First Quadrant L P CA maintained its stake in Newmont Mining Corporation (NYSE:NEM) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,100 shares of the basic materials company’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in Newmont Mining Corporation were worth $424,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Advisory Services Network LLC bought a new stake in Newmont Mining Corporation during the first quarter valued at approximately $118,000. WFG Advisors LP boosted its stake in Newmont Mining Corporation by 83.5% in the first quarter. WFG Advisors LP now owns 3,748 shares of the basic materials company’s stock valued at $124,000 after buying an additional 1,706 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in Newmont Mining Corporation by 88.5% in the first quarter. Acrospire Investment Management LLC now owns 4,900 shares of the basic materials company’s stock valued at $162,000 after buying an additional 2,300 shares in the last quarter. Private Capital Advisors Inc. bought a new stake in Newmont Mining Corporation during the first quarter valued at approximately $202,000. Finally, Clear Harbor Asset Management LLC bought a new stake in Newmont Mining Corporation during the first quarter valued at approximately $210,000. 81.85% of the stock is owned by hedge funds and other institutional investors.
Shares of Newmont Mining Corporation (NYSE NEM) traded up 0.94% during mid-day trading on Thursday, hitting $36.44. 4,599,825 shares of the stock were exchanged. The firm’s market cap is $19.43 billion. Newmont Mining Corporation has a 52-week low of $30.19 and a 52-week high of $46.07. The stock has a 50-day moving average price of $34.31 and a 200 day moving average price of $34.30.
Newmont Mining Corporation (NYSE:NEM) last posted its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.20. Newmont Mining Corporation had a negative net margin of 6.73% and a positive return on equity of 6.67%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities research analysts expect that Newmont Mining Corporation will post $1.34 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be issued a dividend of $0.075 per share. The ex-dividend date is Wednesday, September 13th. This represents a $0.30 annualized dividend and a dividend yield of 0.82%. This is an increase from Newmont Mining Corporation’s previous quarterly dividend of $0.05. Newmont Mining Corporation’s dividend payout ratio is -22.22%.
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NEM has been the subject of several research analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $42.00 target price (down from $44.00) on shares of Newmont Mining Corporation in a research report on Sunday, June 25th. BMO Capital Markets raised their target price on shares of Newmont Mining Corporation to $54.00 and gave the stock a “buy” rating in a research report on Thursday, May 11th. Credit Suisse Group reaffirmed a “buy” rating on shares of Newmont Mining Corporation in a research report on Thursday, April 27th. Argus raised shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Thursday, July 27th. Finally, Zacks Investment Research raised shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Newmont Mining Corporation currently has a consensus rating of “Buy” and a consensus price target of $41.73.
In related news, EVP E Randall Engel sold 5,700 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $35.00, for a total value of $199,500.00. Following the transaction, the executive vice president now owns 256,800 shares in the company, valued at approximately $8,988,000. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Gary J. Goldberg sold 1,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $31.80, for a total transaction of $31,800.00. Following the completion of the transaction, the insider now owns 334,730 shares in the company, valued at approximately $10,644,414. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,907 shares of company stock worth $803,461. Corporate insiders own 0.32% of the company’s stock.
Newmont Mining Corporation 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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