Delta Lloyd NV Has $1,491,000 Position in Newmont Mining Corp. (NEM)
Delta Lloyd NV continued to hold its stake in Newmont Mining Corp. (NYSE:NEM) during the third quarter, Holdings Channel reports. The firm owned 37,948 shares of the company’s stock at the end of the third quarter. Delta Lloyd NV’s holdings in Newmont Mining Corp. were worth $1,491,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in NEM. Jacobs Levy Equity Management Inc. purchased a new stake in Newmont Mining Corp. during the first quarter worth about $621,000. Seven Eight Capital LLC raised its position in Newmont Mining Corp. by 324.6% in the first quarter. Seven Eight Capital LLC now owns 10,857 shares of the company’s stock worth $289,000 after buying an additional 8,300 shares during the last quarter. BlueMountain Capital Management LLC raised its position in Newmont Mining Corp. by 66.1% in the first quarter. BlueMountain Capital Management LLC now owns 30,017 shares of the company’s stock worth $798,000 after buying an additional 11,948 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its position in Newmont Mining Corp. by 6.6% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 137,328 shares of the company’s stock worth $5,372,000 after buying an additional 8,490 shares during the last quarter. Finally, Cabot Wealth Management Inc. bought a new position in Newmont Mining Corp. during the second quarter worth approximately $3,417,000. 79.70% of the stock is owned by institutional investors and hedge funds.
Newmont Mining Corp. (NYSE:NEM) traded down 3.31% on Wednesday, hitting $32.44. The stock had a trading volume of 12,803,067 shares. The firm’s market cap is $17.22 billion. Newmont Mining Corp. has a 52-week low of $16.05 and a 52-week high of $46.07. The company’s 50 day moving average price is $34.92 and its 200 day moving average price is $37.93.
Newmont Mining Corp. (NYSE:NEM) last issued its earnings results on Wednesday, October 26th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.12. The firm earned $2.04 billion during the quarter, compared to the consensus estimate of $2.02 billion. Newmont Mining Corp. had a positive return on equity of 4.94% and a negative net margin of 6.99%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 EPS. Analysts expect that Newmont Mining Corp. will post $1.72 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 8th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, December 6th. This represents a $0.20 annualized dividend and a yield of 0.62%. This is an increase from Newmont Mining Corp.’s previous quarterly dividend of $0.03. Newmont Mining Corp.’s dividend payout ratio is currently -9.71%.
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A number of equities analysts have recently commented on NEM shares. Zacks Investment Research lowered Newmont Mining Corp. from a “strong-buy” rating to a “hold” rating in a report on Monday, October 3rd. Vetr raised Newmont Mining Corp. from a “buy” rating to a “strong-buy” rating and set a $47.47 price target for the company in a report on Wednesday, August 24th. Barclays PLC raised Newmont Mining Corp. from an “equal weight” rating to an “overweight” rating and set a $45.00 price target for the company in a report on Monday, October 17th. Bank of America Corp. raised Newmont Mining Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, November 22nd. Finally, Mackie raised Newmont Mining Corp. from a “hold” rating to a “buy” rating in a report on Monday, October 31st. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $38.65.
In related news, EVP Scott P. Lawson sold 1,500 shares of the company’s stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $35.99, for a total value of $53,985.00. Following the completion of the transaction, the executive vice president now owns 44,795 shares of the company’s stock, valued at approximately $1,612,172.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP William N. Macgowan sold 2,006 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $37.53, for a total transaction of $75,285.18. Following the completion of the transaction, the executive vice president now directly owns 96,773 shares of the company’s stock, valued at approximately $3,631,890.69. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by corporate insiders.
About Newmont Mining Corp.
Newmont Mining Corporation is a global 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, Indonesia, Ghana and Suriname. Its segments are North America, South America, Asia Pacific and Africa.
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