Marlin Sams Capital Management LLC Continues to Hold Stake in Newmont Mining Corporation (NYSE:NEM)

Marlin Sams Capital Management LLC maintained its position in shares of Newmont Mining Corporation (NYSE:NEM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,000 shares of the basic materials company’s stock at the end of the first quarter. Newmont Mining Corporation comprises approximately 5.1% of Marlin Sams Capital Management LLC’s portfolio, making the stock its 3rd largest position. Marlin Sams Capital Management LLC’s holdings in Newmont Mining Corporation were worth $2,307,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NEM. Lazard Asset Management LLC boosted its position in shares of Newmont Mining Corporation by 8,453.5% in the first quarter. Lazard Asset Management LLC now owns 40,800 shares of the basic materials company’s stock valued at $1,344,000 after buying an additional 40,323 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Newmont Mining Corporation by 2.0% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 149,200 shares of the basic materials company’s stock valued at $4,923,000 after buying an additional 2,900 shares in the last quarter. Becker Capital Management Inc. boosted its position in shares of Newmont Mining Corporation by 1.4% in the first quarter. Becker Capital Management Inc. now owns 806,943 shares of the basic materials company’s stock valued at $26,597,000 after buying an additional 10,995 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Newmont Mining Corporation by 2.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,492 shares of the basic materials company’s stock valued at $642,000 after buying an additional 431 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Newmont Mining Corporation by 3.3% in the first quarter. Vanguard Group Inc. now owns 52,924,916 shares of the basic materials company’s stock valued at $1,744,405,000 after buying an additional 1,671,897 shares in the last quarter. 81.71% of the stock is owned by institutional investors.

Newmont Mining Corporation (NEM) traded down 0.06% on Tuesday, reaching $33.71. 5,626,230 shares of the company’s stock were exchanged. Newmont Mining Corporation has a 1-year low of $30.19 and a 1-year high of $46.07. The firm’s market capitalization is $17.98 billion. The stock’s 50 day moving average price is $33.45 and its 200 day moving average price is $34.18.

Newmont Mining Corporation (NYSE:NEM) last issued its earnings results on Monday, April 24th. The basic materials company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.03. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Newmont Mining Corporation had a negative net margin of 8.70% and a positive return on equity of 6.24%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 earnings per share. On average, analysts expect that Newmont Mining Corporation will post $1.11 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 22nd. Shareholders of record on Thursday, June 8th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, June 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.59%. Newmont Mining Corporation’s dividend payout ratio (DPR) is -16.81%.

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Several equities analysts have commented on the stock. Royal Bank Of Canada reissued a “hold” rating and issued a $40.00 price target on shares of Newmont Mining Corporation in a research report on Tuesday. Jefferies Group LLC reissued a “hold” rating and issued a $35.00 price target (down previously from $37.00) on shares of Newmont Mining Corporation in a research report on Friday. Zacks Investment Research cut shares of Newmont Mining Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Scotiabank raised shares of Newmont Mining Corporation from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $43.00 to $43.50 in a research report on Wednesday, July 5th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $42.00 price objective (down from $44.00) on shares of Newmont Mining Corporation in a research report on Sunday, June 25th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.15.

In related news, EVP Scott P. Lawson sold 1,500 shares of the stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $33.70, for a total value of $50,550.00. Following the sale, the executive vice president now owns 61,696 shares of the company’s stock, valued at approximately $2,079,155.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP E Randall Engel sold 5,700 shares of the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $35.00, for a total transaction of $199,500.00. Following the completion of the sale, the executive vice president now directly owns 256,800 shares in the company, valued at approximately $8,988,000. The disclosure for this sale can be found here. Insiders have sold 15,450 shares of company stock worth $519,220 over the last three months. 0.32% of the stock is owned by corporate insiders.

About Newmont Mining Corporation

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.

Institutional Ownership by Quarter for Newmont Mining Corporation (NYSE:NEM)

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