Advisor Partners LLC raised its stake in shares of Newmont Mining Corporation (NYSE:NEM) by 6.0% during the second quarter, Holdings Channel reports. The firm owned 12,027 shares of the basic materials company’s stock after buying an additional 678 shares during the period. Advisor Partners LLC’s holdings in Newmont Mining Corporation were worth $390,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of Newmont Mining Corporation during the first quarter worth $118,000. Smith Affiliated Capital Corp. raised 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 in the last quarter. WFG Advisors LP raised 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 in the last quarter. Acrospire Investment Management LLC raised 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 in the last quarter. Finally, Private Capital Advisors Inc. bought a new stake in shares of Newmont Mining Corporation during the first quarter worth $202,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

Shares of Newmont Mining Corporation (NYSE:NEM) opened at 36.10 on Thursday. The stock’s market cap is $19.25 billion. Newmont Mining Corporation has a 52 week low of $30.19 and a 52 week high of $46.07. The firm has a 50-day moving average price of $34.31 and a 200-day moving average price of $34.30.

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

The firm 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 dividend of $0.075 per share. The ex-dividend date is Wednesday, September 13th. This is an increase from Newmont Mining Corporation’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a yield of 0.83%. Newmont Mining Corporation’s payout ratio is currently -22.22%.

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NEM has been the subject of a number of research reports. Deutsche Bank AG reiterated a “buy” rating and set a $42.00 target price (down from $44.00) on shares of Newmont Mining Corporation in a research note on Sunday, June 25th. BMO Capital Markets boosted their target price on shares of Newmont Mining Corporation to $54.00 and gave the company a “buy” rating in a research note on Thursday, May 11th. Credit Suisse Group reiterated a “buy” rating on shares of Newmont Mining Corporation in a research note on Thursday, April 27th. 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. Finally, Zacks Investment Research upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $41.73.

In other Newmont Mining Corporation news, insider Gary J. Goldberg sold 1,000 shares of Newmont Mining Corporation stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $37.11, for a total value of $37,110.00. Following the completion of the transaction, the insider now owns 334,730 shares of the company’s stock, valued at $12,421,830.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Thomas Ronald Palmer sold 1,250 shares of Newmont Mining Corporation stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $37.11, for a total transaction of $46,387.50. Following the completion of the transaction, the chief operating officer now directly owns 90,612 shares of the company’s stock, valued at approximately $3,362,611.32. The disclosure for this sale can be found here. Insiders have sold 22,907 shares of company stock valued at $803,461 over the last 90 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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