Newmont Mining Corp. (NYSE:NEM) declared a quarterly dividend on Wednesday, October 26th. Investors of record on Thursday, December 8th will be paid a dividend of 0.05 per share on Thursday, December 29th. This represents a $0.20 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Tuesday, December 6th. This is an increase from Newmont Mining Corp.’s previous quarterly dividend of $0.03.

Newmont Mining Corp. (NYSE:NEM) opened at 32.44 on Thursday. Newmont Mining Corp. has a 52 week low of $16.05 and a 52 week high of $46.07. The company has a 50 day moving average of $34.92 and a 200 day moving average of $37.93. The company’s market capitalization is $17.22 billion.

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

Dividend History for Newmont Mining Corp. (NYSE:NEM)

Several research firms have commented on NEM. Barclays PLC lifted their price objective on shares of Newmont Mining Corp. from $38.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Monday, August 8th. Morgan Stanley began coverage on shares of Newmont Mining Corp. in a research note on Tuesday, August 9th. They set an “equal weight” rating and a $41.00 price objective for the company. Citigroup Inc. reaffirmed a “buy” rating on shares of Newmont Mining Corp. in a research note on Thursday, August 18th. Zacks Investment Research lowered shares of Newmont Mining Corp. from a “buy” rating to a “hold” rating in a research note on Monday, August 22nd. Finally, Vetr raised shares of Newmont Mining Corp. from a “buy” rating to a “strong-buy” rating and set a $47.47 price objective for the company in a research note on Wednesday, August 24th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the 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 Scott P. Lawson sold 1,500 shares of the business’s stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $35.99, for a total value of $53,985.00. Following the completion of the transaction, the executive vice president now directly owns 44,795 shares in the company, valued at $1,612,172.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William N. Macgowan sold 2,006 shares of the business’s stock in a transaction dated Tuesday, November 1st. The stock was 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 owns 96,773 shares of the company’s stock, valued at $3,631,890.69. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the company. Sei Investments Co. increased its position in Newmont Mining Corp. by 570.0% in the second quarter. Sei Investments Co. now owns 41,055 shares of the company’s stock valued at $1,606,000 after buying an additional 34,927 shares during the period. Janney Montgomery Scott LLC increased its position in Newmont Mining Corp. by 94.0% in the second quarter. Janney Montgomery Scott LLC now owns 72,998 shares of the company’s stock valued at $2,856,000 after buying an additional 35,369 shares during the period. Public Sector Pension Investment Board increased its position in Newmont Mining Corp. by 18.1% in the second quarter. Public Sector Pension Investment Board now owns 100,584 shares of the company’s stock valued at $3,935,000 after buying an additional 15,400 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Newmont Mining Corp. by 933.3% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,300 shares of the company’s stock valued at $364,000 after buying an additional 8,400 shares during the period. Finally, AXA increased its position in Newmont Mining Corp. by 44.5% in the second quarter. AXA now owns 676,178 shares of the company’s stock valued at $26,452,000 after buying an additional 208,394 shares during the period. Institutional investors and hedge funds own 79.70% of the company’s stock.

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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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