Greatmark Investment Partners Inc. maintained its position in shares of Newmont Mining Corporation (NYSE:NEM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,290 shares of the basic materials company’s stock at the end of the second quarter. Greatmark Investment Partners Inc.’s holdings in Newmont Mining Corporation were worth $269,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC bought a new position in Newmont Mining Corporation during the first quarter valued at about $118,000. WFG Advisors LP increased its position in Newmont Mining Corporation by 83.5% in the first quarter. WFG Advisors LP now owns 3,748 shares of the basic materials company’s stock valued at $124,000 after buying an additional 1,706 shares during the last quarter. Smith Affiliated Capital Corp. increased its position in Newmont Mining Corporation by 8.6% in the second quarter. Smith Affiliated Capital Corp. now owns 3,800 shares of the basic materials company’s stock valued at $123,000 after buying an additional 300 shares during the last quarter. Acrospire Investment Management LLC increased its position in Newmont Mining Corporation by 88.5% in the first quarter. Acrospire Investment Management LLC now owns 4,900 shares of the basic materials company’s stock valued at $162,000 after buying an additional 2,300 shares during the last quarter. Finally, Private Capital Advisors Inc. bought a new position in Newmont Mining Corporation during the first quarter valued at about $202,000. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Newmont Mining Corporation (NYSE:NEM) opened at 36.17 on Tuesday. The firm’s market capitalization is $19.29 billion. Newmont Mining Corporation has a 12 month low of $30.19 and a 12 month high of $46.07. The stock’s 50 day moving average is $33.80 and its 200-day moving average is $34.24.

Newmont Mining Corporation (NYSE:NEM) last announced its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.20. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates 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 firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. Equities analysts anticipate that Newmont Mining Corporation will post $1.33 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be issued a dividend of $0.075 per share. The ex-dividend date is Wednesday, September 13th. This is a positive change from Newmont Mining Corporation’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a dividend yield of 0.83%. Newmont Mining Corporation’s payout ratio is -22.22%.

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Several research firms have recently issued reports on NEM. BidaskClub upgraded shares of Newmont Mining Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Scotiabank boosted their price objective on shares of Newmont Mining Corporation from $43.50 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Newmont Mining Corporation from a “buy” rating to a “hold” rating in a report on Friday. Jefferies Group LLC restated a “hold” rating and set a $35.00 price objective (down previously from $37.00) on shares of Newmont Mining Corporation in a report on Friday, July 14th. Finally, Argus upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $41.73.

In related news, EVP E Randall Engel sold 5,700 shares of Newmont Mining Corporation stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $35.00, for a total transaction of $199,500.00. Following the sale, the executive vice president now directly owns 256,800 shares in the company, valued at approximately $8,988,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gary J. Goldberg sold 1,000 shares of Newmont Mining Corporation stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $31.80, for a total transaction of $31,800.00. Following the sale, the insider now owns 334,730 shares in the company, valued at $10,644,414. The disclosure for this sale can be found here. Insiders have sold a total of 22,907 shares of company stock worth $803,461 over the last ninety days. 0.32% of the stock is currently owned by insiders.

About Newmont Mining Corporation

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.

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

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