Principal Financial Group Inc. raised its position in shares of Newmont Mining Corp. (NYSE:NEM) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 797,694 shares of the company’s stock after buying an additional 5,383 shares during the period. Principal Financial Group Inc. owned about 0.15% of Newmont Mining Corp. worth $31,205,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in NEM. Smith Affiliated Capital Corp. boosted its position in shares of Newmont Mining Corp. by 194.1% in the second quarter. Smith Affiliated Capital Corp. now owns 5,000 shares of the company’s stock worth $196,000 after buying an additional 3,300 shares during the last quarter. Advisor Partners LLC acquired a new position in shares of Newmont Mining Corp. during the first quarter worth approximately $203,000. Cypress Capital Management LLC acquired a new position in shares of Newmont Mining Corp. during the first quarter worth approximately $205,000. Quadrature Capital Ltd acquired a new position in shares of Newmont Mining Corp. during the first quarter worth approximately $213,000. Finally, Pekin Singer Strauss Asset Management IL acquired a new position in shares of Newmont Mining Corp. during the second quarter worth approximately $217,000. 79.71% of the stock is currently owned by institutional investors and hedge funds.

Newmont Mining Corp. (NYSE:NEM) traded down 0.22% on Friday, reaching $40.68. 1,307,745 shares of the company’s stock were exchanged. Newmont Mining Corp. has a 1-year low of $15.56 and a 1-year high of $46.07. The firm’s 50 day moving average is $41.71 and its 200 day moving average is $35.83. The stock has a market capitalization of $21.58 billion, a P/E ratio of 549.73 and a beta of 0.22.

Newmont Mining Corp. (NYSE:NEM) last posted its earnings results on Wednesday, July 20th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.14. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Newmont Mining Corp. had a return on equity of 3.89% and a net margin of 0.51%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. Analysts expect that Newmont Mining Corp. will post $1.81 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Tuesday, September 13th. Newmont Mining Corp.’s payout ratio is 166.69%.

NEM has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Newmont Mining Corp. from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Monday, July 18th. HSBC reaffirmed a “buy” rating on shares of Newmont Mining Corp. in a report on Thursday, July 7th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $44.00 target price (up from $38.00) on shares of Newmont Mining Corp. in a report on Wednesday, July 6th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Newmont Mining Corp. in a report on Monday, June 27th. Finally, Vetr raised shares of Newmont Mining Corp. from a “hold” rating to a “buy” rating and set a $36.33 price objective on the stock in a research note on Tuesday, June 21st. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$37.47.

In other news, EVP E Randall Engel sold 8,700 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of C$42.55, for a total transaction of C$370,185.00. Following the transaction, the executive vice president now directly owns 219,389 shares of the company’s stock, valued at C$9,335,001.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William N. Macgowan sold 8,135 shares of the firm’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of C$44.95, for a total value of C$365,668.25. Following the transaction, the executive vice president now directly owns 98,779 shares in the company, valued at C$4,440,116.05. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.

Newmont Mining Corp. Company Profile

Newmont Mining Corporation is a global 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, Indonesia, Ghana and Suriname. Its segments are North America, South America, Asia Pacific and Africa.

5 Day Chart for NYSE:NEM

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