Captrust Financial Advisors bought a new stake in shares of Newmont Mining Corporation (NYSE:NEM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 20,000 shares of the basic materials company’s stock, valued at approximately $648,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cleararc Capital Inc. raised its stake in Newmont Mining Corporation by 0.6% during the 1st quarter. Cleararc Capital Inc. now owns 12,988 shares of the basic materials company’s stock valued at $428,000 after buying an additional 73 shares during the last quarter. Parkwood LLC raised its stake in Newmont Mining Corporation by 0.9% during the 1st quarter. Parkwood LLC now owns 19,149 shares of the basic materials company’s stock valued at $631,000 after buying an additional 170 shares during the last quarter. Advantus Capital Management Inc raised its stake in Newmont Mining Corporation by 0.4% during the 1st quarter. Advantus Capital Management Inc now owns 53,529 shares of the basic materials company’s stock valued at $1,764,000 after buying an additional 224 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in Newmont Mining Corporation by 0.4% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 66,675 shares of the basic materials company’s stock valued at $2,198,000 after buying an additional 233 shares during the last quarter. Finally, Legacy Capital Partners Inc. raised its stake in Newmont Mining Corporation by 2.8% during the 1st quarter. Legacy Capital Partners Inc. now owns 9,865 shares of the basic materials company’s stock valued at $326,000 after buying an additional 265 shares during the last quarter. Institutional investors and hedge funds own 81.08% of the company’s stock.

A number of equities research analysts have weighed in on NEM shares. 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. Credit Suisse Group restated a “buy” rating and issued a $47.00 price objective on shares of Newmont Mining Corporation in a research note on Wednesday, June 14th. Argus upgraded Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Thursday, July 27th. Zacks Investment Research upgraded Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Monday, July 31st. Finally, BMO Capital Markets set a $40.00 price objective on Newmont Mining Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $40.96.

In other Newmont Mining Corporation news, insider Gary J. Goldberg sold 1,000 shares of Newmont Mining Corporation stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $31.80, for a total value of $31,800.00. Following the completion of the transaction, the insider now owns 334,730 shares of the company’s stock, valued at $10,644,414. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott P. Lawson sold 5,000 shares of Newmont Mining Corporation stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $32.79, for a total transaction of $163,950.00. Following the completion of the transaction, the executive vice president now directly owns 56,696 shares of the company’s stock, valued at approximately $1,859,061.84. The disclosure for this sale can be found here. Insiders sold 19,457 shares of company stock valued at $690,811 in the last ninety days. 0.32% of the stock is owned by corporate insiders.

Shares of Newmont Mining Corporation (NYSE:NEM) traded up 0.24% on Thursday, reaching $37.97. 963,651 shares of the company traded hands. The company has a 50-day moving average of $37.12 and a 200-day moving average of $34.44. The stock’s market capitalization is $20.25 billion. Newmont Mining Corporation has a 1-year low of $30.19 and a 1-year high of $41.97.

Newmont Mining Corporation (NYSE:NEM) last released its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.20. Newmont Mining Corporation had a negative net margin of 6.73% and a positive return on equity of 6.67%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts anticipate that Newmont Mining Corporation will post $1.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be issued a $0.075 dividend. This is a boost from Newmont Mining Corporation’s previous quarterly dividend of $0.05. The ex-dividend date is Wednesday, September 13th. This represents a $0.30 dividend on an annualized basis and a yield of 0.79%. Newmont Mining Corporation’s payout ratio is presently -22.22%.

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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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