Newmont Mining Corporation (NEM) Stake Increased by Toronto Dominion Bank

Toronto Dominion Bank lifted its stake in shares of Newmont Mining Corporation (NYSE:NEM) by 114.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 398,523 shares of the basic materials company’s stock after buying an additional 212,536 shares during the quarter. Toronto Dominion Bank owned about 0.07% of Newmont Mining Corporation worth $14,948,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Smith Affiliated Capital Corp. grew its position in Newmont Mining Corporation by 8.6% in the 2nd quarter. Smith Affiliated Capital Corp. now owns 3,800 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 300 shares during the period. Suntrust Banks Inc. grew its position in Newmont Mining Corporation by 0.5% in the 2nd quarter. Suntrust Banks Inc. now owns 65,794 shares of the basic materials company’s stock valued at $2,130,000 after purchasing an additional 331 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Newmont Mining Corporation by 0.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 50,318 shares of the basic materials company’s stock valued at $1,630,000 after purchasing an additional 353 shares during the period. Veritable L.P. grew its position in Newmont Mining Corporation by 4.6% in the 2nd quarter. Veritable L.P. now owns 8,473 shares of the basic materials company’s stock valued at $274,000 after purchasing an additional 370 shares during the period. Finally, Louisiana State Employees Retirement System grew its position in Newmont Mining Corporation by 1.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 33,100 shares of the basic materials company’s stock valued at $1,072,000 after purchasing an additional 400 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

In other Newmont Mining Corporation news, insider Gary J. Goldberg sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $38.60, for a total value of $38,600.00. Following the completion of the sale, the insider now owns 334,730 shares in the company, valued at $12,920,578. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Thomas Ronald Palmer sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $38.60, for a total value of $48,250.00. Following the completion of the sale, the chief operating officer now owns 89,362 shares of the company’s stock, valued at approximately $3,449,373.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,700 shares of company stock valued at $1,042,103. 0.32% of the stock is owned by insiders.

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Shares of Newmont Mining Corporation (NYSE NEM) traded up $0.19 during midday trading on Tuesday, hitting $35.71. The stock had a trading volume of 4,428,400 shares, compared to its average volume of 5,482,654. The stock has a market capitalization of $19,050.00, a price-to-earnings ratio of 25.55 and a beta of 0.11. The company has a quick ratio of 3.58, a current ratio of 4.18 and a debt-to-equity ratio of 0.33. Newmont Mining Corporation has a 52 week low of $30.19 and a 52 week high of $39.63.

Newmont Mining Corporation (NYSE:NEM) last issued its earnings results on Thursday, October 26th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.86 billion. Newmont Mining Corporation had a return on equity of 6.20% and a net margin of 1.18%. Newmont Mining Corporation’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. analysts anticipate that Newmont Mining Corporation will post 1.44 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 8th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.84%. The ex-dividend date is Thursday, December 7th. Newmont Mining Corporation’s dividend payout ratio is currently 42.86%.

NEM has been the subject of several research reports. Royal Bank Of Canada reissued a “hold” rating and issued a $40.00 price target on shares of Newmont Mining Corporation in a research report on Tuesday, July 18th. Credit Suisse Group set a $45.00 target price on Newmont Mining Corporation and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Scotiabank lifted their target price on Newmont Mining Corporation from $43.50 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th. TD Securities boosted their price objective on Newmont Mining Corporation from $36.00 to $50.00 and gave the company a “hold” rating in a research note on Wednesday, July 26th. Finally, Argus upgraded Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $40.50.

Newmont Mining Corporation Profile

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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