California Public Employees Retirement System raised its holdings in Newmont Mining Corp (NYSE:NEM) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,496,467 shares of the basic materials company’s stock after acquiring an additional 48,670 shares during the quarter. California Public Employees Retirement System’s holdings in Newmont Mining were worth $56,147,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in NEM. Numeric Investors LLC acquired a new stake in Newmont Mining in the second quarter valued at $428,000. The Manufacturers Life Insurance Company lifted its holdings in Newmont Mining by 11.5% in the second quarter. The Manufacturers Life Insurance Company now owns 614,233 shares of the basic materials company’s stock valued at $19,894,000 after acquiring an additional 63,186 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Newmont Mining by 0.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 50,318 shares of the basic materials company’s stock valued at $1,630,000 after acquiring an additional 353 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Newmont Mining in the second quarter valued at $432,000. Finally, Afam Capital Inc. lifted its holdings in Newmont Mining by 0.6% in the second quarter. Afam Capital Inc. now owns 71,692 shares of the basic materials company’s stock valued at $2,322,000 after acquiring an additional 419 shares during the period. 81.88% of the stock is owned by institutional investors.

NEM has been the subject of several research reports. BMO Capital Markets set a $45.00 price target on Newmont Mining and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Scotiabank set a $48.00 price target on Newmont Mining and gave the stock a “buy” rating in a research note on Monday, January 15th. Zacks Investment Research raised Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Wednesday, October 18th. TheStreet downgraded Newmont Mining from a “b-” rating to a “c” rating in a research note on Friday, November 17th. Finally, Deutsche Bank downgraded Newmont Mining from a “buy” rating to a “hold” rating and cut their price target for the stock from $42.00 to $40.00 in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $41.80.

In related news, EVP Elaine J. Dorward-King sold 10,250 shares of Newmont Mining stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $36.48, for a total transaction of $373,920.00. Following the completion of the sale, the executive vice president now owns 71,864 shares in the company, valued at approximately $2,621,598.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gary J. Goldberg sold 1,000 shares of Newmont Mining stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $40.23, for a total value of $40,230.00. Following the sale, the insider now owns 156,096 shares of the company’s stock, valued at approximately $6,279,742.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,700 shares of company stock valued at $1,050,806. 0.32% of the stock is currently owned by company insiders.

Shares of Newmont Mining Corp (NEM) opened at $36.91 on Tuesday. The company has a market capitalization of $19,690.00, a PE ratio of 52.73 and a beta of 0.24. Newmont Mining Corp has a 52-week low of $31.42 and a 52-week high of $42.04. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.58 and a current ratio of 4.18.

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

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