Newmont Mining Corporation (NYSE:NEM) insider Gary J. Goldberg sold 1,000 shares of Newmont Mining Corporation stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $37.11, for a total transaction of $37,110.00. Following the transaction, the insider now directly owns 334,730 shares in the company, valued at $12,421,830.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Newmont Mining Corporation (NYSE:NEM) traded down 1.20% during midday trading on Friday, hitting $36.15. 4,072,469 shares of the stock traded hands. Newmont Mining Corporation has a one year low of $30.19 and a one year high of $46.07. The stock’s market cap is $19.28 billion. The company has a 50-day moving average price of $33.80 and a 200 day moving average price of $34.24.

Newmont Mining Corporation (NYSE:NEM) last posted its earnings results on Tuesday, July 25th. The basic materials company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.20. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.77 billion. Newmont Mining Corporation had a negative net margin of 6.73% and a positive return on equity of 6.67%. The company’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm posted $0.44 EPS. Equities research analysts anticipate that Newmont Mining Corporation will post $1.38 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.83%. This is an increase from Newmont Mining Corporation’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Wednesday, September 13th. Newmont Mining Corporation’s dividend payout ratio (DPR) is -22.22%.

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Several brokerages recently issued reports on NEM. BidaskClub raised shares of Newmont Mining Corporation from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research lowered shares of Newmont Mining Corporation from a “buy” rating to a “hold” rating in a report on Friday. Scotiabank lifted their price objective on shares of Newmont Mining Corporation from $43.50 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. TD Securities raised their target price on shares of Newmont Mining Corporation from $36.00 to $50.00 and gave the company a “hold” rating in a research note on Wednesday, July 26th. Finally, Argus upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $41.73.

Several hedge funds and other institutional investors have recently bought and sold shares of NEM. Federated Investors Inc. PA increased its position in Newmont Mining Corporation by 35.3% in the second quarter. Federated Investors Inc. PA now owns 51,345 shares of the basic materials company’s stock worth $1,663,000 after buying an additional 13,402 shares during the period. Pax World Management LLC increased its position in Newmont Mining Corporation by 101.5% in the second quarter. Pax World Management LLC now owns 168,149 shares of the basic materials company’s stock worth $5,447,000 after buying an additional 84,708 shares during the period. Global Thematic Partners LLC increased its position in Newmont Mining Corporation by 28.4% in the second quarter. Global Thematic Partners LLC now owns 4,071,299 shares of the basic materials company’s stock worth $131,868,000 after buying an additional 901,550 shares during the period. Marshall Wace North America L.P. bought a new position in Newmont Mining Corporation during the second quarter worth approximately $360,000. Finally, Jennison Associates LLC increased its position in Newmont Mining Corporation by 5,712.7% in the second quarter. Jennison Associates LLC now owns 636,496 shares of the basic materials company’s stock worth $20,616,000 after buying an additional 625,546 shares during the period. 81.41% of the stock is currently owned by hedge funds and other institutional investors.

Newmont Mining Corporation Company 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.

Insider Buying and Selling by Quarter for Newmont Mining Corporation (NYSE:NEM)

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