Principal Financial Group Inc. reduced its stake in Newmont Mining Corporation (NYSE:NEM) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,018,863 shares of the basic materials company’s stock after selling 21,421 shares during the period. Principal Financial Group Inc. owned 0.19% of Newmont Mining Corporation worth $38,218,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in NEM. Smith Affiliated Capital Corp. increased its stake in 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 valued at $123,000 after purchasing an additional 300 shares during the last quarter. Sun Life Financial INC increased its stake in Newmont Mining Corporation by 43,144.4% in the second quarter. Sun Life Financial INC now owns 3,892 shares of the basic materials company’s stock valued at $126,000 after purchasing an additional 3,883 shares during the last quarter. Parametrica Management Ltd purchased a new position in Newmont Mining Corporation in the third quarter valued at approximately $222,000. Veritable L.P. increased its stake in Newmont Mining Corporation by 4.6% in the second quarter. Veritable L.P. now owns 8,473 shares of the basic materials company’s stock valued at $274,000 after purchasing an additional 370 shares during the last quarter. Finally, Creative Planning increased its stake in Newmont Mining Corporation by 22.3% in the second quarter. Creative Planning now owns 8,761 shares of the basic materials company’s stock valued at $284,000 after purchasing an additional 1,598 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Several equities analysts have commented on NEM shares. Scotiabank increased their price target on shares of Newmont Mining Corporation from $43.50 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, July 26th. TD Securities increased their price target on shares of Newmont Mining Corporation from $36.00 to $50.00 and gave the company a “hold” rating in a research note on Wednesday, July 26th. Argus upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Monday, July 31st. Finally, BidaskClub upgraded shares of Newmont Mining Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $40.83.

In other Newmont Mining Corporation news, EVP Elaine J. Dorward-King sold 10,250 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $38.27, for a total value of $392,267.50. Following the completion of the sale, the executive vice president now owns 82,114 shares of the company’s stock, valued at $3,142,502.78. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Gary J. Goldberg sold 1,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $38.60, for a total value of $38,600.00. Following the completion of the sale, the insider now directly owns 334,730 shares of the company’s stock, valued at approximately $12,920,578. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,700 shares of company stock worth $1,042,103. 0.32% of the stock is currently owned by insiders.

Newmont Mining Corporation (NEM) opened at $36.09 on Friday. Newmont Mining Corporation has a 1 year low of $30.40 and a 1 year high of $39.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.18 and a quick ratio of 3.58. The firm has a market cap of $19,242.78, a price-to-earnings ratio of 25.96 and a beta of 0.11.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 8th will be given a $0.075 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.30 dividend on an annualized basis and a yield of 0.83%. Newmont Mining Corporation’s dividend payout ratio (DPR) is 200.00%.

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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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