Newmont Mining Corporation (NYSE:NEM) CEO Gary J. Goldberg sold 1,000 shares of the company’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 $36,440.00. Following the transaction, the chief executive officer now directly owns 334,730 shares of the company’s stock, valued at approximately $12,197,561.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Newmont Mining Corporation (NEM) traded up $0.35 during mid-day trading on Friday, hitting $36.04. The stock had a trading volume of 3,428,045 shares, compared to its average volume of 4,301,272. The stock has a market cap of $19.46 billion, a PE 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.86 billion. Newmont Mining Corporation had a return on equity of 6.20% and a net margin of 1.18%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the business posted $0.38 EPS. sell-side analysts expect that Newmont Mining Corporation will post 1.43 EPS for the current year.

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.83%. Newmont Mining Corporation’s dividend payout ratio (DPR) is currently 200.00%.

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A number of research analysts have commented on the company. FBR & Co set a $40.00 price target on Newmont Mining Corporation and gave the company a “hold” rating in a research report on Tuesday. TD Securities set a $42.00 target price on Newmont Mining Corporation and gave the stock a “hold” rating in a research report on Thursday, October 19th. Zacks Investment Research raised 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 Wednesday, October 18th. TheStreet raised Newmont Mining Corporation from a “c+” rating to a “b” rating in a research report on Wednesday, October 11th. Finally, Royal Bank Of Canada set a $41.00 target price on Newmont Mining Corporation and gave the stock a “hold” rating in a research report on Monday, August 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $40.65.

Hedge funds have recently added to or reduced their stakes in the company. Deane Retirement Strategies Inc. purchased a new position in shares of Newmont Mining Corporation in the 3rd quarter worth $1,513,000. MUFG Securities EMEA plc purchased a new position in shares of Newmont Mining Corporation in the 2nd quarter worth $12,341,000. Shell Asset Management Co. boosted its stake in shares of Newmont Mining Corporation by 173.1% in the 3rd quarter. Shell Asset Management Co. now owns 793,199 shares of the basic materials company’s stock worth $18,283,000 after buying an additional 502,784 shares during the last quarter. Boyer & Corporon Wealth Management LLC boosted its stake in shares of Newmont Mining Corporation by 9.4% in the 2nd quarter. Boyer & Corporon Wealth Management LLC now owns 116,703 shares of the basic materials company’s stock worth $3,780,000 after buying an additional 10,048 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of Newmont Mining Corporation by 9.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,281,035 shares of the basic materials company’s stock worth $73,883,000 after buying an additional 200,466 shares during the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

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.

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

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