Insider Selling: Newmont Mining Corp (NYSE:NEM) COO Sells 1,250 Shares of Stock

Newmont Mining Corp (NYSE:NEM) COO Thomas Ronald Palmer sold 1,250 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $37.89, for a total transaction of $47,362.50. The sale was disclosed in a filing with the SEC, which is available at this link.

Thomas Ronald Palmer also recently made the following trade(s):

  • On Friday, December 1st, Thomas Ronald Palmer sold 1,250 shares of Newmont Mining stock. The stock was sold at an average price of $36.98, for a total transaction of $46,225.00.
  • On Wednesday, November 1st, Thomas Ronald Palmer sold 1,250 shares of Newmont Mining stock. The stock was sold at an average price of $36.44, for a total transaction of $45,550.00.

Newmont Mining Corp (NYSE:NEM) traded up $0.23 during trading hours on Wednesday, reaching $38.34. 3,540,000 shares of the company traded hands, compared to its average volume of 4,890,000. The company has a market capitalization of $20,450.00, a PE ratio of 54.77 and a beta of 0.10. Newmont Mining Corp has a twelve month low of $31.42 and a twelve month high of $39.62. The company has a current ratio of 4.18, a quick ratio of 3.58 and a debt-to-equity ratio of 0.33.

Newmont Mining (NYSE:NEM) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Newmont Mining had a net margin of 1.18% and a return on equity of 6.20%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 earnings per share. analysts predict that Newmont Mining Corp will post 1.44 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Friday, December 8th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, December 7th. Newmont Mining’s dividend payout ratio (DPR) is currently 42.86%.

NEM has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Wednesday, October 18th. Royal Bank of Canada restated a “hold” rating and issued a $43.00 target price on shares of Newmont Mining in a report on Tuesday, December 5th. TheStreet upgraded shares of Newmont Mining from a “c+” rating to a “b” rating in a report on Wednesday, October 11th. FBR & Co set a $40.00 target price on shares of Newmont Mining and gave the stock a “hold” rating in a report on Tuesday, October 31st. Finally, BMO Capital Markets set a $45.00 target price on shares of Newmont Mining and gave the stock a “buy” rating in a report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Newmont Mining currently has a consensus rating of “Buy” and an average price target of $42.64.

Large investors have recently added to or reduced their stakes in the stock. Sun Life Financial INC lifted its position in Newmont Mining by 43,144.4% during the second quarter. Sun Life Financial INC now owns 3,892 shares of the basic materials company’s stock valued at $126,000 after buying an additional 3,883 shares during the period. Tiedemann Wealth Management LLC lifted its position in Newmont Mining by 66.5% during the third quarter. Tiedemann Wealth Management LLC now owns 14,862 shares of the basic materials company’s stock valued at $170,000 after buying an additional 5,938 shares during the period. Parametrica Management Ltd purchased a new position in Newmont Mining during the third quarter valued at $222,000. Timber Hill LLC purchased a new position in Newmont Mining during the third quarter valued at $260,000. Finally, Veritable L.P. lifted its position in Newmont Mining by 4.6% during the second quarter. Veritable L.P. now owns 8,473 shares of the basic materials company’s stock valued at $274,000 after buying an additional 370 shares during the period. Institutional investors and hedge funds own 81.86% of the company’s stock.

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About Newmont Mining

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 (NYSE:NEM)

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