Newmont Mining Corp (NEM) Insider Sells $41,100.00 in Stock

Share on StockTwits

Newmont Mining Corp (NYSE:NEM) insider Thomas Ronald Palmer sold 1,250 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $32.88, for a total value of $41,100.00. Following the sale, the insider now directly owns 129,110 shares of the company’s stock, valued at $4,245,136.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Thomas Ronald Palmer also recently made the following trade(s):

  • On Thursday, November 1st, Thomas Ronald Palmer sold 1,250 shares of Newmont Mining stock. The stock was sold at an average price of $31.51, for a total value of $39,387.50.
  • On Monday, October 1st, Thomas Ronald Palmer sold 1,250 shares of Newmont Mining stock. The stock was sold at an average price of $30.20, for a total value of $37,750.00.

Shares of NEM stock opened at $33.39 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.70 and a quick ratio of 4.02. The stock has a market capitalization of $17.40 billion, a PE ratio of 22.87 and a beta of 0.27. Newmont Mining Corp has a one year low of $29.06 and a one year high of $42.04.

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, beating analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Newmont Mining had a positive return on equity of 6.19% and a negative net margin of 2.63%. As a group, sell-side analysts expect that Newmont Mining Corp will post 1.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 6th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, December 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.68%. Newmont Mining’s dividend payout ratio (DPR) is presently 38.36%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Newmont Mining by 1.8% during the 3rd quarter. BlackRock Inc. now owns 72,485,781 shares of the basic materials company’s stock worth $2,189,072,000 after purchasing an additional 1,288,890 shares in the last quarter. Vanguard Group Inc. increased its stake in Newmont Mining by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 57,312,640 shares of the basic materials company’s stock worth $1,730,842,000 after purchasing an additional 620,141 shares in the last quarter. Flossbach Von Storch AG increased its stake in Newmont Mining by 32.8% during the 3rd quarter. Flossbach Von Storch AG now owns 13,529,462 shares of the basic materials company’s stock worth $408,590,000 after purchasing an additional 3,339,775 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Newmont Mining by 22.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 11,705,007 shares of the basic materials company’s stock worth $353,491,000 after purchasing an additional 2,153,531 shares in the last quarter. Finally, FMR LLC increased its stake in Newmont Mining by 31.9% during the 3rd quarter. FMR LLC now owns 9,763,576 shares of the basic materials company’s stock worth $294,860,000 after purchasing an additional 2,359,109 shares in the last quarter. 83.98% of the stock is owned by institutional investors and hedge funds.

Several brokerages have weighed in on NEM. Deutsche Bank set a $36.00 price objective on Newmont Mining and gave the stock a “hold” rating in a report on Friday. Raymond James set a $46.00 price target on Newmont Mining and gave the company an “outperform” rating in a research note on Friday. BMO Capital Markets reaffirmed a “buy” rating and issued a $46.00 price target on shares of Newmont Mining in a research note on Friday, September 21st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $33.00 price target on shares of Newmont Mining in a research note on Monday, October 8th. Finally, TheStreet cut Newmont Mining from a “b-” rating to a “c” rating in a research note on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. Newmont Mining presently has a consensus rating of “Hold” and an average target price of $41.27.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by BBNS and is owned by of BBNS. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://baseballnewssource.com/2018/12/08/newmont-mining-corp-nem-insider-sells-41100-00-in-stock/3064718.html.

About Newmont Mining

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.

Read More: Earnings Reports

Insider Buying and Selling by Quarter for Newmont Mining (NYSE:NEM)

Receive News & Ratings for Newmont Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont Mining and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.