Newmont Mining Corp (NYSE:NEM) COO Thomas Ronald Palmer sold 1,250 shares of Newmont Mining stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $30.53, for a total value of $38,162.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NYSE:NEM traded up $0.16 during midday trading on Friday, reaching $30.38. The company had a trading volume of 5,603,622 shares, compared to its average volume of 5,630,191. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.95 and a current ratio of 4.60. The company has a market cap of $16.09 billion, a P/E ratio of 20.81 and a beta of 0.18. Newmont Mining Corp has a 1-year low of $29.16 and a 1-year high of $42.04.

Newmont Mining (NYSE:NEM) last released its earnings results on Thursday, July 26th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.76 billion. Newmont Mining had a return on equity of 6.17% and a net margin of 2.23%. Newmont Mining’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 earnings per share. equities analysts predict that Newmont Mining Corp will post 1.26 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Thursday, September 13th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Wednesday, September 12th. Newmont Mining’s payout ratio is currently 38.36%.

A number of institutional investors have recently bought and sold shares of NEM. Mount Yale Investment Advisors LLC bought a new position in Newmont Mining during the first quarter worth about $115,000. Private Capital Group LLC grew its holdings in Newmont Mining by 177.0% during the first quarter. Private Capital Group LLC now owns 3,028 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 1,935 shares during the period. Summit Trail Advisors LLC grew its holdings in Newmont Mining by 4,127.4% during the first quarter. Summit Trail Advisors LLC now owns 127,624 shares of the basic materials company’s stock worth $128,000 after purchasing an additional 124,605 shares during the period. Signaturefd LLC bought a new position in Newmont Mining during the first quarter worth about $152,000. Finally, Stephens Inc. AR bought a new position in Newmont Mining during the first quarter worth about $219,000. Institutional investors and hedge funds own 82.76% of the company’s stock.

Several analysts have issued reports on the company. ValuEngine downgraded Newmont Mining from a “buy” rating to a “hold” rating in a research note on Wednesday, June 6th. Morgan Stanley raised Newmont Mining from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, June 12th. Canaccord Genuity set a $40.00 price target on Newmont Mining and gave the company a “hold” rating in a research note on Tuesday, July 24th. Finally, Citigroup dropped their price target on Newmont Mining from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $42.64.

About Newmont Mining

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold, copper, and silver. Its operations and/or assets are located in the United States, Australia, Peru, Ghana, and Suriname. As of February 22, 2018, the company had proven and probable gold reserves of 68.5 million ounces and an aggregate land position of approximately 23,000 square miles.

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

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