Nisa Investment Advisors LLC Has $5.50 Million Position in Newmont Mining Corp (NEM)
Nisa Investment Advisors LLC increased its stake in shares of Newmont Mining Corp (NYSE:NEM) by 7.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,512 shares of the basic materials company’s stock after buying an additional 10,600 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Newmont Mining were worth $5,497,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of NEM. Sun Life Financial INC lifted its position in shares of Newmont Mining by 43,144.4% during the 2nd quarter. Sun Life Financial INC now owns 3,892 shares of the basic materials company’s stock worth $126,000 after buying an additional 3,883 shares during the period. Tiedemann Wealth Management LLC lifted its position in shares of Newmont Mining by 66.5% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 14,862 shares of the basic materials company’s stock worth $170,000 after buying an additional 5,938 shares during the period. Parametrica Management Ltd bought a new position in shares of Newmont Mining during the 3rd quarter worth approximately $222,000. Timber Hill LLC bought a new position in Newmont Mining in the 3rd quarter valued at $260,000. Finally, Veritable L.P. raised its position in Newmont Mining by 4.6% in the 2nd 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. Institutional investors and hedge funds own 81.86% of the company’s stock.
NEM has been the subject of several research analyst reports. TheStreet upgraded Newmont Mining from a “c+” rating to a “b” rating in a research report on Wednesday, October 11th. Zacks Investment Research upgraded Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, October 18th. TD Securities set a $42.00 price objective on Newmont Mining and gave the company a “hold” rating in a research report on Thursday, October 19th. FBR & Co set a $40.00 price objective on Newmont Mining and gave the company a “hold” rating in a research report on Tuesday, October 31st. Finally, B. Riley reiterated a “neutral” rating on shares of Newmont Mining in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $42.64.
In other news, EVP E Randall Engel sold 5,700 shares of Newmont Mining stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $36.44, for a total value of $207,708.00. Following the completion of the sale, the executive vice president now directly owns 122,178 shares of the company’s stock, valued at approximately $4,452,166.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary J. Goldberg sold 1,000 shares of Newmont Mining stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $37.89, for a total value of $37,890.00. Following the completion of the sale, the insider now directly owns 156,096 shares of the company’s stock, valued at $5,914,477.44. The disclosure for this sale can be found here. Insiders sold a total of 27,700 shares of company stock valued at $1,020,676 over the last three months. Insiders own 0.32% of the company’s stock.
Shares of Newmont Mining Corp (NYSE NEM) opened at $39.79 on Tuesday. The company has a market capitalization of $21,220.00, a price-to-earnings ratio of 56.84 and a beta of 0.10. Newmont Mining Corp has a 52 week low of $31.42 and a 52 week high of $39.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.18 and a quick ratio of 3.58.
Newmont Mining (NYSE:NEM) last released its earnings results on Thursday, October 26th. The basic materials company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Newmont Mining had a return on equity of 6.20% and a net margin of 1.18%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $0.38 EPS. sell-side analysts predict that Newmont Mining Corp will post 1.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 8th were paid a $0.075 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.30 annualized dividend and a dividend yield of 0.75%. Newmont Mining’s dividend payout ratio (DPR) is currently 42.86%.
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Newmont Mining 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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