Newmont Mining Corporation (NEM) Stake Held by Rockshelter Capital Management LLC

Rockshelter Capital Management LLC held its position in Newmont Mining Corporation (NYSE:NEM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,423 shares of the basic materials company’s stock at the close of the second quarter. Rockshelter Capital Management LLC’s holdings in Newmont Mining Corporation were worth $1,115,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Smith Affiliated Capital Corp. grew its holdings in Newmont Mining Corporation by 8.6% during the second quarter. Smith Affiliated Capital Corp. now owns 3,800 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 300 shares during the period. Sun Life Financial INC boosted its holdings in shares of Newmont Mining Corporation by 43,144.4% during the second quarter. Sun Life Financial INC now owns 3,892 shares of the basic materials company’s stock worth $126,000 after acquiring an additional 3,883 shares during the period. Brighton Jones LLC bought a new stake in shares of Newmont Mining Corporation during the first quarter worth approximately $258,000. Banced Corp boosted its holdings in shares of Newmont Mining Corporation by 15.3% during the second quarter. Banced Corp now owns 8,473 shares of the basic materials company’s stock worth $274,000 after acquiring an additional 1,126 shares during the period. Finally, Veritable L.P. boosted its holdings in shares of Newmont Mining Corporation by 4.6% during the second quarter. Veritable L.P. now owns 8,473 shares of the basic materials company’s stock worth $274,000 after acquiring an additional 370 shares during the period. Institutional investors and hedge funds own 81.07% of the company’s stock.

Shares of Newmont Mining Corporation (NYSE:NEM) traded down 1.00% during midday trading on Wednesday, hitting $37.52. The company had a trading volume of 1,416,629 shares. The company has a market capitalization of $20.01 billion, a price-to-earnings ratio of 469.00 and a beta of 0.14. Newmont Mining Corporation has a 12-month low of $30.19 and a 12-month high of $39.62. The company’s 50-day moving average price is $37.98 and its 200 day moving average price is $35.09.

Newmont Mining Corporation (NYSE:NEM) last released its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.20. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.77 billion. Newmont Mining Corporation had a negative net margin of 6.73% and a positive return on equity of 6.67%. Newmont Mining Corporation’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the firm earned $0.44 EPS. Equities research analysts predict that Newmont Mining Corporation will post $1.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 14th were issued a $0.075 dividend. The ex-dividend date was Wednesday, September 13th. This is an increase from Newmont Mining Corporation’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a yield of 0.79%. Newmont Mining Corporation’s dividend payout ratio (DPR) is -33.33%.

In other Newmont Mining Corporation news, EVP William N. Macgowan sold 2,007 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $36.59, for a total value of $73,436.13. Following the completion of the transaction, the executive vice president now directly owns 127,178 shares of the company’s stock, valued at approximately $4,653,443.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Gary J. Goldberg sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $37.11, for a total transaction of $37,110.00. Following the completion of the transaction, the insider now directly owns 334,730 shares of the company’s stock, valued at $12,421,830.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,707 shares of company stock valued at $1,120,866. 0.32% of the stock is owned by insiders.

A number of brokerages have recently issued reports on NEM. BidaskClub upgraded Newmont Mining Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research cut Newmont Mining Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 10th. Raymond James Financial, Inc. began coverage on Newmont Mining Corporation in a report on Thursday, June 15th. They set an “outperform” rating and a $43.00 price objective for the company. Royal Bank Of Canada restated a “hold” rating and set a $40.00 price objective on shares of Newmont Mining Corporation in a report on Tuesday, July 18th. Finally, Scotiabank upgraded Newmont Mining Corporation from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $43.00 to $43.50 in a report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $40.96.

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Newmont Mining Corporation Company Profile

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.

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

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