Impala Asset Management LLC lessened its stake in Newmont Mining Corporation (NYSE:NEM) by 43.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 681,225 shares of the basic materials company’s stock after selling 527,254 shares during the quarter. Impala Asset Management LLC owned 0.13% of Newmont Mining Corporation worth $22,065,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Newmont Mining Corporation by 3.3% in the first quarter. Vanguard Group Inc. now owns 52,924,916 shares of the basic materials company’s stock valued at $1,744,405,000 after buying an additional 1,671,897 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Newmont Mining Corporation by 4.8% in the first quarter. Van ECK Associates Corp now owns 36,170,799 shares of the basic materials company’s stock valued at $1,192,190,000 after buying an additional 1,656,051 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Newmont Mining Corporation by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 9,445,025 shares of the basic materials company’s stock valued at $305,925,000 after buying an additional 309,739 shares during the period. APG Asset Management N.V. boosted its holdings in shares of Newmont Mining Corporation by 6.4% in the second quarter. APG Asset Management N.V. now owns 8,933,153 shares of the basic materials company’s stock valued at $289,345,000 after buying an additional 534,550 shares during the period. Finally, Flossbach Von Storch AG boosted its holdings in shares of Newmont Mining Corporation by 29.2% in the second quarter. Flossbach Von Storch AG now owns 7,873,186 shares of the basic materials company’s stock valued at $255,012,000 after buying an additional 1,780,593 shares during the period. Institutional investors own 81.08% of the company’s stock.

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Shares of Newmont Mining Corporation (NEM) traded down 0.76% during mid-day trading on Friday, hitting $37.77. 1,650,148 shares of the stock were exchanged. The stock’s market capitalization is $20.14 billion. The stock’s 50 day moving average price is $37.20 and its 200-day moving average price is $34.49. Newmont Mining Corporation has a 12-month low of $30.19 and a 12-month high of $41.97.

Newmont Mining Corporation (NYSE:NEM) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.20. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.77 billion. Newmont Mining Corporation had a positive return on equity of 6.67% and a negative net margin of 6.73%. Newmont Mining Corporation’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. On average, equities research analysts expect that Newmont Mining Corporation will post $1.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.30 annualized dividend and a yield of 0.79%. This is a positive change from Newmont Mining Corporation’s previous quarterly dividend of $0.05. Newmont Mining Corporation’s dividend payout ratio is currently -33.33%.

In other Newmont Mining Corporation news, insider Gary J. Goldberg sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $31.80, for a total value of $31,800.00. Following the completion of the sale, the insider now owns 334,730 shares of the company’s stock, valued at $10,644,414. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Scott P. Lawson sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $32.79, for a total value of $163,950.00. Following the completion of the sale, 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. In the last ninety days, insiders sold 19,457 shares of company stock valued at $690,811. 0.32% of the stock is owned by insiders.

Several research analysts have recently weighed in on NEM shares. Scotiabank upgraded shares of Newmont Mining Corporation from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $43.00 to $43.50 in a report on Wednesday, July 5th. Royal Bank Of Canada set a $41.00 price target on shares of Newmont Mining Corporation and gave the company a “hold” rating in a report on Monday, August 28th. Deutsche Bank AG reiterated a “buy” rating and issued a $42.00 price target (down previously from $44.00) on shares of Newmont Mining Corporation in a report on Sunday, June 25th. Credit Suisse Group set a $45.00 price target on shares of Newmont Mining Corporation and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, BidaskClub cut shares of Newmont Mining Corporation from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $40.96.

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.

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

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