Neuberger Berman Group LLC reduced its position in shares of Newmont Mining Corp. (NYSE:NEM) by 28.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,808,859 shares of the company’s stock after selling 715,664 shares during the period. Neuberger Berman Group LLC’s holdings in Newmont Mining Corp. were worth $71,070,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in NEM. Klingenstein Fields & Co. LLC increased its stake in shares of Newmont Mining Corp. by 4.4% in the second quarter. Klingenstein Fields & Co. LLC now owns 624,640 shares of the company’s stock worth $24,436,000 after buying an additional 26,270 shares in the last quarter. Carmignac Gestion increased its stake in shares of Newmont Mining Corp. by 3.5% in the second quarter. Carmignac Gestion now owns 13,079,898 shares of the company’s stock worth $511,686,000 after buying an additional 436,300 shares in the last quarter. General Electric Co. increased its stake in shares of Newmont Mining Corp. by 2,393.7% in the second quarter. General Electric Co. now owns 860,218 shares of the company’s stock worth $33,652,000 after buying an additional 825,722 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Newmont Mining Corp. by 48.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 264,229 shares of the company’s stock worth $10,382,000 after buying an additional 86,308 shares in the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. increased its stake in shares of Newmont Mining Corp. by 0.4% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 854,883 shares of the company’s stock worth $33,443,000 after buying an additional 3,446 shares in the last quarter. 79.70% of the stock is currently owned by institutional investors.

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

Newmont Mining Corp. (NYSE:NEM) opened at 33.55 on Wednesday. Newmont Mining Corp. has a 12-month low of $16.05 and a 12-month high of $46.07. The firm’s 50-day moving average is $34.98 and its 200 day moving average is $37.97. The stock’s market capitalization is $17.81 billion.

Newmont Mining Corp. (NYSE:NEM) last released 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. Newmont Mining Corp. had a negative net margin of 6.99% and a positive return on equity of 4.94%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the firm earned $0.23 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities research analysts anticipate that Newmont Mining Corp. will post $1.72 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 8th will be issued a dividend of $0.05 per share. This is an increase from Newmont Mining Corp.’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $0.20 annualized dividend and a dividend yield of 0.60%. Newmont Mining Corp.’s payout ratio is -9.71%.

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NEM has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Newmont Mining Corp. from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 3rd. Vetr upgraded shares of Newmont Mining Corp. from a “buy” rating to a “strong-buy” rating and set a $47.47 target price for the company in a report on Wednesday, August 24th. Barclays PLC upgraded shares of Newmont Mining Corp. from an “equal weight” rating to an “overweight” rating and set a $45.00 target price for the company in a report on Monday, October 17th. Bank of America Corp. upgraded shares of Newmont Mining Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, November 22nd. Finally, Mackie upgraded shares of Newmont Mining Corp. from a “hold” rating to a “buy” rating in a report on Monday, October 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $38.65.

In other news, EVP William N. Macgowan sold 2,006 shares of the business’s stock in a transaction on Tuesday, November 1st. The shares were 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 owns 96,773 shares of the company’s stock, valued at $3,631,890.69. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott P. Lawson sold 1,500 shares of the business’s stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $35.99, for a total transaction of $53,985.00. Following the transaction, the executive vice president now directly owns 44,795 shares of the company’s stock, valued at approximately $1,612,172.05. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.

Newmont Mining Corp. Company Profile

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.

5 Day Chart for NYSE:NEM

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