Xact Kapitalforvaltning AB Buys 1,199 Shares of Newmont Mining Corporation (NEM)

Xact Kapitalforvaltning AB boosted its stake in shares of Newmont Mining Corporation (NYSE:NEM) by 2.9% during the second quarter, Holdings Channel reports. The fund owned 42,033 shares of the basic materials company’s stock after buying an additional 1,199 shares during the period. Xact Kapitalforvaltning AB’s holdings in Newmont Mining Corporation were worth $1,361,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NEM. DnB Asset Management AS raised its stake in shares of Newmont Mining Corporation by 1.9% in the second quarter. DnB Asset Management AS now owns 65,727 shares of the basic materials company’s stock worth $2,129,000 after buying an additional 1,200 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Newmont Mining Corporation by 1.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 230,555 shares of the basic materials company’s stock worth $7,600,000 after buying an additional 4,315 shares during the last quarter. Patten Group Inc. raised its stake in shares of Newmont Mining Corporation by 2.1% in the first quarter. Patten Group Inc. now owns 38,976 shares of the basic materials company’s stock worth $1,337,000 after buying an additional 800 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Newmont Mining Corporation by 0.4% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 66,675 shares of the basic materials company’s stock worth $2,198,000 after buying an additional 233 shares during the last quarter. Finally, Achmea Investment Management B.V. purchased a new stake in shares of Newmont Mining Corporation during the first quarter worth about $4,078,000. 81.71% of the stock is currently owned by hedge funds and other institutional investors.

Newmont Mining Corporation (NYSE NEM) opened at 33.30 on Monday. Newmont Mining Corporation has a 52 week low of $30.19 and a 52 week high of $46.07. The company’s 50 day moving average is $33.74 and its 200-day moving average is $34.13. The firm’s market cap is $17.76 billion.

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Newmont Mining Corporation (NYSE:NEM) last released its quarterly earnings results on Monday, April 24th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.03. Newmont Mining Corporation had a negative net margin of 8.70% and a positive return on equity of 6.24%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. Equities analysts expect that Newmont Mining Corporation will post $1.13 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 22nd. Investors of record on Thursday, June 8th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.60%. The ex-dividend date was Tuesday, June 6th. Newmont Mining Corporation’s dividend payout ratio (DPR) is -16.81%.

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A number of analysts have issued reports on the company. Credit Suisse Group reissued a “buy” rating and issued a $47.00 target price on shares of Newmont Mining Corporation in a research report on Wednesday, June 14th. Royal Bank Of Canada set a $40.00 target price on Newmont Mining Corporation and gave the company a “hold” rating in a research report on Monday, June 12th. Jefferies Group LLC boosted their target price on Newmont Mining Corporation from $34.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Deutsche Bank AG reissued a “buy” rating and issued a $42.00 target price (down previously from $44.00) on shares of Newmont Mining Corporation in a research report on Sunday, June 25th. Finally, Raymond James Financial, Inc. assumed coverage on Newmont Mining Corporation in a research report on Thursday, June 15th. They issued an “outperform” rating and a $43.00 target price on the stock. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Newmont Mining Corporation has an average rating of “Hold” and an average target price of $41.15.

In other Newmont Mining Corporation news, COO Thomas Ronald Palmer sold 1,250 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $31.80, for a total transaction of $39,750.00. Following the completion of the transaction, the chief operating officer now directly owns 91,862 shares of the company’s stock, valued at approximately $2,921,211.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scott P. Lawson sold 1,500 shares of the firm’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $33.70, for a total transaction of $50,550.00. Following the transaction, the executive vice president now directly owns 61,696 shares of the company’s stock, valued at $2,079,155.20. The disclosure for this sale can be found here. Insiders have sold a total of 15,450 shares of company stock worth $519,220 in the last ninety days. 0.32% of the stock is currently owned by insiders.

About Newmont Mining Corporation

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 Corporation (NYSE:NEM)

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Xact Kapitalforvaltning AB Buys 1,199 Shares of Newmont Mining Corporation
Xact Kapitalforvaltning AB Buys 1,199 Shares of Newmont Mining Corporation


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