Newmont Mining Corp (NEM) COO Thomas Ronald Palmer Sells 1,250 Shares
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.
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