Newmont Mining Corp (NYSE:NEM) COO Thomas Ronald Palmer sold 1,250 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $37.89, for a total transaction of $47,362.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Friday, December 1st, Thomas Ronald Palmer sold 1,250 shares of Newmont Mining stock. The shares were sold at an average price of $36.98, for a total transaction of $46,225.00.
  • On Wednesday, November 1st, Thomas Ronald Palmer sold 1,250 shares of Newmont Mining stock. The shares were sold at an average price of $36.44, for a total transaction of $45,550.00.

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

Newmont Mining (NYSE:NEM) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the company earned $0.38 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. sell-side analysts predict that Newmont Mining Corp will post 1.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 8th were issued a $0.075 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.79%. Newmont Mining’s dividend payout ratio (DPR) is presently 42.86%.

Several hedge funds and other institutional investors have recently bought and sold shares of NEM. Marshall Wace North America L.P. acquired a new stake in shares of Newmont Mining in the second quarter valued at approximately $360,000. Federated Investors Inc. PA raised its holdings in shares of Newmont Mining by 35.3% in the second quarter. Federated Investors Inc. PA now owns 51,345 shares of the basic materials company’s stock valued at $1,663,000 after purchasing an additional 13,402 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Newmont Mining by 5.8% in the second quarter. Pacer Advisors Inc. now owns 16,363 shares of the basic materials company’s stock valued at $530,000 after purchasing an additional 901 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Newmont Mining by 6.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 20,666 shares of the basic materials company’s stock valued at $669,000 after purchasing an additional 1,174 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Newmont Mining by 2.1% in the second quarter. Principal Financial Group Inc. now owns 1,040,284 shares of the basic materials company’s stock valued at $33,695,000 after purchasing an additional 21,884 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

A number of analysts recently weighed in on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $43.00 price target on shares of Newmont Mining in a research report on Wednesday, December 20th. Royal Bank of Canada restated a “hold” rating and set a $43.00 target price on shares of Newmont Mining in a report on Tuesday, December 5th. Zacks Investment Research upgraded shares of Newmont Mining from a “hold” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a report on Tuesday, December 5th. TheStreet downgraded shares of Newmont Mining from a “b-” rating to a “c” rating in a report on Friday, November 17th. Finally, B. Riley restated a “neutral” rating on shares of Newmont Mining in a report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Newmont Mining has an average rating of “Buy” and an average price target of $42.64.

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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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