Vident Investment Advisory LLC Purchases Shares of 82,207 Newmont Mining Corp (NEM)

Vident Investment Advisory LLC purchased a new stake in shares of Newmont Mining Corp (NYSE:NEM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 82,207 shares of the basic materials company’s stock, valued at approximately $3,084,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Timber Hill LLC bought a new position in Newmont Mining during the third quarter valued at about $260,000. Deane Retirement Strategies Inc. acquired a new stake in Newmont Mining during the third quarter valued at approximately $1,513,000. MUFG Securities EMEA plc acquired a new stake in Newmont Mining during the second quarter valued at approximately $12,341,000. Saratoga Research & Investment Management acquired a new stake in Newmont Mining during the third quarter valued at approximately $382,000. Finally, Gabelli Funds LLC boosted its holdings in Newmont Mining by 3.7% during the third quarter. Gabelli Funds LLC now owns 2,731,471 shares of the basic materials company’s stock valued at $102,457,000 after purchasing an additional 97,300 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Newmont Mining Corp (NYSE NEM) opened at $35.40 on Friday. The stock has a market capitalization of $18,880.10, a price-to-earnings ratio of 25.47 and a beta of 0.10. Newmont Mining Corp has a 1-year low of $30.40 and a 1-year high of $39.63. The company has a current ratio of 4.18, a quick ratio of 3.58 and a debt-to-equity ratio of 0.33.

Newmont Mining (NYSE:NEM) last issued its earnings results on Thursday, October 26th. The basic materials company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Newmont Mining had a net margin of 1.18% and a return on equity of 6.20%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. equities analysts expect that Newmont Mining Corp will post 1.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 8th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, December 7th. Newmont Mining’s payout ratio is 200.00%.

In related news, EVP Scott P. Lawson sold 5,000 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $37.85, for a total value of $189,250.00. Following the completion of the sale, the executive vice president now owns 51,696 shares in the company, valued at approximately $1,956,693.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Elaine J. Dorward-King sold 10,250 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $38.27, for a total transaction of $392,267.50. Following the completion of the sale, the executive vice president now owns 82,114 shares of the company’s stock, valued at approximately $3,142,502.78. The disclosure for this sale can be found here. Insiders have sold a total of 27,700 shares of company stock valued at $1,038,458 in the last quarter. Corporate insiders own 0.32% of the company’s stock.

A number of equities research analysts have weighed in on NEM shares. BMO Capital Markets set a $40.00 price objective on Newmont Mining and gave the company a “buy” rating in a report on Wednesday, August 23rd. Royal Bank Of Canada set a $41.00 price objective on Newmont Mining and gave the company a “hold” rating in a report on Monday, August 28th. TheStreet raised Newmont Mining from a “c+” rating to a “b” rating in a report on Wednesday, October 11th. Zacks Investment Research raised Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Wednesday, October 18th. Finally, TD Securities set a $42.00 target price on Newmont Mining and gave the stock a “hold” rating in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $42.74.

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Newmont Mining 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 (NYSE:NEM)

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