Newmont Mining Corporation (NEM) Holdings Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in Newmont Mining Corporation (NYSE:NEM) by 12.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,596,020 shares of the basic materials company’s stock after purchasing an additional 1,150,995 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.99% of Newmont Mining Corporation worth $397,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Newmont Mining Corporation by 2.6% in the second quarter. Vanguard Group Inc. now owns 54,285,832 shares of the basic materials company’s stock worth $1,758,317,000 after purchasing an additional 1,360,916 shares during the period. Carmignac Gestion boosted its position in shares of Newmont Mining Corporation by 4.9% in the second quarter. Carmignac Gestion now owns 14,204,881 shares of the basic materials company’s stock worth $460,096,000 after purchasing an additional 659,183 shares during the period. APG Asset Management N.V. boosted its position in shares of Newmont Mining Corporation by 6.4% in the second quarter. APG Asset Management N.V. now owns 8,933,153 shares of the basic materials company’s stock worth $289,345,000 after purchasing an additional 534,550 shares during the period. Flossbach Von Storch AG boosted its position in shares of Newmont Mining Corporation by 29.2% in the second quarter. Flossbach Von Storch AG now owns 7,873,186 shares of the basic materials company’s stock worth $255,012,000 after purchasing an additional 1,780,593 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Newmont Mining Corporation by 7,145.7% in the second quarter. Janus Henderson Group PLC now owns 5,273,545 shares of the basic materials company’s stock worth $170,812,000 after purchasing an additional 5,200,763 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

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A number of equities analysts recently weighed in on the stock. Scotiabank upped their target price on shares of Newmont Mining Corporation from $43.50 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 26th. TD Securities upped their target price on shares of Newmont Mining Corporation from $36.00 to $50.00 and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Argus upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Monday, July 31st. Finally, BidaskClub upgraded shares of Newmont Mining Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Newmont Mining Corporation currently has an average rating of “Hold” and an average target price of $40.83.

Shares of Newmont Mining Corporation (NYSE:NEM) traded down $0.12 on Thursday, hitting $35.96. 292,252 shares of the stock traded hands, compared to its average volume of 5,474,296. Newmont Mining Corporation has a 1-year low of $30.40 and a 1-year high of $39.63. The stock has a market capitalization of $19,240.00, a P/E ratio of 26.10 and a beta of 0.11. The company has a current ratio of 4.18, a quick ratio of 3.58 and a debt-to-equity ratio of 0.33.

Newmont Mining Corporation (NYSE:NEM) last announced its earnings results on Thursday, October 26th. The basic materials company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. Newmont Mining Corporation had a net margin of 1.18% and a return on equity of 6.20%. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. sell-side analysts forecast that Newmont Mining Corporation will post 1.44 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 8th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Thursday, December 7th. Newmont Mining Corporation’s dividend payout ratio is currently 42.86%.

In other news, insider Gary J. Goldberg sold 1,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $38.60, for a total value of $38,600.00. Following the sale, the insider now owns 334,730 shares of the company’s stock, valued at $12,920,578. The sale 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 Friday, September 1st. The shares were sold at an average price of $38.60, for a total transaction of $48,250.00. Following the completion of the sale, the chief operating officer now directly owns 89,362 shares in the company, valued at approximately $3,449,373.20. The disclosure for this sale can be found here. In the last three months, insiders sold 27,700 shares of company stock worth $1,042,103. Insiders own 0.32% of the company’s stock.

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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