Newmont Mining Corporation (NYSE:NEM) Position Maintained by Lowe Wealth Advisors LLC
Lowe Wealth Advisors LLC held its stake in Newmont Mining Corporation (NYSE:NEM) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,220 shares of the basic materials company’s stock at the end of the second quarter. Lowe Wealth Advisors LLC’s holdings in Newmont Mining Corporation were worth $104,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its stake in shares of Newmont Mining Corporation by 34.2% in the first quarter. Bank of Montreal Can now owns 1,985,044 shares of the basic materials company’s stock worth $65,427,000 after buying an additional 506,249 shares during the last quarter. P.R. Herzig & Co. Inc. raised its stake in shares of Newmont Mining Corporation by 0.5% in the first quarter. P.R. Herzig & Co. Inc. now owns 43,100 shares of the basic materials company’s stock worth $1,421,000 after buying an additional 200 shares during the last quarter. Private Capital Advisors Inc. acquired a new stake in shares of Newmont Mining Corporation during the first quarter worth approximately $202,000. National Pension Service raised its stake in shares of Newmont Mining Corporation by 5.4% in the first quarter. National Pension Service now owns 480,105 shares of the basic materials company’s stock worth $15,810,000 after buying an additional 24,498 shares during the last quarter. Finally, Country Club Trust Company n.a. acquired a new stake in shares of Newmont Mining Corporation during the first quarter worth approximately $531,000. 81.85% of the stock is owned by hedge funds and other institutional investors.
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Shares of Newmont Mining Corporation (NYSE NEM) traded up 0.25% during midday trading on Friday, hitting $36.53. The company’s stock had a trading volume of 4,370,299 shares. Newmont Mining Corporation has a 12-month low of $30.19 and a 12-month high of $45.45. The firm’s market cap is $19.48 billion. The firm has a 50-day moving average of $34.49 and a 200 day moving average of $34.32.
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 for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.20. Newmont Mining Corporation had a positive return on equity of 6.67% and a negative net margin of 6.73%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. On average, equities research analysts predict that Newmont Mining Corporation will post $1.34 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This is a boost from Newmont Mining Corporation’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.82%. Newmont Mining Corporation’s payout ratio is presently -22.22%.
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NEM has been the subject of several recent research reports. BMO Capital Markets raised their price objective on Newmont Mining Corporation to $54.00 and gave the company a “buy” rating in a research report on Thursday, May 11th. BidaskClub lowered Newmont Mining Corporation from a “hold” rating to a “sell” rating in a research report on Thursday. Royal Bank Of Canada set a $40.00 price target on Newmont Mining Corporation and gave the company a “hold” rating in a report on Monday, June 12th. Raymond James Financial, Inc. assumed coverage on Newmont Mining Corporation in a report on Thursday, June 15th. They set an “outperform” rating and a $43.00 price target for the company. Finally, TD Securities restated a “hold” rating and set a $48.50 price target on shares of Newmont Mining Corporation in a report on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Newmont Mining Corporation presently has a consensus rating of “Buy” and a consensus target price of $41.73.
In related news, insider Gary J. Goldberg sold 1,000 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $31.80, for a total transaction of $31,800.00. Following the completion of the transaction, the insider now directly owns 334,730 shares of the company’s stock, valued at approximately $10,644,414. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP E Randall Engel sold 5,700 shares of Newmont Mining Corporation stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $35.00, for a total value of $199,500.00. Following the sale, the executive vice president now directly owns 256,800 shares of the company’s stock, valued at $8,988,000. The disclosure for this sale can be found here. Insiders sold 22,907 shares of company stock valued at $803,461 over the last ninety days. 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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