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IFM Investors Pty Ltd lifted its stake in Newmont Mining Corp. (NYSE: NEM) shares by 41.4% in the second quarter, according to the latest in its latest submission to the Securities & Exchange Commission, the company owned 23,654 shares of the base materials company after purchasing 6,931 additional shares during the quarter.
A number of other hedge funds and other institutional investors have also changed their EOD holdings: Van ECK Associates Corp. raised its position in Newmont Mining shares by 27.7% in the first quarter. holds 30,087,822 shares of the base materials company valued at $ 1,175,531,000 after purchasing an additional 6,532,988 shares during the last quarter. in Newmont Mining shares of 115.5% in the first quarter. First Eagle Investment Management LLC now holds 9,584,767 shares of the company's core materials company worth $ 374,477,000 after purchasing 5,137,612 additional shares during the period. Flossbach Von Storch AG strengthened its holdings in Newmont Mining by 16.8% in the first quarter. Flossbach Von Storch AG now holds 9,930,898 shares in the base materials company valued at $ 388,000,000 after purchasing 1,430,627 additional shares during the period. Key Square Capital Management LLC purchased a new equity interest in Newmont Mining during the first quarter of approximately $ 46,858,000. Finally, the Toronto Dominion Bank increased its holdings of Newmont Mining shares by 66.9% in the first quarter. The Toronto Dominion Bank now holds 1,581,731 shares of the core materials business valued at $ 61,788,000 after purchasing an additional 634,105 shares during the period. 82.29% of the shares are currently held by hedge funds and other institutional investors.
In addition, executive vice president William N. Macgowan sold 5,000 shares of Newmont Mining in a transaction on Tuesday, May 1. The shares were sold at an average price of $ 38.89, for a total transaction of $ 194,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via this hyperlink. In addition, Elaine J. Dorward-King, Executive Vice President, sold 3,000 shares of Newmont Mining in a transaction on Monday, July 2nd. The shares were sold at an average price of $ 37.47, for a total transaction of $ 112,410.00. As a result of the transaction, the Executive Vice-President now owns 111,831 shares of the Company, valued at $ 4,190,307.57. The disclosure for this sale can be found here. Insiders sold 24,750 shares valued at $ 948,590 during the last quarter. Insiders of the company own 0.36% of the shares of the company.
Several equity research badysts have recently weighed on the stock. Morgan Stanley took Newmont Mining shares from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, June 12. Royal Bank of Canada has confirmed its "sale" rating and has issued a price target of $ 44.00 on Newmont Mining shares in a research report on Wednesday, April 4th. TheStreet took Newmont Mining shares from a "c +" rating to a "b" rating in a research report on Thursday, April 26th. Deutsche Bank increased its target price on Newmont Mining shares from $ 40.00 to $ 41.00 and granted the company a "withholding" rating in a research report on Wednesday, April 11th. Finally, BMO Capital Markets set a target price of $ 46.00 on Newmont Mining shares and awarded the company a "buy" rating in a research report on Wednesday, March 28. Two research badysts evaluated the stock with a sales note, seven badigned a custody rating and seven issued a buy-to-action note. The company currently has a consensual rating of "Hold" and a consensus target price of $ 42.92.
NYSE NEM shares rose $ 0.06 during the day on Friday to $ 37.13. The company had a trading volume of 2,671,400 shares, compared to its average volume of 4,239,004 shares. The company has a current ratio of 4.18, a ratio of 3.62 and a debt ratio of 0.35. Newmont Mining Corp has a low of $ 32.90 in one year and $ 42.04 in one year. The stock has a market capitalization of $ 19.78 billion, a price / earnings ratio of 25.43 and a beta of 0.22.
Newmont Mining (NYSE: NEM) last published its quarterly results on Thursday, April 26. The core materials company reported earnings per share of $ 0.35 for the quarter, exceeding Thomson Reuters consensus estimate by $ 0.32 by $ 0.33. Newmont Mining recorded a net margin of 0.64% and a return on equity of 7.01%. The business generated a turnover of $ 1.82 billion during the quarter, compared with $ 1.84 billion for badysts. During the same period last year, the company posted a profit of $ 0.09 per share. The quarterly business figure of Newmont Mining is up 7.5% from the same quarter of last year. The sell-side badysts predict that Newmont Mining Corp will post 1.41 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 21st. Shareholders of record on Thursday, June 7, received a dividend of $ 0.14 per share. The ex-dividend date was Wednesday, June 6th. This represents an annualized dividend of $ 0.56 and a dividend yield of 1.51%. The Newmont Mining distribution rate is 38.36%.
Newmont Mining Corporation
The Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company acquires, develops, explores and produces mainly gold, copper and silver. Its operations and / or badets 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 a total area of approximately 23,000 square miles.
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