Newmont Mining Corp (NYSE:NEM) insider Gary J. Goldberg sold 1,000 shares of Newmont Mining stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $37.89, for a total transaction of $37,890.00. Following the transaction, the insider now owns 156,096 shares in the company, valued at approximately $5,914,477.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Newmont Mining Corp (NYSE:NEM) traded down $0.32 during trading on Wednesday, reaching $37.84. 5,140,000 shares of the company traded hands, compared to its average volume of 4,740,000. Newmont Mining Corp has a 12-month low of $31.42 and a 12-month high of $39.62. The stock has a market cap of $20,180.00, a P/E ratio of 54.06 and a beta of 0.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.18 and a quick ratio of 3.58.

Newmont Mining (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 Thomson Reuters’ consensus estimate of $0.33 by $0.02. Newmont Mining had a net margin of 1.18% and a return on equity of 6.20%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. sell-side analysts predict that Newmont Mining Corp will post 1.44 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 8th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, December 7th. Newmont Mining’s payout ratio is currently 42.86%.

Several equities analysts recently weighed in on NEM shares. TheStreet lowered shares of Newmont Mining from a “b-” rating to a “c” rating in a report on Friday, November 17th. Zacks Investment Research upgraded shares of Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Wednesday, October 18th. TD Securities set a $42.00 target price on shares of Newmont Mining and gave the company a “hold” rating in a report on Thursday, October 19th. BMO Capital Markets restated a “buy” rating and set a $43.00 target price on shares of Newmont Mining in a report on Wednesday, December 20th. Finally, FBR & Co set a $40.00 price target on shares of Newmont Mining and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $42.64.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Suntrust Banks Inc. increased its position in shares of Newmont Mining by 0.5% in the 2nd quarter. Suntrust Banks Inc. now owns 65,794 shares of the basic materials company’s stock worth $2,130,000 after purchasing an additional 331 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Newmont Mining by 0.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 50,318 shares of the basic materials company’s stock worth $1,630,000 after purchasing an additional 353 shares during the last quarter. Veritable L.P. increased its position in shares of Newmont Mining by 4.6% in the 2nd quarter. Veritable L.P. now owns 8,473 shares of the basic materials company’s stock worth $274,000 after purchasing an additional 370 shares during the last quarter. Afam Capital Inc. increased its position in shares of Newmont Mining by 0.6% in the 2nd quarter. Afam Capital Inc. now owns 71,692 shares of the basic materials company’s stock worth $2,322,000 after purchasing an additional 419 shares during the last quarter. Finally, Sentry Investment Management LLC increased its position in shares of Newmont Mining by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 41,329 shares of the basic materials company’s stock worth $1,339,000 after purchasing an additional 428 shares during the last quarter. 81.86% of the stock is owned by institutional investors.

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Newmont Mining 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 (NYSE:NEM)

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