Newmont Mining Corporation (NYSE:NEM) COO Thomas Ronald Palmer sold 1,250 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $36.44, for a total transaction of $45,550.00. Following the sale, the chief operating officer now directly owns 86,862 shares in the company, valued at $3,165,251.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Thomas Ronald Palmer also recently made the following trade(s):

  • On Monday, October 2nd, Thomas Ronald Palmer sold 1,250 shares of Newmont Mining Corporation stock. The stock was sold at an average price of $37.35, for a total transaction of $46,687.50.
  • On Friday, September 1st, Thomas Ronald Palmer sold 1,250 shares of Newmont Mining Corporation stock. The stock was sold at an average price of $38.60, for a total transaction of $48,250.00.

Newmont Mining Corporation (NYSE:NEM) traded up $0.35 during trading hours on Friday, hitting $36.04. 3,428,045 shares of the stock were exchanged, compared to its average volume of 4,301,272. The company has a market capitalization of $19.46 billion, a P/E 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. Newmont Mining Corporation had a net margin of 1.18% and a return on equity of 6.20%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $0.38 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. sell-side analysts forecast 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 given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, December 7th. Newmont Mining Corporation’s dividend payout ratio is 200.00%.

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A number of analysts recently weighed in on NEM shares. TheStreet raised shares of Newmont Mining Corporation from a “c+” rating to a “b” rating in a report on Wednesday, October 11th. Zacks Investment Research raised shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Monday, July 31st. Argus raised shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Thursday, July 27th. Credit Suisse Group set a $45.00 target price on shares of Newmont Mining Corporation and gave the company a “buy” rating in a research note on Tuesday, July 18th. Finally, BMO Capital Markets set a $40.00 target price on shares of Newmont Mining Corporation and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Newmont Mining Corporation currently has an average rating of “Buy” and a consensus price target of $40.65.

Several large investors have recently added to or reduced their stakes in NEM. HighTower Advisors LLC raised its position in shares of Newmont Mining Corporation by 36.8% in the first quarter. HighTower Advisors LLC now owns 21,526 shares of the basic materials company’s stock valued at $707,000 after purchasing an additional 5,791 shares during the period. DnB Asset Management AS grew its stake in shares of Newmont Mining Corporation by 1.9% in the second quarter. DnB Asset Management AS now owns 65,727 shares of the basic materials company’s stock worth $2,129,000 after acquiring an additional 1,200 shares during the last quarter. Xact Kapitalforvaltning AB grew its stake in shares of Newmont Mining Corporation by 2.9% in the second quarter. Xact Kapitalforvaltning AB now owns 42,033 shares of the basic materials company’s stock worth $1,361,000 after acquiring an additional 1,199 shares during the last quarter. Neville Rodie & Shaw Inc. grew its stake in shares of Newmont Mining Corporation by 2.1% in the second quarter. Neville Rodie & Shaw Inc. now owns 24,600 shares of the basic materials company’s stock worth $797,000 after acquiring an additional 500 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Newmont Mining Corporation by 40.1% in the second quarter. Bank of Montreal Can now owns 2,780,786 shares of the basic materials company’s stock worth $90,070,000 after acquiring an additional 795,742 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors.

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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