Norinchukin Bank The raised its holdings in shares of Newmont Mining Corp (NYSE:NEM) by 13.5% during the third quarter, Holdings Channel reports. The fund owned 68,606 shares of the basic materials company’s stock after buying an additional 8,163 shares during the period. Norinchukin Bank The’s holdings in Newmont Mining were worth $2,072,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NEM. Cabot Wealth Management Inc. boosted its stake in shares of Newmont Mining by 0.8% during the second quarter. Cabot Wealth Management Inc. now owns 173,058 shares of the basic materials company’s stock valued at $6,526,000 after purchasing an additional 1,403 shares during the period. Oppenheimer & Co. Inc. boosted its stake in shares of Newmont Mining by 1.7% during the second quarter. Oppenheimer & Co. Inc. now owns 90,897 shares of the basic materials company’s stock valued at $3,429,000 after purchasing an additional 1,485 shares during the period. First Quadrant L P CA boosted its stake in shares of Newmont Mining by 11.6% during the third quarter. First Quadrant L P CA now owns 15,453 shares of the basic materials company’s stock valued at $467,000 after purchasing an additional 1,607 shares during the period. Twin Capital Management Inc. boosted its stake in shares of Newmont Mining by 1.0% during the second quarter. Twin Capital Management Inc. now owns 169,820 shares of the basic materials company’s stock valued at $6,404,000 after purchasing an additional 1,610 shares during the period. Finally, GWM Advisors LLC boosted its stake in shares of Newmont Mining by 16.3% during the third quarter. GWM Advisors LLC now owns 12,100 shares of the basic materials company’s stock valued at $365,000 after purchasing an additional 1,700 shares during the period. Institutional investors and hedge funds own 85.48% of the company’s stock.

Shares of NEM stock opened at $32.90 on Wednesday. Newmont Mining Corp has a 52 week low of $29.06 and a 52 week high of $42.04. The firm has a market capitalization of $17.47 billion, a P/E ratio of 22.53 and a beta of 0.22. The company has a quick ratio of 4.02, a current ratio of 4.70 and a debt-to-equity ratio of 0.36.

Newmont Mining (NYSE:NEM) last announced its quarterly earnings results on Thursday, October 25th. The basic materials company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. Newmont Mining had a positive return on equity of 6.19% and a negative net margin of 2.63%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.80 billion. Sell-side analysts anticipate that Newmont Mining Corp will post 1.22 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Thursday, December 6th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Wednesday, December 5th. Newmont Mining’s payout ratio is 38.36%.

A number of analysts have recently weighed in on NEM shares. Jefferies Financial Group reissued a “hold” rating and set a $33.00 price objective on shares of Newmont Mining in a research note on Monday, October 8th. Zacks Investment Research lowered Newmont Mining from a “hold” rating to a “strong sell” rating in a research note on Monday, October 8th. Barclays started coverage on Newmont Mining in a research note on Wednesday, October 10th. They set an “overweight” rating and a $34.00 price objective for the company. Raymond James dropped their price objective on Newmont Mining from $45.00 to $44.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. Finally, Canaccord Genuity reissued a “hold” rating and set a $37.00 price objective on shares of Newmont Mining in a research note on Monday, October 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Newmont Mining currently has an average rating of “Hold” and an average target price of $41.33.

In other Newmont Mining news, EVP Elaine J. Dorward-King sold 3,000 shares of the firm’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $30.20, for a total transaction of $90,600.00. Following the completion of the transaction, the executive vice president now owns 102,831 shares of the company’s stock, valued at $3,105,496.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Ronald Palmer sold 1,250 shares of the firm’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $31.51, for a total value of $39,387.50. Following the transaction, the insider now directly owns 130,360 shares of the company’s stock, valued at approximately $4,107,643.60. The disclosure for this sale can be found here. Insiders sold 21,750 shares of company stock valued at $670,690 in the last ninety days. 0.36% of the stock is currently owned by insiders.

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Newmont Mining Company Profile

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold, copper, and silver. Its operations and/or assets are located in the United States, Australia, Peru, Ghana, and Suriname. As of February 22, 2018, the company had proven and probable gold reserves of 68.5 million ounces and an aggregate land position of approximately 23,000 square miles.

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

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