Newmont Mining Corp (NYSE:NEM) COO Thomas Ronald Palmer sold 1,250 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $36.98, for a total transaction of $46,225.00. Following the completion of the transaction, the chief operating officer now owns 85,612 shares in the company, valued at $3,165,931.76. The sale was disclosed in a filing with the SEC, which is available through this link.

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

  • 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.
  • On Monday, October 2nd, Thomas Ronald Palmer sold 1,250 shares of Newmont Mining stock. The stock was sold at an average price of $37.35, for a total transaction of $46,687.50.

Shares of Newmont Mining Corp (NYSE:NEM) opened at $36.84 on Tuesday. The firm has a market cap of $19,834.78, a P/E ratio of 26.75 and a beta of 0.10. Newmont Mining Corp has a one year low of $30.40 and a one year high of $39.63. The company has a quick ratio of 3.58, a current ratio of 4.18 and a debt-to-equity ratio of 0.33.

Newmont Mining (NYSE:NEM) last announced its earnings results on Thursday, October 26th. The basic materials company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.86 billion. Newmont Mining had a net margin of 1.18% and a return on equity of 6.20%. Newmont Mining’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.38 earnings per share. equities research analysts anticipate that Newmont Mining Corp will post 1.44 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 8th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.30 annualized dividend and a yield of 0.81%. Newmont Mining’s dividend payout ratio (DPR) is 200.00%.

A number of equities analysts have recently issued reports on the stock. B. Riley reiterated a “neutral” rating on shares of Newmont Mining in a research note on Wednesday, November 1st. BidaskClub downgraded shares of Newmont Mining from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. TheStreet downgraded shares of Newmont Mining from a “b-” rating to a “c” rating in a research note on Friday, November 17th. BMO Capital Markets set a $40.00 price objective on shares of Newmont Mining and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Finally, TD Securities set a $42.00 price objective on shares of Newmont Mining and gave the company a “hold” rating in a research note on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.83.

A number of institutional investors and hedge funds have recently made changes to their positions in NEM. Sun Life Financial INC boosted its stake in Newmont Mining by 43,144.4% in the second quarter. Sun Life Financial INC now owns 3,892 shares of the basic materials company’s stock valued at $126,000 after acquiring an additional 3,883 shares in the last quarter. Tiedemann Wealth Management LLC boosted its stake in Newmont Mining by 66.5% in the third quarter. Tiedemann Wealth Management LLC now owns 14,862 shares of the basic materials company’s stock valued at $170,000 after acquiring an additional 5,938 shares in the last quarter. Parametrica Management Ltd acquired a new stake in Newmont Mining in the third quarter valued at approximately $222,000. Timber Hill LLC acquired a new stake in Newmont Mining in the third quarter valued at approximately $260,000. Finally, Veritable L.P. boosted its stake in Newmont Mining by 4.6% in the second quarter. Veritable L.P. now owns 8,473 shares of the basic materials company’s stock valued at $274,000 after acquiring an additional 370 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

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Newmont Mining Company Profile

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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