Newmont Mining Corp. (NEM) Shares Bought by LMR Partners LLP
LMR Partners LLP increased its stake in Newmont Mining Corp. (NYSE:NEM) by 20.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,498 shares of the company’s stock after buying an additional 12,349 shares during the period. LMR Partners LLP’s holdings in Newmont Mining Corp. were worth $2,836,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Newmont Mining Corp. during the fourth quarter valued at $43,180,000. Aperio Group LLC raised its position in Newmont Mining Corp. by 20.9% in the first quarter. Aperio Group LLC now owns 164,887 shares of the company’s stock valued at $4,383,000 after buying an additional 28,479 shares during the period. Teachers Advisors Inc. raised its position in Newmont Mining Corp. by 18.8% in the first quarter. Teachers Advisors Inc. now owns 938,482 shares of the company’s stock valued at $24,945,000 after buying an additional 148,448 shares during the period. Franklin Resources Inc. raised its position in Newmont Mining Corp. by 1.1% in the first quarter. Franklin Resources Inc. now owns 135,018 shares of the company’s stock valued at $3,588,000 after buying an additional 1,529 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new position in Newmont Mining Corp. during the first quarter valued at $650,000. 79.71% of the stock is owned by institutional investors and hedge funds.
Shares of Newmont Mining Corp. (NYSE:NEM) traded up 0.99% during midday trading on Wednesday, reaching $34.59. 8,820,415 shares of the company’s stock were exchanged. The stock has a market cap of $18.35 billion, a price-to-earnings ratio of 467.43 and a beta of 0.25. The firm has a 50 day moving average of $40.20 and a 200-day moving average of $36.64. Newmont Mining Corp. has a one year low of $16.05 and a one year high of $46.07.
Newmont Mining Corp. (NYSE:NEM) last announced its earnings results on Wednesday, July 20th. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.14. Newmont Mining Corp. had a net margin of 0.51% and a return on equity of 3.89%. The business earned $2 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm earned $0.26 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities research analysts anticipate that Newmont Mining Corp. will post $1.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Tuesday, September 13th. Newmont Mining Corp.’s dividend payout ratio is 166.69%.
Several analysts have recently commented on the company. Morgan Stanley restated a “hold” rating and issued a $41.00 target price on shares of Newmont Mining Corp. in a research note on Tuesday, August 16th. Barclays PLC raised their target price on Newmont Mining Corp. from $38.00 to $45.00 and gave the company an “equal weight” rating in a research note on Monday, August 8th. Citigroup Inc. restated a “buy” rating on shares of Newmont Mining Corp. in a research note on Thursday, August 18th. Zacks Investment Research downgraded Newmont Mining Corp. from a “buy” rating to a “hold” rating in a research note on Monday, August 22nd. Finally, Vetr downgraded Newmont Mining Corp. from a “strong-buy” rating to a “buy” rating and set a $45.64 target price for the company. in a research note on Tuesday, September 6th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$37.47.
In other news, EVP Scott P. Lawson sold 4,700 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of C$40.35, for a total transaction of C$189,645.00. Following the sale, the executive vice president now owns 46,295 shares in the company, valued at C$1,868,003.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Stephen P. Gottesfeld sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of C$41.59, for a total transaction of C$415,900.00. Following the sale, the executive vice president now owns 122,857 shares in the company, valued at approximately C$5,109,622.63. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.
About Newmont Mining Corp.
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.
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