Meitav Dash Investments Ltd. acquired a new stake in Newmont Mining Corp (NYSE:NEM) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 8,500 shares of the basic materials company’s stock, valued at approximately $319,000.
Other hedge funds also recently made changes to their positions in the company. Premia Global Advisors LLC bought a new stake in Newmont Mining in the fourth quarter valued at approximately $139,000. Tiedemann Wealth Management LLC lifted its position in Newmont Mining by 66.5% in the third quarter. Tiedemann Wealth Management LLC now owns 14,862 shares of the basic materials company’s stock valued at $170,000 after purchasing an additional 5,938 shares during the last quarter. Exane Derivatives bought a new stake in Newmont Mining in the fourth quarter valued at approximately $208,000. Brown Advisory Inc. bought a new stake in Newmont Mining in the fourth quarter valued at approximately $228,000. Finally, Tower Bridge Advisors bought a new stake in Newmont Mining in the fourth quarter valued at approximately $242,000. Hedge funds and other institutional investors own 82.27% of the company’s stock.
In other news, EVP Stephen P. Gottesfeld sold 5,000 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $37.91, for a total value of $189,550.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Thomas Ronald Palmer sold 1,250 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $38.06, for a total value of $47,575.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,450 shares of company stock worth $868,866. Insiders own 0.36% of the company’s stock.
Newmont Mining Corp (NEM) opened at $37.61 on Friday. The company has a quick ratio of 3.14, a current ratio of 3.63 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $20,389.41, a price-to-earnings ratio of 26.18 and a beta of 0.29. Newmont Mining Corp has a twelve month low of $31.42 and a twelve month high of $42.04.
Newmont Mining (NYSE:NEM) last posted its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.92 billion. Newmont Mining had a positive return on equity of 6.52% and a negative net margin of 1.33%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 earnings per share. equities analysts forecast that Newmont Mining Corp will post 1.4 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th were paid a $0.14 dividend. This is a boost from Newmont Mining’s previous quarterly dividend of $0.08. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Wednesday, March 7th. Newmont Mining’s dividend payout ratio is currently -311.09%.
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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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