Crossmark Global Holdings Inc. decreased its holdings in shares of Newmont Mining Corp (NYSE:NEM) by 24.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,212 shares of the basic materials company’s stock after selling 13,431 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Newmont Mining were worth $1,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the business. Timber Hill LLC purchased a new position in Newmont Mining in the third quarter worth $260,000. Deane Retirement Strategies Inc. purchased a new stake in shares of Newmont Mining during the third quarter worth about $1,513,000. Commonwealth Bank of Australia boosted its holdings in shares of Newmont Mining by 5.7% during the third quarter. Commonwealth Bank of Australia now owns 433,082 shares of the basic materials company’s stock worth $16,239,000 after purchasing an additional 23,286 shares during the period. Saratoga Research & Investment Management purchased a new stake in shares of Newmont Mining during the third quarter worth about $382,000. Finally, Gabelli Funds LLC boosted its holdings in shares of Newmont Mining by 3.7% during the third quarter. Gabelli Funds LLC now owns 2,731,471 shares of the basic materials company’s stock worth $102,457,000 after purchasing an additional 97,300 shares during the period. 81.94% of the stock is currently owned by institutional investors and hedge funds.
Newmont Mining Corp (NEM) traded down $0.02 during mid-day trading on Thursday, hitting $37.66. 4,150,000 shares of the company were exchanged, compared to its average volume of 6,320,000. Newmont Mining Corp has a 52-week low of $31.42 and a 52-week high of $42.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.14 and a current ratio of 3.63. The stock has a market cap of $20,090.00, a PE ratio of 31.38 and a beta of 0.29.
Newmont Mining (NYSE:NEM) last released its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. Newmont Mining had a negative net margin of 1.33% and a positive return on equity of 6.52%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the company earned $0.25 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. equities research analysts predict that Newmont Mining Corp will post 1.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, March 7th. This is a positive change from Newmont Mining’s previous quarterly dividend of $0.08. Newmont Mining’s payout ratio is 25.00%.
A number of equities analysts recently issued reports on the stock. Scotiabank reissued a “buy” rating and issued a $49.00 price target on shares of Newmont Mining in a research note on Thursday, March 1st. ValuEngine raised shares of Newmont Mining from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Citigroup raised their target price on shares of Newmont Mining from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, March 1st. B. Riley increased their price target on shares of Newmont Mining from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Finally, Bank of America increased their price target on shares of Newmont Mining from $46.00 to $49.00 and gave the company a “buy” rating in a report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $42.57.
In other Newmont Mining news, insider Gary J. Goldberg sold 1,000 shares of the company’s 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 $37,890.00. Following the transaction, the insider now owns 156,096 shares in the company, valued at approximately $5,914,477.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Elaine J. Dorward-King sold 10,250 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $36.48, for a total transaction of $373,920.00. Following the completion of the sale, the executive vice president now directly owns 71,864 shares in the company, valued at $2,621,598.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,700 shares of company stock valued at $1,242,786. 0.32% of the stock is currently owned by company insiders.
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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.
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