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NN Investment Partners Holdings NV increased its stake in Newmont Mining Corp. (NYSE: NEM) by 191.7% in the second quarter, according to its latest 13F filing with the SEC The company held 358,191 shares of the basic materials company after buying 235,416 additional shares during the period.NN Investment Partners Holdings NV held 0.07% of Newmont Mining worth 13,507 The SEC
Several other hedge funds have also recently changed their positions in NEM: Van ECK Associates Corp. increased its holdings of Newmont Mining shares by 27.7% in the first quarter, while Van ECK Associates Corp now holds 30,087,822 shares. After purchasing 6,532,988 additional shares during the period, First Eagle Investment Management LLC increased its holdings of Newmont Mining shares by 115.5%. ring the 1st quarter. First Eagle Investment Management LLC now holds 9,584,767 shares in the base materials company valued at $ 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 commodity 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 in Newmont Mining by 66.9% in the first quarter. The Toronto Dominion Bank now holds 1,581,731 shares in the base materials company valued at $ 61,788,000 after purchasing 634,105 additional shares during the period. 82.29% of the shares are held by institutional investors and hedge funds.
In addition, executive vice president William N. Macgowan sold 5,000 shares of the company during 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via the SEC's website. In addition, Elaine J. Dorward-King, Executive Vice President, sold 3,000 shares of the Company in a transaction on Monday, July 2. The stock was sold at an average price of $ 37.47, for a total transaction of $ 112,410.00. As a result of the sale, the Executive Vice-President now directly owns 111,831 shares of the Company, valued at approximately $ 4,190,307.57. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,750 shares valued at $ 948,590. 0.36% of the stock is currently held by insiders.
Newmont Mining opened Friday at $ 36.84, according to Marketbeat Ratings. The company has a ratio of 3.62, a ratio of 4.18 and a debt ratio of 0.35. The stock has a market capitalization of $ 19.78 billion, a price / earnings ratio of 25.23 and a beta of 0.22. Newmont Mining Corp has a 12-month low of $ 32.90 and a 12-month high of $ 42.04.
Newmont Mining (NYSE: NEM) last published its quarterly results on Thursday, April 26. The core materials company reported earnings per share (EPS) of $ 0.35 for the quarter, exceeding Zack's consensus estimate of $ 0.33 per $ 0.02. The company achieved a turnover of $ 1.82 billion during the quarter, compared to the consensus estimate of $ 1.84 billion. Newmont Mining recorded a net margin of 0.64% and a return on equity of 7.01%. The business turnover for the quarter is up 7.5% over the same quarter of last year. In the same quarter of the previous year, the company posted earnings per share of $ 0.09. Research badysts predict that Newmont Mining Corp will display 1.41 EPS for the current fiscal year.
The company also recently declared 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. This represents an annualized dividend of $ 0.56 and a dividend yield of 1.52%. The ex-dividend date of this dividend was Wednesday, June 6th. Newmont Mining's dividend payout ratio (DPR) is currently 38.36%.
Several brokers recently commented on NEM. TheStreet took Newmont Mining shares from "c +" to "b" in a report on Thursday, April 26. Deutsche Bank raised its target price on Newmont Mining shares from $ 40.00 to $ 41.00 and issued a "hold" rating in a report on Wednesday, April 11th. Royal Bank of Canada reaffirmed its "sell" rating and set a target price of $ 44.00 on Newmont Mining shares in a report on Wednesday, April 4. ValuEngine downgraded Newmont Mining shares from a "buy" rating to a "hold" rating in a report on Wednesday, June 6th. Finally, BMO Capital Markets set a target price of $ 46.00 on Newmont Mining shares and badigned a "buy" price to the stock on Wednesday, March 28. Two badysts rated the stock with a sales note, six issued a security clearance and seven gave a buy-to-the-action rating. The security has a consensual rating of "Hold" and a consensus price target of $ 43.58
Newmont Mining Company Profile
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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