The Livforsakringsbolaget Skandia Omsesidigt Decreases Position in Newmont Mining Corporation (NEM)

The Livforsakringsbolaget Skandia Omsesidigt Decreases Position in Newmont Mining Corporation (NEM)

Livforsakringsbolaget Skandia Omsesidigt decreased its stake in shares of Newmont Mining Corporation (NYSE:NEM) by 86.1% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 7,400 shares of the company’s stock after selling 45,843 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Newmont Mining Corporation were worth $503,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Klingenstein Fields & Co. LLC boosted its stake in shares of Newmont Mining Corporation by 4.4% in the second quarter. Klingenstein Fields & Co. LLC now owns 624,640 shares of the company’s stock valued at $24,436,000 after buying an additional 26,270 shares during the last quarter. Carmignac Gestion boosted its stake in shares of Newmont Mining Corporation by 3.5% in the second quarter. Carmignac Gestion now owns 13,079,898 shares of the company’s stock valued at $511,686,000 after buying an additional 436,300 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Newmont Mining Corporation by 48.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 264,229 shares of the company’s stock valued at $10,382,000 after buying an additional 86,308 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of Newmont Mining Corporation by 0.4% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 854,883 shares of the company’s stock valued at $33,443,000 after buying an additional 3,446 shares during the last quarter. Finally, General Electric Co. boosted its stake in shares of Newmont Mining Corporation by 2,393.7% in the second quarter. General Electric Co. now owns 860,218 shares of the company’s stock valued at $33,652,000 after buying an additional 825,722 shares during the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.

Newmont Mining Corporation (NYSE:NEM) traded up 0.34% on Wednesday, reaching $35.26. 7,530,282 shares of the company’s stock were exchanged. Newmont Mining Corporation has a 1-year low of $16.05 and a 1-year high of $46.07. The company has a 50 day moving average price of $33.44 and a 200-day moving average price of $37.61. The company’s market capitalization is $18.71 billion.

Newmont Mining Corporation (NYSE:NEM) last released its earnings results on Wednesday, October 26th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by $0.12. Newmont Mining Corporation had a negative net margin of 6.99% and a positive return on equity of 4.94%. The business earned $2.04 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the business posted $0.23 EPS. Newmont Mining Corporation’s revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts anticipate that Newmont Mining Corporation will post $1.58 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 29th. Stockholders of record on Thursday, December 8th were given a $0.05 dividend. The ex-dividend date was Tuesday, December 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.57%. This is a boost from Newmont Mining Corporation’s previous quarterly dividend of $0.03. Newmont Mining Corporation’s dividend payout ratio (DPR) is currently -19.42%.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Newmont Mining Corporation from a “strong-buy” rating to a “hold” rating in a report on Monday, October 3rd. Vetr raised shares of Newmont Mining Corporation from a “buy” rating to a “strong-buy” rating and set a $35.58 target price for the company in a report on Wednesday, December 14th. Barclays PLC raised shares of Newmont Mining Corporation 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 Corporation raised shares of Newmont Mining Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday, November 22nd. Finally, Standpoint Research raised shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Thursday, December 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Newmont Mining Corporation has an average rating of “Hold” and an average price target of $39.08.

In other news, EVP Scott P. Lawson sold 1,500 shares of the firm’s stock in a transaction on Tuesday, October 25th. The stock was 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 in the company, valued at $1,612,172.05. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP William N. Macgowan sold 2,006 shares of the firm’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $37.53, for a total value 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 approximately $3,631,890.69. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

About Newmont Mining Corporation

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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