Newmont Mining Corporation (NYSE:NEM) EVP E Randall Engel sold 5,700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $36.44, for a total value of $207,708.00. Following the completion of the transaction, the executive vice president now owns 122,178 shares of the company’s stock, valued at $4,452,166.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Newmont Mining Corporation (NYSE NEM) traded up $0.35 during trading hours on Friday, reaching $36.04. The company had a trading volume of 2,934,262 shares, compared to its average volume of 4,301,272. The firm has a market capitalization of $19.46 billion, a price-to-earnings ratio of 26.25 and a beta of 0.11.

Newmont Mining Corporation (NYSE:NEM) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Newmont Mining Corporation had a return on equity of 6.20% and a net margin of 1.18%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. research analysts forecast that Newmont Mining Corporation will post 1.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.075 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.30 dividend on an annualized basis and a yield of 0.83%. Newmont Mining Corporation’s dividend payout ratio (DPR) is presently 200.00%.

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A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Newmont Mining Corporation by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 54,285,832 shares of the basic materials company’s stock worth $1,758,317,000 after acquiring an additional 1,360,916 shares during the period. Carmignac Gestion increased its stake in Newmont Mining Corporation by 4.9% during the 2nd quarter. Carmignac Gestion now owns 14,204,881 shares of the basic materials company’s stock worth $460,096,000 after acquiring an additional 659,183 shares during the period. Bank of New York Mellon Corp increased its stake in Newmont Mining Corporation by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,445,025 shares of the basic materials company’s stock worth $305,925,000 after acquiring an additional 309,739 shares during the period. APG Asset Management N.V. increased its stake in Newmont Mining Corporation by 6.4% during the 2nd quarter. APG Asset Management N.V. now owns 8,933,153 shares of the basic materials company’s stock worth $289,345,000 after acquiring an additional 534,550 shares during the period. Finally, Flossbach Von Storch AG increased its stake in Newmont Mining Corporation by 29.2% during the 2nd quarter. Flossbach Von Storch AG now owns 7,873,186 shares of the basic materials company’s stock worth $255,012,000 after acquiring an additional 1,780,593 shares during the period. Hedge funds and other institutional investors own 80.00% of the company’s stock.

NEM has been the subject of a number of analyst reports. Zacks Investment Research upgraded Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Wednesday, October 18th. Royal Bank Of Canada set a $41.00 price target on Newmont Mining Corporation and gave the company a “hold” rating in a research note on Monday, August 28th. TheStreet upgraded Newmont Mining Corporation from a “c+” rating to a “b” rating in a research note on Wednesday, October 11th. Credit Suisse Group set a $45.00 price target on Newmont Mining Corporation and gave the company a “buy” rating in a research note on Tuesday, July 18th. Finally, TD Securities raised their price objective on Newmont Mining Corporation from $36.00 to $50.00 and gave the company a “hold” rating in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $40.65.

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)

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