Newmont Mining Corporation (NYSE:NEM) EVP Sells $73,436.13 in Stock

Newmont Mining Corporation (NYSE:NEM) EVP William N. Macgowan sold 2,007 shares of Newmont Mining Corporation stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $36.59, for a total value of $73,436.13. Following the completion of the sale, the executive vice president now directly owns 127,178 shares in the company, valued at approximately $4,653,443.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Newmont Mining Corporation (NYSE NEM) traded down 0.61% during midday trading on Friday, hitting $35.83. The stock had a trading volume of 7,433,051 shares. The company’s market cap is $19.11 billion. The stock’s 50-day moving average price is $34.88 and its 200 day moving average price is $34.36. Newmont Mining Corporation has a 52 week low of $30.19 and a 52 week high of $43.83.

Newmont Mining Corporation (NYSE:NEM) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.20. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Newmont Mining Corporation had a negative net margin of 6.73% and a positive return on equity of 6.67%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. On average, equities analysts forecast that Newmont Mining Corporation will post $1.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Wednesday, September 13th. This is a boost from Newmont Mining Corporation’s previous quarterly dividend of $0.05. Newmont Mining Corporation’s dividend payout ratio (DPR) is presently -22.22%.

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Several institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its position in Newmont Mining Corporation by 114.0% in the first quarter. Nisa Investment Advisors LLC now owns 181,687 shares of the basic materials company’s stock worth $5,988,000 after buying an additional 96,768 shares during the last quarter. DnB Asset Management AS boosted its position in Newmont Mining Corporation by 20.3% in the first quarter. DnB Asset Management AS now owns 64,527 shares of the basic materials company’s stock worth $2,127,000 after buying an additional 10,900 shares during the last quarter. Banced Corp boosted its position in Newmont Mining Corporation by 8.9% in the first quarter. Banced Corp now owns 7,347 shares of the basic materials company’s stock worth $242,000 after buying an additional 603 shares during the last quarter. Bank of Montreal Can boosted its position in Newmont Mining Corporation by 34.2% in the first quarter. Bank of Montreal Can now owns 1,985,044 shares of the basic materials company’s stock worth $65,427,000 after buying an additional 506,249 shares during the last quarter. Finally, P.R. Herzig & Co. Inc. boosted its position in Newmont Mining Corporation by 0.5% in the first quarter. P.R. Herzig & Co. Inc. now owns 43,100 shares of the basic materials company’s stock worth $1,421,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

A number of research firms recently issued reports on NEM. BMO Capital Markets lifted their target price on Newmont Mining Corporation to $54.00 and gave the company a “buy” rating in a research report on Thursday, May 11th. Royal Bank Of Canada set a $40.00 target price on Newmont Mining Corporation and gave the company a “hold” rating in a research report on Monday, June 12th. BidaskClub raised Newmont Mining Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Raymond James Financial, Inc. began coverage on Newmont Mining Corporation in a research report on Thursday, June 15th. They issued an “outperform” rating and a $43.00 target price on the stock. Finally, TD Securities reaffirmed a “hold” rating and issued a $48.50 target price on shares of Newmont Mining Corporation in a research report on Tuesday, April 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Newmont Mining Corporation has an average rating of “Buy” and an average price target of $41.78.

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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