Newmont Mining Corp (NEM) Stake Boosted by Toronto Dominion Bank

Toronto Dominion Bank raised its stake in shares of Newmont Mining Corp (NYSE:NEM) by 52.6% during the first quarter, Holdings Channel reports. The firm owned 150,645 shares of the basic materials company’s stock after buying an additional 51,935 shares during the period. Toronto Dominion Bank’s holdings in Newmont Mining Corp were worth $4,965,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp raised its position in shares of Newmont Mining Corp by 12.5% in the fourth quarter. Van ECK Associates Corp now owns 34,514,748 shares of the basic materials company’s stock valued at $1,175,917,000 after buying an additional 3,839,014 shares during the period. Bank of New York Mellon Corp increased its stake in Newmont Mining Corp by 55.8% in the first quarter. Bank of New York Mellon Corp now owns 9,135,286 shares of the basic materials company’s stock valued at $301,099,000 after buying an additional 3,273,420 shares in the last quarter. Janus Capital Management LLC increased its stake in Newmont Mining Corp by 38.1% in the fourth quarter. Janus Capital Management LLC now owns 8,854,814 shares of the basic materials company’s stock valued at $301,684,000 after buying an additional 2,442,668 shares in the last quarter. APG Asset Management N.V. increased its stake in Newmont Mining Corp by 8.9% in the first quarter. APG Asset Management N.V. now owns 8,398,603 shares of the basic materials company’s stock valued at $276,818,000 after buying an additional 689,500 shares in the last quarter. Finally, Flossbach Von Storch AG increased its stake in Newmont Mining Corp by 81.7% in the first quarter. Flossbach Von Storch AG now owns 6,092,593 shares of the basic materials company’s stock valued at $200,812,000 after buying an additional 2,739,440 shares in the last quarter. Institutional investors and hedge funds own 82.02% of the company’s stock.

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

Newmont Mining Corp (NYSE:NEM) traded up 0.96% during trading on Friday, reaching $33.63. 5,041,844 shares of the company’s stock traded hands. The company’s market cap is $17.93 billion. The company has a 50 day moving average price of $33.62 and a 200-day moving average price of $34.22. Newmont Mining Corp has a 12-month low of $30.19 and a 12-month high of $46.07.

Newmont Mining Corp (NYSE:NEM) last released its earnings results on Monday, April 24th. The basic materials company reported $0.25 earnings per share (EPS) 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 analyst estimates of $1.73 billion. Newmont Mining Corp had a negative net margin of 6.99% and a positive return on equity of 4.94%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 EPS. On average, equities research analysts forecast that Newmont Mining Corp will post $1.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 8th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 6th. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. Newmont Mining Corp’s dividend payout ratio (DPR) is presently -19.42%.

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Several research firms have recently weighed in on NEM. Jefferies Group LLC reaffirmed a “hold” rating and set a $37.00 price target on shares of Newmont Mining Corp in a research note on Friday. BMO Capital Markets lifted their price target on shares of Newmont Mining Corp to $54.00 and gave the company a “buy” rating in a research note on Thursday, May 11th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Newmont Mining Corp in a research note on Thursday, April 27th. Scotiabank reaffirmed a “sector perform” rating and set a $58.00 price target on shares of Newmont Mining Corp in a research note on Tuesday, April 25th. Finally, TD Securities reaffirmed a “hold” rating and set a $48.50 price target on shares of Newmont Mining Corp in a research note on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $42.46.

In other Newmont Mining Corp news, EVP Scott P. Lawson sold 1,500 shares of the stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $33.70, for a total transaction of $50,550.00. Following the sale, the executive vice president now directly owns 61,696 shares in the company, valued at approximately $2,079,155.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Gary J. Goldberg sold 1,000 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $33.67, for a total transaction of $33,670.00. Following the sale, the insider now owns 334,730 shares in the company, valued at $11,270,359.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,257 shares of company stock worth $734,443. 0.22% of the stock is owned by company insiders.

Newmont Mining Corp 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.

5 Day Chart for NYSE:NEM

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