Newmont Mining Corp (NEM) Insider Sells $40,230.00 in Stock

Newmont Mining Corp (NYSE:NEM) insider Gary J. Goldberg sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $40.23, for a total transaction of $40,230.00. Following the completion of the sale, the insider now owns 156,096 shares in the company, valued at approximately $6,279,742.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Newmont Mining Corp (NEM) traded down $1.17 during trading hours on Monday, reaching $37.80. 8,423,285 shares of the company’s stock traded hands, compared to its average volume of 4,330,000. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.58 and a current ratio of 4.18. The stock has a market cap of $20,160.00, a price-to-earnings ratio of 54.00 and a beta of 0.24. Newmont Mining Corp has a 52-week low of $31.42 and a 52-week high of $42.04.

A number of large investors have recently bought and sold shares of the business. Exane Derivatives bought a new position in shares of Newmont Mining during the 4th quarter valued at approximately $208,000. Parametrica Management Ltd bought a new position in shares of Newmont Mining during the 3rd quarter valued at approximately $222,000. Tower Bridge Advisors bought a new position in shares of Newmont Mining during the 4th quarter valued at approximately $242,000. Meeder Asset Management Inc. bought a new position in shares of Newmont Mining during the 4th quarter valued at approximately $250,000. Finally, Timber Hill LLC bought a new position in shares of Newmont Mining during the 3rd quarter valued at approximately $260,000. Hedge funds and other institutional investors own 81.97% of the company’s stock.

A number of research firms recently weighed in on NEM. B. Riley restated a “neutral” rating on shares of Newmont Mining in a report on Wednesday, November 1st. BMO Capital Markets set a $45.00 target price on shares of Newmont Mining and gave the stock a “buy” rating in a report on Tuesday, November 14th. 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. FBR & Co set a $40.00 target price on shares of Newmont Mining and gave the stock a “hold” rating in a report on Tuesday, October 31st. Finally, Scotiabank set a $48.00 target price on shares of Newmont Mining and gave the stock a “buy” rating in a report on Monday, January 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Newmont Mining presently has a consensus rating of “Hold” and an average price target of $41.95.

TRADEMARK VIOLATION WARNING: “Newmont Mining Corp (NEM) Insider Sells $40,230.00 in Stock” was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/05/newmont-mining-corp-nem-insider-sells-40230-00-in-stock.html.

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)

Receive News & Ratings for Newmont Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont Mining and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply