after purchasing an additional 331 shares during the quarter. Suntrust Banks Inc.’s holdings in Newmont Mining Corporation were worth $2,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Smith Affiliated Capital Corp. boosted its position 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 valued at $123,000 after purchasing an additional 300 shares in the last quarter. WFG Advisors LP boosted its position 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 valued at $124,000 after purchasing an additional 1,706 shares in the last quarter. Boston Private Wealth LLC bought a new stake in Newmont Mining Corporation during the first quarter valued at about $222,000. Brighton Jones LLC bought a new stake in Newmont Mining Corporation during the first quarter valued at about $258,000. Finally, Banced Corp boosted its position 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 valued at $274,000 after purchasing an additional 1,126 shares in the last quarter. 81.08% of the stock is currently owned by institutional investors.

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In related news, EVP William N. Macgowan sold 2,007 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $36.59, for a total value of $73,436.13. Following the completion of the sale, the executive vice president now directly owns 127,178 shares of the company’s stock, valued at approximately $4,653,443.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Thomas Ronald Palmer sold 1,250 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 value of $39,750.00. Following the completion of the sale, the chief operating officer now directly owns 91,862 shares of the company’s stock, valued at $2,921,211.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,707 shares of company stock valued at $1,108,378. Insiders own 0.32% of the company’s stock.

NEM has been the topic of a number of recent research reports. Royal Bank Of Canada set a $41.00 price objective on Newmont Mining Corporation and gave the company a “hold” rating in a research report on Monday, August 28th. Credit Suisse Group set a $45.00 price objective on Newmont Mining Corporation and gave the company a “buy” rating in a research report on Tuesday, July 18th. Jefferies Group LLC reissued a “hold” rating and issued a $35.00 price target (down previously from $37.00) on shares of Newmont Mining Corporation in a report on Friday, July 14th. Zacks Investment Research raised Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Monday, July 31st. Finally, Scotiabank raised their price target on Newmont Mining Corporation from $43.50 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, July 26th. Two 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 given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $40.96.

Shares of Newmont Mining Corporation (NYSE:NEM) opened at 37.51 on Friday. The company’s 50 day moving average price is $37.28 and its 200-day moving average price is $34.58. The firm’s market cap is $20.00 billion. Newmont Mining Corporation has a 12-month low of $30.19 and a 12-month high of $40.91.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 14th were given a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, September 13th. This is a boost from Newmont Mining Corporation’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.80%. Newmont Mining Corporation’s dividend 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)

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