Newmont Mining Corp (NYSE:NEM) EVP Elaine J. Dorward-King sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $37.47, for a total value of $112,410.00. Following the sale, the executive vice president now directly owns 111,831 shares of the company’s stock, valued at $4,190,307.57. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Newmont Mining opened at $37.64 on Wednesday, according to MarketBeat.com. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.18 and a quick ratio of 3.62. The firm has a market cap of $20.03 billion, a price-to-earnings ratio of 25.78 and a beta of 0.22. Newmont Mining Corp has a twelve month low of $31.70 and a twelve month high of $42.04.
Get Newmont Mining alerts:Newmont Mining (NYSE:NEM) last issued its earnings results on Thursday, April 26th. The basic materials company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.84 billion. Newmont Mining had a return on equity of 7.01% and a net margin of 0.64%. Newmont Mining’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 EPS. research analysts expect that Newmont Mining Corp will post 1.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 21st. Shareholders of record on Thursday, June 7th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Wednesday, June 6th. Newmont Mining’s dividend payout ratio (DPR) is presently 38.36%.
NEM has been the subject of a number of research analyst reports. TheStreet raised Newmont Mining from a “c+” rating to a “b” rating in a research note on Thursday, April 26th. BMO Capital Markets set a $46.00 price target on Newmont Mining and gave the stock a “buy” rating in a research note on Wednesday, March 28th. ValuEngine raised Newmont Mining from a “hold” rating to a “buy” rating in a research note on Friday, June 29th. Deutsche Bank raised their price target on Newmont Mining from $40.00 to $41.00 and gave the stock a “hold” rating in a research note on Wednesday, April 11th. Finally, Morgan Stanley raised Newmont Mining from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, June 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.92.
A number of hedge funds and other institutional investors have recently modified their holdings of NEM. Brown Advisory Inc. bought a new stake in Newmont Mining during the 4th quarter valued at $228,000. Amalgamated Bank raised its position in shares of Newmont Mining by 9.7% in the 4th quarter. Amalgamated Bank now owns 67,240 shares of the basic materials company’s stock worth $2,523,000 after acquiring an additional 5,968 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Newmont Mining by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 6,378,102 shares of the basic materials company’s stock worth $238,856,000 after acquiring an additional 410,435 shares in the last quarter. WINTON GROUP Ltd raised its position in shares of Newmont Mining by 18.8% in the 4th quarter. WINTON GROUP Ltd now owns 32,624 shares of the basic materials company’s stock worth $1,224,000 after acquiring an additional 5,165 shares in the last quarter. Finally, Lombard Odier Asset Management Switzerland SA bought a new position in shares of Newmont Mining in the 4th quarter worth $2,172,000. 82.29% of the stock is owned by institutional investors and hedge funds.
About Newmont Mining
Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold, copper, and silver. Its operations and/or assets are located in the United States, Australia, Peru, Ghana, and Suriname. As of February 22, 2018, the company had proven and probable gold reserves of 68.5 million ounces and an aggregate land position of approximately 23,000 square miles.
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