Newmont Mining Corporation (NYSE:NEM) insider Gary J. Goldberg sold 1,000 shares of Newmont Mining Corporation stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $38.60, for a total value of $38,600.00. Following the transaction, the insider now directly owns 334,730 shares of the company’s stock, valued at approximately $12,920,578. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Newmont Mining Corporation (NYSE NEM) traded up 0.23% during mid-day trading on Tuesday, reaching $38.75. The company’s stock had a trading volume of 6,598,039 shares. The stock’s market capitalization is $20.66 billion. Newmont Mining Corporation has a 12-month low of $30.19 and a 12-month high of $42.69. The company’s 50-day moving average price is $36.29 and its 200-day moving average price is $34.32.

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, beating the consensus estimate of $0.26 by $0.20. The business 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%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS. On average, equities research analysts forecast that Newmont Mining Corporation will post $1.36 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.77%. The ex-dividend date is Wednesday, September 13th. This is a boost from Newmont Mining Corporation’s previous quarterly dividend of $0.05. Newmont Mining Corporation’s dividend payout ratio (DPR) is currently -22.22%.

ILLEGAL ACTIVITY NOTICE: “Newmont Mining Corporation (NEM) Insider Gary J. Goldberg Sells 1,000 Shares” was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/09/05/newmont-mining-corporation-nem-insider-gary-j-goldberg-sells-1000-shares.html.

A number of research analysts have weighed in on the company. Royal Bank Of Canada set a $41.00 target price on Newmont Mining Corporation and gave the company a “hold” rating in a report on Monday, August 28th. Zacks Investment Research raised Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Monday, July 31st. Argus raised Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Thursday, July 27th. BidaskClub raised Newmont Mining Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, BMO Capital Markets set a $40.00 target price on Newmont Mining Corporation and gave the company a “buy” rating in a report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $40.96.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NEM. Advisory Services Network LLC purchased a new position in Newmont Mining Corporation during the 1st quarter valued at approximately $118,000. Advisors Asset Management Inc. grew its holdings in Newmont Mining Corporation by 6.6% during the 1st quarter. Advisors Asset Management Inc. now owns 15,338 shares of the basic materials company’s stock valued at $506,000 after buying an additional 945 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Newmont Mining Corporation by 109.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 304,808 shares of the basic materials company’s stock valued at $10,107,000 after buying an additional 159,521 shares in the last quarter. Henderson Group PLC grew its holdings in Newmont Mining Corporation by 1.8% during the 1st quarter. Henderson Group PLC now owns 72,782 shares of the basic materials company’s stock valued at $2,399,000 after buying an additional 1,300 shares in the last quarter. Finally, JJJ Advisors Inc. grew its holdings in Newmont Mining Corporation by 2.8% during the 1st quarter. JJJ Advisors Inc. now owns 10,113 shares of the basic materials company’s stock valued at $333,000 after buying an additional 276 shares in the last quarter. Institutional investors and hedge funds own 81.08% of the company’s stock.

About Newmont Mining Corporation

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.

Insider Buying and Selling by Quarter for Newmont Mining Corporation (NYSE:NEM)

Receive News & Ratings for Newmont Mining Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont Mining Corporation and related companies with MarketBeat.com's FREE daily email newsletter.