Personal Capital Advisors Corp Buys 49,093 Shares of Newmont Mining Corp (NYSE:NEM)

Personal Capital Advisors Corp boosted its position in Newmont Mining Corp (NYSE:NEM) by 21.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 277,796 shares of the basic materials company’s stock after purchasing an additional 49,093 shares during the quarter. Personal Capital Advisors Corp owned approximately 0.05% of Newmont Mining worth $10,423,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its holdings in shares of Newmont Mining by 105.4% during the fourth quarter. State of Alaska Department of Revenue now owns 105,944 shares of the basic materials company’s stock valued at $3,973,000 after acquiring an additional 54,360 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Newmont Mining by 3.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,926,169 shares of the basic materials company’s stock valued at $72,270,000 after acquiring an additional 58,397 shares in the last quarter. Hexavest Inc. boosted its position in Newmont Mining by 1.7% in the fourth quarter. Hexavest Inc. now owns 355,204 shares of the basic materials company’s stock valued at $13,327,000 after buying an additional 5,939 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Newmont Mining by 7.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 146,512 shares of the basic materials company’s stock valued at $5,497,000 after buying an additional 10,600 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in Newmont Mining by 2.9% in the third quarter. Parametric Portfolio Associates LLC now owns 1,354,726 shares of the basic materials company’s stock valued at $50,816,000 after buying an additional 38,229 shares during the last quarter. Institutional investors and hedge funds own 81.97% of the company’s stock.

In related news, insider Gary J. Goldberg sold 1,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $36.98, for a total value of $36,980.00. Following the completion of the transaction, the insider now directly owns 334,730 shares of the company’s stock, valued at approximately $12,378,315.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Elaine J. Dorward-King sold 10,250 shares of the stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $36.48, for a total value of $373,920.00. Following the completion of the transaction, the executive vice president now directly owns 71,864 shares of the company’s stock, valued at $2,621,598.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,700 shares of company stock valued at $1,050,806. 0.32% of the stock is owned by corporate insiders.

Shares of Newmont Mining Corp (NEM) traded up $0.15 during trading hours on Friday, hitting $36.76. The stock had a trading volume of 10,984,050 shares, compared to its average volume of 5,450,000. Newmont Mining Corp has a 52-week low of $31.42 and a 52-week high of $42.04. The company has a quick ratio of 3.58, a current ratio of 4.18 and a debt-to-equity ratio of 0.33. The stock has a market cap of $19,610.00, a price-to-earnings ratio of 52.51 and a beta of 0.24.

A number of equities research analysts recently commented on NEM shares. Zacks Investment Research upgraded Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, October 18th. Royal Bank of Canada reiterated a “hold” rating and issued a $43.00 target price on shares of Newmont Mining in a research report on Tuesday, December 5th. FBR & Co set a $40.00 price objective on Newmont Mining and gave the stock a “hold” rating in a research report on Tuesday, October 31st. BMO Capital Markets restated a “buy” rating and issued a $43.00 price objective on shares of Newmont Mining in a research report on Wednesday, December 20th. Finally, Deutsche Bank lowered Newmont Mining from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $42.00 to $40.00 in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Newmont Mining presently has a consensus rating of “Hold” and a consensus target price of $41.80.

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About Newmont Mining

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.

Institutional Ownership by Quarter for Newmont Mining (NYSE:NEM)

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