Two Sigma Advisers LP trimmed its stake in Newmont Mining Corp (NYSE:NEM) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,843,940 shares of the basic materials company’s stock after selling 42,847 shares during the period. Two Sigma Advisers LP owned 0.35% of Newmont Mining worth $69,185,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEM. Premia Global Advisors LLC acquired a new position in Newmont Mining during the 4th quarter valued at about $139,000. Stone Ridge Asset Management LLC acquired a new position in Newmont Mining during the 4th quarter valued at about $2,896,000. QS Investors LLC increased its position in Newmont Mining by 102.3% during the 4th quarter. QS Investors LLC now owns 35,652 shares of the basic materials company’s stock valued at $1,338,000 after buying an additional 18,026 shares in the last quarter. Brandywine Global Investment Management LLC increased its position in Newmont Mining by 3.1% during the 4th quarter. Brandywine Global Investment Management LLC now owns 322,129 shares of the basic materials company’s stock valued at $12,087,000 after buying an additional 9,649 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in Newmont Mining by 3.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 268,972 shares of the basic materials company’s stock valued at $10,092,000 after buying an additional 8,010 shares in the last quarter. 82.31% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Elaine J. Dorward-King sold 10,250 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $36.48, for a total value of $373,920.00. Following the sale, the executive vice president now owns 71,864 shares in the company, valued at $2,621,598.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen P. Gottesfeld sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $37.91, for a total value of $189,550.00. The disclosure for this sale can be found here. Insiders sold 32,700 shares of company stock worth $1,242,786 in the last 90 days. Company insiders own 0.32% of the company’s stock.
Newmont Mining Corp (NYSE NEM) opened at $38.22 on Wednesday. The company has a quick ratio of 3.14, a current ratio of 3.63 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $20,261.37, a PE ratio of -212.32 and a beta of 0.29. Newmont Mining Corp has a 1-year low of $31.42 and a 1-year high of $42.04.
Newmont Mining (NYSE:NEM) last announced its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. Newmont Mining had a positive return on equity of 6.52% and a negative net margin of 1.33%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.25 earnings per share. sell-side analysts anticipate that Newmont Mining Corp will post 1.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 7th. This is a positive change from Newmont Mining’s previous quarterly dividend of $0.08. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.47%. Newmont Mining’s dividend payout ratio is currently -311.09%.
Several brokerages recently issued reports on NEM. TheStreet lowered Newmont Mining from a “b-” rating to a “c+” rating in a research report on Monday. Zacks Investment Research raised Newmont Mining from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Friday, February 9th. BMO Capital Markets set a $45.00 target price on Newmont Mining and gave the company a “buy” rating in a research report on Tuesday, November 14th. B. Riley upped their target price on Newmont Mining from $40.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Finally, Citigroup upped their target price on Newmont Mining from $37.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, March 1st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $42.57.
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Newmont Mining 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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