Gamco Investors INC. ET AL reduced its position in shares of Newmont Mining Corporation (NYSE:NEM) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,365,232 shares of the company’s stock after selling 54,200 shares during the period. Gamco Investors INC. ET AL’s holdings in Newmont Mining Corporation were worth $46,513,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. New York Life Trust Co. raised its stake in shares of Newmont Mining Corporation by 9.0% in the third quarter. New York Life Trust Co. now owns 2,707 shares of the company’s stock worth $106,000 after buying an additional 224 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Newmont Mining Corporation during the third quarter worth $153,000. Tuttle Tactical Management LLC acquired a new stake in shares of Newmont Mining Corporation during the third quarter worth $172,000. Sullivan Bruyette Speros & Blaney Inc. acquired a new stake in shares of Newmont Mining Corporation during the second quarter worth $203,000. Finally, Balasa Dinverno & Foltz LLC acquired a new stake in shares of Newmont Mining Corporation during the third quarter worth $207,000. 82.02% of the stock is currently owned by institutional investors.
Shares of Newmont Mining Corporation (NYSE:NEM) traded down 1.49% on Friday, hitting $37.01. The company had a trading volume of 2,709,984 shares. The stock’s market cap is $19.64 billion. The company has a 50-day moving average of $35.83 and a 200 day moving average of $36.91. Newmont Mining Corporation has a 12 month low of $24.08 and a 12 month high of $46.07.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Investors of record on Thursday, March 9th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.53%. Newmont Mining Corporation’s dividend payout ratio (DPR) is -19.42%.
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A number of equities research analysts have weighed in on NEM shares. Credit Suisse Group reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Newmont Mining Corporation in a report on Tuesday, December 20th. Vetr lowered Newmont Mining Corporation from a “strong-buy” rating to a “buy” rating and set a $33.23 price objective on the stock. in a report on Monday, December 19th. Bank of America Corporation raised Newmont Mining Corporation from a “neutral” rating to a “buy” rating in a report on Monday, November 28th. Mackie raised Newmont Mining Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 31st. Finally, Standpoint Research raised Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Thursday, December 29th. Eight 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 an average target price of $40.62.
In related news, EVP Scott P. Lawson sold 1,500 shares of the stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $35.83, for a total transaction of $53,745.00. Following the sale, the executive vice president now owns 43,295 shares in the company, valued at $1,551,259.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.22% of the stock is owned by corporate insiders.
Newmont Mining Corporation 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.
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