Sigma Planning Corp bought a new position in shares of Newmont Mining Corporation (NYSE:NEM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 46,492 shares of the basic materials company’s stock, valued at approximately $1,744,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Deane Retirement Strategies Inc. bought a new stake in Newmont Mining Corporation during the third quarter worth $1,513,000. MUFG Securities EMEA plc bought a new stake in Newmont Mining Corporation during the second quarter worth $12,341,000. Saratoga Research & Investment Management bought a new stake in Newmont Mining Corporation during the third quarter worth $382,000. Shell Asset Management Co. lifted its stake in Newmont Mining Corporation by 173.1% during the third quarter. Shell Asset Management Co. now owns 793,199 shares of the basic materials company’s stock worth $18,283,000 after purchasing an additional 502,784 shares during the last quarter. Finally, Boyer & Corporon Wealth Management LLC lifted its stake in Newmont Mining Corporation by 9.4% during the second quarter. Boyer & Corporon Wealth Management LLC now owns 116,703 shares of the basic materials company’s stock worth $3,780,000 after purchasing an additional 10,048 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

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Newmont Mining Corporation (NYSE:NEM) traded up $0.19 during midday trading on Tuesday, reaching $35.71. The company had a trading volume of 4,428,400 shares, compared to its average volume of 5,482,654. The firm has a market capitalization of $19,050.00, a P/E ratio of 25.55 and a beta of 0.11. Newmont Mining Corporation has a 1-year low of $30.19 and a 1-year high of $39.63. The company has a quick ratio of 3.58, a current ratio of 4.18 and a debt-to-equity ratio of 0.33.

Newmont Mining Corporation (NYSE:NEM) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. Newmont Mining Corporation had a return on equity of 6.20% and a net margin of 1.18%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business posted $0.38 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. sell-side analysts anticipate that Newmont Mining Corporation will post 1.44 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 8th will be issued a dividend of $0.075 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.30 dividend on an annualized basis and a yield of 0.84%. Newmont Mining Corporation’s payout ratio is currently 42.86%.

In other Newmont Mining Corporation news, EVP E Randall Engel sold 5,700 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $36.44, for a total transaction of $207,708.00. Following the completion of the sale, the executive vice president now directly owns 122,178 shares in the company, valued at approximately $4,452,166.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gary J. Goldberg sold 1,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $38.60, for a total value of $38,600.00. Following the sale, the insider now owns 334,730 shares of the company’s stock, valued at $12,920,578. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,700 shares of company stock valued at $1,042,103. Company insiders own 0.32% of the company’s stock.

Several brokerages have recently issued reports on NEM. Royal Bank Of Canada reiterated a “hold” rating and set a $40.00 price target on shares of Newmont Mining Corporation in a report on Tuesday, July 18th. Credit Suisse Group set a $45.00 price target on shares of Newmont Mining Corporation and gave the stock a “buy” rating in a report on Tuesday, July 18th. Scotiabank upped their price target on shares of Newmont Mining Corporation from $43.50 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, July 26th. TD Securities upped their price target on shares of Newmont Mining Corporation from $36.00 to $50.00 and gave the stock a “hold” rating in a report on Wednesday, July 26th. Finally, Argus upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $40.50.

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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