Toronto Dominion Bank raised its stake in Newmont Mining Corporation (NYSE:NEM) by 23.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 185,987 shares of the basic materials company’s stock after acquiring an additional 35,342 shares during the quarter. Toronto Dominion Bank’s holdings in Newmont Mining Corporation were worth $6,022,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. MUFG Securities EMEA plc bought a new position in Newmont Mining Corporation in the 2nd quarter valued at approximately $12,341,000. Boyer & Corporon Wealth Management LLC raised its holdings in Newmont Mining Corporation by 9.4% in the 2nd quarter. Boyer & Corporon Wealth Management LLC now owns 116,703 shares of the basic materials company’s stock valued at $3,780,000 after buying an additional 10,048 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in Newmont Mining Corporation by 9.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,281,035 shares of the basic materials company’s stock valued at $73,883,000 after buying an additional 200,466 shares during the last quarter. Cypress Capital Group bought a new position in Newmont Mining Corporation in the 1st quarter valued at approximately $335,000. Finally, Seven Eight Capital LP bought a new position in Newmont Mining Corporation in the 2nd quarter valued at approximately $874,000. 81.06% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Gary J. Goldberg sold 1,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $37.35, for a total value of $37,350.00. Following the sale, the insider now directly owns 334,730 shares of the company’s stock, valued at $12,502,165.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Thomas Ronald Palmer sold 1,250 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $37.35, for a total value of $46,687.50. Following the completion of the sale, the chief operating officer now directly owns 88,112 shares in the company, valued at $3,290,983.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,707 shares of company stock worth $1,120,866. Insiders own 0.32% of the company’s stock.

A number of research analysts recently issued reports on NEM shares. Deutsche Bank AG reiterated a “buy” rating and issued a $42.00 price objective (down previously from $44.00) on shares of Newmont Mining Corporation in a report on Sunday, June 25th. Scotiabank upgraded shares of Newmont Mining Corporation from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $43.00 to $43.50 in a report on Wednesday, July 5th. Zacks Investment Research lowered shares of Newmont Mining Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 10th. Jefferies Group LLC reiterated a “hold” rating and issued a $35.00 price objective (down previously from $37.00) on shares of Newmont Mining Corporation in a report on Friday, July 14th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $40.00 price objective on shares of Newmont Mining Corporation in a report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $41.09.

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Shares of Newmont Mining Corporation (NYSE NEM) traded up 0.13% during trading on Thursday, reaching $37.91. The company’s stock had a trading volume of 424,662 shares. Newmont Mining Corporation has a one year low of $30.19 and a one year high of $39.63. The stock’s 50 day moving average is $38.14 and its 200 day moving average is $35.29. The firm’s market cap is $20.22 billion.

Newmont Mining Corporation (NYSE:NEM) last released its earnings results on Tuesday, July 25th. The basic materials company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. On average, equities analysts forecast that Newmont Mining Corporation will post $1.42 EPS for the current fiscal year.

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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