British Columbia Investment Management Corp decreased its position in shares of Newmont Mining Corp. (NYSE:NEM) by 13.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 200,136 shares of the company’s stock after selling 31,084 shares during the period. British Columbia Investment Management Corp’s holdings in Newmont Mining Corp. were worth $7,863,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Klingenstein Fields & Co. LLC boosted its position in shares of Newmont Mining Corp. by 4.4% in the second quarter. Klingenstein Fields & Co. LLC now owns 624,640 shares of the company’s stock worth $24,436,000 after buying an additional 26,270 shares during the period. Carmignac Gestion boosted its position in shares of Newmont Mining Corp. by 3.5% in the second quarter. Carmignac Gestion now owns 13,079,898 shares of the company’s stock worth $511,686,000 after buying an additional 436,300 shares during the period. General Electric Co. boosted its position in shares of Newmont Mining Corp. by 2,393.7% in the second quarter. General Electric Co. now owns 860,218 shares of the company’s stock worth $33,652,000 after buying an additional 825,722 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Newmont Mining Corp. by 48.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 264,229 shares of the company’s stock worth $10,382,000 after buying an additional 86,308 shares during the period. Finally, Mizuho Trust & Banking Co. Ltd. boosted its position in shares of Newmont Mining Corp. by 0.4% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 854,883 shares of the company’s stock worth $33,443,000 after buying an additional 3,446 shares during the period. 79.70% of the stock is owned by institutional investors.

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

Shares of Newmont Mining Corp. (NYSE:NEM) traded down 3.1001% during trading on Wednesday, hitting $32.5099. 7,080,500 shares of the company were exchanged. Newmont Mining Corp. has a 12 month low of $16.05 and a 12 month high of $46.07. The firm’s 50-day moving average price is $34.98 and its 200 day moving average price is $37.97. The firm’s market capitalization is $17.25 billion.

Newmont Mining Corp. (NYSE:NEM) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.12. The company earned $2.04 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Newmont Mining Corp. had a negative net margin of 6.99% and a positive return on equity of 4.94%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. On average, equities research analysts expect that Newmont Mining Corp. will post $1.72 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 8th will be given a $0.05 dividend. This is a positive change from Newmont Mining Corp.’s previous quarterly dividend of $0.03. This represents a $0.20 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Tuesday, December 6th. Newmont Mining Corp.’s dividend payout ratio (DPR) is presently -9.71%.

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Several research analysts have issued reports on NEM shares. Zacks Investment Research cut shares of Newmont Mining Corp. from a “strong-buy” rating to a “hold” rating in a report on Monday, October 3rd. Vetr raised shares of Newmont Mining Corp. from a “buy” rating to a “strong-buy” rating and set a $47.47 target price for the company in a report on Wednesday, August 24th. Barclays PLC raised shares of Newmont Mining Corp. from an “equal weight” rating to an “overweight” rating and set a $45.00 target price for the company in a report on Monday, October 17th. Bank of America Corp. raised shares of Newmont Mining Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, November 22nd. Finally, Mackie raised shares of Newmont Mining Corp. from a “hold” rating to a “buy” rating in a report on Monday, October 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Newmont Mining Corp. currently has a consensus rating of “Buy” and an average target price of $38.65.

In other Newmont Mining Corp. news, EVP William N. Macgowan sold 2,006 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $37.53, for a total transaction of $75,285.18. Following the completion of the transaction, the executive vice president now directly owns 96,773 shares of the company’s stock, valued at approximately $3,631,890.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott P. Lawson sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $35.99, for a total transaction of $53,985.00. Following the transaction, the executive vice president now directly owns 44,795 shares of the company’s stock, valued at $1,612,172.05. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by corporate insiders.

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.

5 Day Chart for NYSE:NEM

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