Virtu Financial LLC Buys 3,666 Shares of Newmont Mining Corp (NEM)
Virtu Financial LLC increased its stake in shares of Newmont Mining Corp (NYSE:NEM) by 26.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 17,292 shares of the basic materials company’s stock after acquiring an additional 3,666 shares during the period. Virtu Financial LLC’s holdings in Newmont Mining were worth $649,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Sun Life Financial INC raised its position in shares of Newmont Mining by 43,144.4% in the 2nd quarter. Sun Life Financial INC now owns 3,892 shares of the basic materials company’s stock valued at $126,000 after purchasing an additional 3,883 shares in the last quarter. Parametrica Management Ltd acquired a new position in shares of Newmont Mining in the 3rd quarter valued at approximately $222,000. Timber Hill LLC acquired a new position in shares of Newmont Mining in the 3rd quarter valued at approximately $260,000. Veritable L.P. raised its position in shares of Newmont Mining by 4.6% in the 2nd quarter. Veritable L.P. now owns 8,473 shares of the basic materials company’s stock valued at $274,000 after purchasing an additional 370 shares in the last quarter. Finally, First Allied Advisory Services Inc. acquired a new position in shares of Newmont Mining in the 3rd quarter valued at approximately $354,000. 81.99% of the stock is currently owned by institutional investors.
A number of equities analysts have issued reports on NEM shares. TheStreet lowered Newmont Mining from a “b-” rating to a “c” rating in a research report on Friday, November 17th. Zacks Investment Research upgraded Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, October 18th. Royal Bank of Canada set a $41.00 price target on Newmont Mining and gave the company a “hold” rating in a report on Monday, August 28th. TD Securities set a $42.00 price target on Newmont Mining and gave the company a “hold” rating in a report on Thursday, October 19th. Finally, BMO Capital Markets set a $40.00 price target on Newmont Mining and gave the company a “buy” rating in a report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Newmont Mining presently has an average rating of “Buy” and a consensus target price of $42.74.
Shares of Newmont Mining Corp (NYSE:NEM) traded down $0.73 during midday trading on Tuesday, hitting $34.67. The stock had a trading volume of 7,943,900 shares, compared to its average volume of 5,418,740. Newmont Mining Corp has a 1-year low of $30.40 and a 1-year high of $39.63. The company has a quick ratio of 3.58, a current ratio of 4.18 and a debt-to-equity ratio of 0.33. The company has a market cap of $18,880.11, a P/E ratio of 25.47 and a beta of 0.10.
Newmont Mining (NYSE:NEM) last issued its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.86 billion. Newmont Mining had a return on equity of 6.20% and a net margin of 1.18%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 EPS. research analysts forecast that Newmont Mining Corp will post 1.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 8th will be paid a dividend of $0.075 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.30 dividend on an annualized basis and a yield of 0.87%. Newmont Mining’s payout ratio is currently 200.00%.
In related news, CEO Gary J. Goldberg sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $36.44, for a total transaction of $36,440.00. Following the completion of the transaction, the chief executive officer now directly owns 334,730 shares in the company, valued at approximately $12,197,561.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Elaine J. Dorward-King sold 10,250 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $38.27, for a total value of $392,267.50. Following the transaction, the executive vice president now owns 82,114 shares of the company’s stock, valued at $3,142,502.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,700 shares of company stock valued at $1,038,458. 0.32% of the stock is owned by company insiders.
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Newmont Mining 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.
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