Axa lifted its holdings in Newmont Mining Corporation (NYSE:NEM) by 7.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,018 shares of the basic materials company’s stock after purchasing an additional 8,355 shares during the quarter. Axa’s holdings in Newmont Mining Corporation were worth $3,952,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of NEM. Flossbach Von Storch AG boosted its position in shares of Newmont Mining Corporation by 29.2% in the 2nd quarter. Flossbach Von Storch AG now owns 7,873,186 shares of the basic materials company’s stock worth $255,012,000 after purchasing an additional 1,780,593 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Newmont Mining Corporation by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 52,924,916 shares of the basic materials company’s stock worth $1,744,405,000 after purchasing an additional 1,671,897 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Newmont Mining Corporation by 4.8% in the 1st quarter. Van ECK Associates Corp now owns 36,170,799 shares of the basic materials company’s stock worth $1,192,190,000 after purchasing an additional 1,656,051 shares in the last quarter. Ruffer LLP boosted its position in shares of Newmont Mining Corporation by 6,080.4% in the 1st quarter. Ruffer LLP now owns 1,113,828 shares of the basic materials company’s stock worth $38,425,000 after purchasing an additional 1,095,806 shares in the last quarter. Finally, Global Thematic Partners LLC boosted its position in shares of Newmont Mining Corporation by 28.4% in the 2nd quarter. Global Thematic Partners LLC now owns 4,071,299 shares of the basic materials company’s stock worth $131,868,000 after purchasing an additional 901,550 shares in the last quarter. 81.08% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on NEM. Royal Bank Of Canada set a $41.00 price objective on Newmont Mining Corporation and gave the stock a “hold” rating in a research report on Monday, August 28th. Zacks Investment Research raised Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Monday, July 31st. Argus raised Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Thursday, July 27th. BidaskClub raised Newmont Mining Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, BMO Capital Markets set a $40.00 price objective on Newmont Mining Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $40.96.

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Newmont Mining Corporation (NYSE NEM) opened at 37.85 on Monday. The stock has a 50 day moving average price of $37.24 and a 200 day moving average price of $34.52. The firm’s market cap is $20.18 billion. Newmont Mining Corporation has a one year low of $30.19 and a one year high of $41.97.

Newmont Mining Corporation (NYSE:NEM) last issued its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, topping 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 positive return on equity of 6.67% and a negative net margin of 6.73%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 earnings per share. Equities research analysts expect that Newmont Mining Corporation will post $1.36 EPS for the current year.

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

In other news, insider Gary J. Goldberg sold 1,000 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $31.80, for a total transaction of $31,800.00. Following the completion of the sale, the insider now owns 334,730 shares in the company, valued at $10,644,414. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott P. Lawson sold 5,000 shares of the stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $32.79, for a total transaction of $163,950.00. Following the sale, the executive vice president now 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 have sold 19,457 shares of company stock valued at $690,811 in the last quarter. Insiders own 0.32% of the company’s stock.

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.

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

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