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Nikko Asset Management Americas Inc. has reduced its holdings of shares in Newmont Mining Corp. (NYSE: NEM) 21.9% in the second quarter, according to the institutional investor held 111,652 shares of the commodity company after selling 31,255 shares during the quarter, while the participation of Nikko Asset Management Americas Inc. in Newmont Mining was worth $ 4,210,000 at the end of the year. Yale Investment Advisors LLC has purchased a new position in Newmont Mining during the first quarter of approximately $ 115,000. increased its position in Newmont Mining by 177.0% in the first quarter of 2005. Private Capital Group LLC now holds 3,028 shares of the Company at $ 118,000 after acquiring 1,935 additional shares in the last quarter. Summit Trail Advisors LLC increased its position in Newmont Mining by 4,127.4% in the first quarter. Summit Trail Advisors LLC now holds 127,624 shares of the $ 128,000 base materials company after acquiring an additional 124,605 shares in the last quarter. Signaturefd LLC purchased a new position in Newmont Mining during the first quarter, valued at approximately $ 152,000. Finally, Stephens Inc. AR purchased a new position in Newmont Mining during the first quarter, valued at approximately $ 219,000. 82.30% of the shares are currently held by hedge funds and other institutional investors.
The NMS has been the subject of several recent research reports. TheStreet took Newmont Mining shares from a "c +" rating to a "b" rating in a research report on Thursday, April 26th. ValuEngine upgraded Newmont Mining from a "hold" rating to a "buy" rating in a report on Friday, June 29. BMO Capital Markets set a target price of $ 46.00 for Newmont Mining and awarded the company a "buy" rating in a report released on Wednesday, March 28. Deutsche Bank increased its target price on Newmont Mining from $ 40.00 to $ 41.00 and awarded the company a "withholding" rating in a report on Wednesday, April 11th. Finally, Morgan Stanley changed Newmont Mining from an "equal weight" rating to an "overweight" rating in a report released on Tuesday, June 12th. Two research badysts rated the stock with a sales note, six badigned a reserve rating and six awarded a buy-to-action rating. The company currently has a consensual rating of "Hold" and a consensus target price of $ 43.45.
Newmont Mining shares opened Friday at $ 37.02, reports MarketBeat Ratings. Newmont Mining Corp. has a 12-month low of $ 33.89 and a 12-month high of $ 42.04. The company has a debt ratio of .35, a ratio of 3.62 and a ratio of 4.18. The company has a market capitalization of $ 19.75 billion, a price / earnings ratio of 23.73 and a beta of 0.22.
Newmont Mining (NYSE: NEM) last announced its quarterly results on Thursday, April 26. The core materials company reported earnings per share of $ 0.35 for the quarter, surpbading the consensus estimate of $ 0.33 per $ 0.02. Newmont Mining posted a return on equity of 7.01% and a net margin of 0.64%. The company achieved a turnover of $ 1.82 billion for the quarter, compared to the consensus estimate of $ 1.84 billion. During the same quarter last year, the company posted a profit of $ 0.09 per share. The company's sales figure for the quarter is up 7.5% over the same quarter of last year. Analysts on the sales side expect Newmont Mining Corp to post 1.34 earnings per share for the current year.
Executive Vice President William N. Macgowan sold 5,000 shares of the fund in a transaction on Tuesday, May 1. The shares were sold at an average price of $ 38.89, for a total value of $ 194,450.00. The sale was disclosed in a SEC deposit, which is available at this hyperlink. In addition, Nancy Buese, CFO, sold 2,000 shares of the fund on Monday, July 2nd. The stock was sold at an average price of $ 37.47, for a total transaction of $ 74,940.00. Following the closing of the sale, the Chief Financial Officer now holds 86,577 shares of the Company, valued at approximately $ 3,244,040.19. The disclosure for this sale can be found here. During the last quarter, insiders sold 24,750 shares valued at $ 948,590. Corporate insiders own 0.36% of the company's shares.
Profile of the Newmont Mining Company
Newmont Mining Corporation, 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 an overall land position of approximately 23,000 square miles.
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