Newmont Mining Corporation (NYSE:NEM) was the target of some unusual options trading on Monday. Stock investors acquired 8,222 put options on the stock. This represents an increase of 228% compared to the average volume of 2,504 put options.

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada set a $41.00 target price on Newmont Mining Corporation and gave the stock a “hold” rating in a research note on Monday. Zacks Investment Research upgraded Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Monday, July 31st. Argus upgraded Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Thursday, July 27th. BidaskClub upgraded Newmont Mining Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, BMO Capital Markets set a $40.00 price objective on Newmont Mining Corporation and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Newmont Mining Corporation has an average rating of “Buy” and an average target price of $40.96.

In other news, EVP Scott P. Lawson sold 5,000 shares of Newmont Mining Corporation stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $32.79, for a total transaction of $163,950.00. Following the sale, the executive vice president now directly owns 56,696 shares in the company, valued at approximately $1,859,061.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Thomas Ronald Palmer sold 1,250 shares of Newmont Mining Corporation stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $31.80, for a total value of $39,750.00. Following the sale, the chief operating officer now owns 91,862 shares in the company, valued at $2,921,211.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,907 shares of company stock worth $803,461. Company insiders own 0.32% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in NEM. Sentry Investment Management LLC boosted its position in Newmont Mining Corporation by 1.0% in the second quarter. Sentry Investment Management LLC now owns 41,329 shares of the basic materials company’s stock worth $1,339,000 after buying an additional 428 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Newmont Mining Corporation by 23.5% in the second quarter. Toronto Dominion Bank now owns 185,987 shares of the basic materials company’s stock worth $6,022,000 after buying an additional 35,342 shares during the last quarter. Afam Capital Inc. boosted its position in shares of Newmont Mining Corporation by 0.6% in the second quarter. Afam Capital Inc. now owns 71,692 shares of the basic materials company’s stock worth $2,322,000 after buying an additional 419 shares during the last quarter. U S Global Investors Inc. boosted its position in shares of Newmont Mining Corporation by 50.0% in the second quarter. U S Global Investors Inc. now owns 75,000 shares of the basic materials company’s stock worth $2,429,000 after buying an additional 25,000 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Newmont Mining Corporation during the second quarter worth approximately $432,000. 81.07% of the stock is owned by institutional investors.

Newmont Mining Corporation (NYSE NEM) opened at 38.06 on Thursday. Newmont Mining Corporation has a 12-month low of $30.19 and a 12-month high of $42.69. The stock’s market cap is $20.30 billion. The firm’s 50-day moving average price is $35.43 and its 200-day moving average price is $34.36.

Newmont Mining Corporation (NYSE:NEM) last released its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.20. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Newmont Mining Corporation had a positive return on equity of 6.67% and a negative net margin of 6.73%. Newmont Mining Corporation’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. On average, equities analysts predict that Newmont Mining Corporation will post $1.34 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be issued a $0.075 dividend. This is a boost from Newmont Mining Corporation’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.30 dividend on an annualized basis and a yield of 0.79%. Newmont Mining Corporation’s dividend payout ratio is presently -22.22%.

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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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