Newmont Mining Corp (NEM) Position Trimmed by Skandinaviska Enskilda Banken AB publ
Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of Newmont Mining Corp (NYSE:NEM) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,945 shares of the basic materials company’s stock after selling 2,900 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Newmont Mining were worth $2,173,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Natixis acquired a new stake in Newmont Mining in the second quarter valued at $23,387,000. Janus Henderson Group PLC grew its holdings in Newmont Mining by 6.8% in the second quarter. Janus Henderson Group PLC now owns 3,598,606 shares of the basic materials company’s stock valued at $135,716,000 after purchasing an additional 228,782 shares during the last quarter. California Public Employees Retirement System grew its holdings in Newmont Mining by 15.0% in the second quarter. California Public Employees Retirement System now owns 1,600,820 shares of the basic materials company’s stock valued at $60,367,000 after purchasing an additional 208,625 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Newmont Mining in the second quarter valued at $1,273,000. Finally, AGF Investments Inc. grew its holdings in Newmont Mining by 2.5% in the second quarter. AGF Investments Inc. now owns 166,100 shares of the basic materials company’s stock valued at $6,264,000 after purchasing an additional 4,100 shares during the last quarter. 84.49% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Elaine J. Dorward-King sold 3,000 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $30.20, for a total transaction of $90,600.00. Following the transaction, the executive vice president now directly owns 102,831 shares in the company, valued at $3,105,496.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Thomas Ronald Palmer sold 1,250 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $30.20, for a total value of $37,750.00. The disclosure for this sale can be found here. Insiders sold 21,750 shares of company stock worth $670,690 over the last 90 days. Company insiders own 0.36% of the company’s stock.
Shares of NYSE:NEM opened at $33.32 on Friday. The company has a current ratio of 4.70, a quick ratio of 4.02 and a debt-to-equity ratio of 0.36. Newmont Mining Corp has a 52-week low of $29.06 and a 52-week high of $42.04. The firm has a market capitalization of $17.26 billion, a PE ratio of 24.18 and a beta of 0.22.
Newmont Mining (NYSE:NEM) last issued its quarterly earnings data on Thursday, October 25th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.11. Newmont Mining had a positive return on equity of 6.19% and a negative net margin of 2.63%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.80 billion. On average, equities analysts anticipate that Newmont Mining Corp will post 1.22 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 6th will be given a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.56 annualized dividend and a dividend yield of 1.68%. Newmont Mining’s dividend payout ratio is currently 38.36%.
Newmont Mining Company Profile
Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold, copper, and silver. Its operations and/or assets are located in the United States, Australia, Peru, Ghana, and Suriname. As of February 22, 2018, the company had proven and probable gold reserves of 68.5 million ounces and an aggregate land position of approximately 23,000 square miles.
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