Legacy Capital Partners Inc. reduced its stake in shares of Newmont Mining Corporation (NYSE:NEM) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,855 shares of the basic materials company’s stock after selling 10 shares during the period. Legacy Capital Partners Inc.’s holdings in Newmont Mining Corporation were worth $319,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NEM. Advisory Services Network LLC purchased a new stake in shares of Newmont Mining Corporation during the first quarter worth about $118,000. Smith Affiliated Capital Corp. increased its stake in shares of 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 worth $123,000 after buying an additional 300 shares during the last quarter. WFG Advisors LP increased its stake in shares of 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 worth $124,000 after buying an additional 1,706 shares during the last quarter. Acrospire Investment Management LLC increased its stake in shares of 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 worth $162,000 after buying an additional 2,300 shares during the last quarter. Finally, Private Capital Advisors Inc. purchased a new stake in shares of Newmont Mining Corporation during the first quarter worth about $202,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Shares of Newmont Mining Corporation (NYSE:NEM) opened at 35.74 on Wednesday. The stock’s 50 day moving average is $34.04 and its 200 day moving average is $34.28. Newmont Mining Corporation has a 12 month low of $30.19 and a 12 month high of $46.07. The firm’s market cap is $19.06 billion.

Newmont Mining Corporation (NYSE:NEM) last issued its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.20. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Newmont Mining Corporation had a positive return on equity of 6.67% and a negative net margin of 6.73%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. Equities research analysts expect that Newmont Mining Corporation will post $1.33 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.84%. This is a boost from Newmont Mining Corporation’s previous quarterly dividend of $0.05. The ex-dividend date is Wednesday, September 13th. Newmont Mining Corporation’s dividend payout ratio is presently -22.22%.

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A number of brokerages have issued reports on NEM. BidaskClub upgraded shares of Newmont Mining Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research downgraded shares of Newmont Mining Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. Raymond James Financial, Inc. began coverage on shares of Newmont Mining Corporation in a research note on Thursday, June 15th. They set an “outperform” rating and a $43.00 price objective on the stock. Royal Bank Of Canada set a $40.00 price objective on shares of Newmont Mining Corporation and gave the stock a “hold” rating in a research note on Monday, June 12th. Finally, Scotiabank upgraded shares of Newmont Mining Corporation from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $43.00 to $43.50 in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $41.73.

In other news, EVP E Randall Engel sold 5,700 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $35.00, for a total value of $199,500.00. Following the sale, the executive vice president now directly owns 256,800 shares of the company’s stock, valued at $8,988,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Thomas Ronald Palmer sold 1,250 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $31.80, for a total value of $39,750.00. Following the completion of the sale, the chief operating officer now directly owns 91,862 shares in the company, valued at $2,921,211.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,907 shares of company stock worth $803,461. 0.32% of the stock is 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.

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

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