Newmont Mining Corp (NEM) Stake Increased by Gideon Capital Advisors Inc.

Gideon Capital Advisors Inc. grew its holdings in Newmont Mining Corp (NYSE:NEM) by 52.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,210 shares of the basic materials company’s stock after buying an additional 13,121 shares during the quarter. Gideon Capital Advisors Inc.’s holdings in Newmont Mining were worth $1,154,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisor Group LLC acquired a new stake in shares of Newmont Mining in the 3rd quarter valued at approximately $225,000. Levin Capital Strategies L.P. acquired a new stake in shares of Newmont Mining in the 3rd quarter valued at approximately $226,000. Dupont Capital Management Corp lifted its holdings in shares of Newmont Mining by 38.7% in the 2nd quarter. Dupont Capital Management Corp now owns 6,864 shares of the basic materials company’s stock valued at $259,000 after buying an additional 1,916 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Newmont Mining in the 2nd quarter valued at approximately $273,000. Finally, Fosun International Ltd acquired a new stake in shares of Newmont Mining in the 3rd quarter valued at approximately $276,000. 85.48% of the stock is owned by institutional investors and hedge funds.

NYSE NEM opened at $32.46 on Monday. Newmont Mining Corp has a 1-year low of $29.06 and a 1-year high of $42.04. The company has a market capitalization of $17.29 billion, a P/E ratio of 22.23 and a beta of 0.22. The company has a quick ratio of 4.02, a current ratio of 4.70 and a debt-to-equity ratio of 0.36.

Newmont Mining (NYSE:NEM) last released its quarterly earnings data on Thursday, October 25th. The basic materials company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.11. Newmont Mining had a positive return on equity of 6.19% and a negative net margin of 2.63%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.80 billion. On average, equities research analysts expect that Newmont Mining Corp will post 1.22 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Thursday, December 6th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, December 5th. Newmont Mining’s payout ratio is 38.36%.

Several analysts have recently commented on NEM shares. ValuEngine cut Newmont Mining from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Citigroup reduced their price target on Newmont Mining from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, August 29th. JPMorgan Chase & Co. reduced their price target on Newmont Mining from $47.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, September 17th. BMO Capital Markets reissued a “buy” rating and issued a $46.00 price target on shares of Newmont Mining in a report on Friday, September 21st. Finally, Deutsche Bank set a $37.00 price target on Newmont Mining and gave the company a “hold” rating in a report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Newmont Mining presently has a consensus rating of “Hold” and a consensus target price of $41.33.

In other Newmont Mining news, CEO Gary J. Goldberg sold 4,000 shares of the firm’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $31.51, for a total transaction of $126,040.00. Following the completion of the transaction, the chief executive officer now owns 138,533 shares of the company’s stock, valued at $4,365,174.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Ronald Palmer sold 1,250 shares of the firm’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $31.51, for a total value of $39,387.50. Following the transaction, the insider now directly owns 130,360 shares of the company’s stock, valued at approximately $4,107,643.60. The disclosure for this sale can be found here. Insiders have sold 21,750 shares of company stock valued at $670,690 in the last three months. 0.36% of the stock is currently owned by company insiders.

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Newmont Mining Company Profile

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

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