Newmont Mining Corporation (NYSE:NEM) insider Gary J. Goldberg sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $37.35, for a total transaction of $37,350.00. Following the completion of the transaction, the insider now owns 334,730 shares of the company’s stock, valued at approximately $12,502,165.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Newmont Mining Corporation (NYSE NEM) traded up 0.92% during mid-day trading on Tuesday, hitting $38.23. 2,657,977 shares of the stock traded hands. The company has a 50-day moving average of $37.70 and a 200 day moving average of $34.93. Newmont Mining Corporation has a 1-year low of $30.19 and a 1-year high of $39.63. The firm’s market capitalization is $20.39 billion.

Newmont Mining Corporation (NYSE:NEM) last released its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.20. Newmont Mining Corporation had a positive return on equity of 6.67% and a negative net margin of 6.73%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the company posted $0.44 EPS. Newmont Mining Corporation’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts anticipate that Newmont Mining Corporation will post $1.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th were given a $0.075 dividend. This is a positive change from Newmont Mining Corporation’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Wednesday, September 13th. Newmont Mining Corporation’s dividend payout ratio (DPR) is currently -33.33%.

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NEM has been the subject of several recent research reports. Jefferies Group LLC restated a “hold” rating and issued a $35.00 price target (down from $37.00) on shares of Newmont Mining Corporation in a research report on Friday, July 14th. Deutsche Bank AG reiterated a “buy” rating and set a $42.00 price target (down previously from $44.00) on shares of Newmont Mining Corporation in a report on Sunday, June 25th. Credit Suisse Group set a $45.00 price target on shares of Newmont Mining Corporation and gave the stock a “buy” rating in a report on Tuesday, July 18th. Royal Bank Of Canada set a $41.00 price objective on shares of Newmont Mining Corporation and gave the stock a “hold” rating in a research note on Monday, August 28th. Finally, BidaskClub cut shares of Newmont Mining Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $40.96.

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Newmont Mining Corporation by 2.6% in the second quarter. Vanguard Group Inc. now owns 54,285,832 shares of the basic materials company’s stock worth $1,758,317,000 after acquiring an additional 1,360,916 shares during the period. Van ECK Associates Corp boosted its holdings in Newmont Mining Corporation by 4.8% in the first quarter. Van ECK Associates Corp now owns 36,170,799 shares of the basic materials company’s stock valued at $1,192,190,000 after acquiring an additional 1,656,051 shares in the last quarter. Carmignac Gestion boosted its holdings in Newmont Mining Corporation by 4.9% in the second quarter. Carmignac Gestion now owns 14,204,881 shares of the basic materials company’s stock valued at $460,096,000 after acquiring an additional 659,183 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Newmont Mining Corporation by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 9,445,025 shares of the basic materials company’s stock valued at $305,925,000 after acquiring an additional 309,739 shares in the last quarter. Finally, APG Asset Management N.V. boosted its holdings in Newmont Mining Corporation by 6.4% in the second quarter. APG Asset Management N.V. now owns 8,933,153 shares of the basic materials company’s stock valued at $289,345,000 after acquiring an additional 534,550 shares in the last quarter. 81.08% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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