Newmont Mining Corporation (NEM) CEO Gary J. Goldberg Sells 1,000 Shares
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.
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