04 August, 2017
Cleararc Capital Inc. raised its position in shares of Newmont Mining Corporation by 0.6% in the first quarter. Cedar Wealth Management LLC's holdings in Newmont Mining Corporation were worth $296,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. WFG Advisors LP raised its position in shares of Newmont Mining Corporation by 83.5% 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 during the period.
Santa Barbara Asset Management Llc, which manages about $4.47B and $5.52 billion US Long portfolio, decreased its stake in Honeywell International Inc (NYSE:HON) by 20,479 shares to 1.18 million shares, valued at $136.34 million in 2016Q4, according to the filing. Advisor Partners LLC now owns 11,349 shares of the basic materials company's stock valued at $374,000 after buying an additional 84 shares in the last quarter. Finally, Ruffer LLP raised its position in Newmont Mining Corporation by 6,080.4% in the first quarter. Institutional investors own 81.41% of the company's stock.
The share price of the company (NYSE:NEM) was down -0.30% during the last trading session, with a high of 37.14 and the volume of Newmont Mining Corporation shares traded was 259. The company was downgraded on Thursday, March 16 by RBC Capital Markets.
Newmont Mining Corporation was upgraded to " by analysts at Argus.
Newmont Mining Corporation (NYSE:NEM) last announced its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.20. 19 are held by Massmutual Fsb Adv. Los Angeles Capital Mngmt And Equity Research reported 0.46% in Newmont Mining Corp (NYSE:NEM). During the same quarter in the previous year, the firm posted $0.44 earnings per share. The business's revenue for the quarter was up 12.3% on a year-over-year basis.
For the past 5 years, Newmont Mining Corporation's EPS growth has been almost -19.3%. Investors of record on Thursday, September 14th will be paid a $0.075 dividend. This is an increase from Newmont Mining Corporation's previous quarterly dividend of $0.05. At present, 0 analysts call it Sell, while 3 think it is Hold.
Newmont Mining Corporation (NYSE:NEM) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a research note issued to investors on Monday. If you are reading this report on another publication, it was illegally copied and reposted in violation of worldwide trademark and copyright law. The original version of this news story can be accessed at https://www.themarketsdaily.com/2017/08/03/lee-financial-co-holds-stake-in-newmont-mining-corporation-nysenem.html. Wolfe Research maintained the shares of ENB in report on Monday, May 15 with "Market Perform" rating. TD Securities boosted their target price on Newmont Mining Corporation from $36.00 to $50.00 and gave the stock a "hold" rating in a report on Wednesday, July 26th. Finally, Royal Bank Of Canada set a $40.00 price target on shares of Newmont Mining Corporation and gave the stock a "hold" rating in a report on Monday, June 12th. Jefferies Group LLC restated a "hold" rating and issued a $35.00 target price (down from $37.00) on shares of Newmont Mining Corporation in a report on Friday, July 14th. Deutsche Bank AG reissued a "buy" rating and issued a $42.00 price target (down previously from $44.00) on shares of Newmont Mining Corporation in a report on Sunday, June 25th. Newmont Mining Corporation has an average rating of "Buy" and an average target price of $41.73.
In related news, COO Thomas Ronald Palmer sold 1,250 shares of the firm's stock in a transaction that occurred on Monday, July 3rd. The share price has moved forward from its 20 days moving average, trading at a distance of 8.58% and stays 9.27% away from its 50 days moving average. 4,500 Newmont Mining Corp (NYSE:NEM) shares with value of $151,830 were sold by Lawson Scott P. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
The collective rating of 2.3 for Newmont Mining Corporation (NYSE:NEM) also leans strongly towards the neutral end of the spectrum. The shares were sold at an average price of $33.67, for a total value of $33,670.00. Following the sale, the insider now owns 334,730 shares in the company, valued at $10,644,414. The disclosure for this sale can be found here. Insiders sold a total of 14,957 shares of company stock worth $508,436 over the last 90 days. Meanwhile, due to an ongoing pressure which caused a decline of nearly -0.02% in the past five days, the stock price is now up 2.74% so far on the year - still in weak territory. More interesting news about Newmont Mining Corp (NYSE:NEM) were released by: Seekingalpha.com and their article: "Newmont Mining: How Would You Spend $378M?" published on July 27, 2017 as well as Reuters.com's news article titled: "Rising gold production pushes Newmont past profit estimates" with publication date: July 25, 2017. The Firm is primarily a gold producer with activities and/or assets in the United States, Australia, Peru, Ghana and Suriname.
