Liberty Mutual Group Asset Management Inc. Has $650,000 Position in Newmont Mining Corporation (NYSE:NEM)

Liberty Mutual Group Asset Management Inc. decreased its position in shares of Newmont Mining Corporation (NYSE:NEM) by 35.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,709 shares of the basic materials company’s stock after selling 10,594 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Newmont Mining Corporation were worth $650,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gulf International Bank UK Ltd boosted its position in shares of Newmont Mining Corporation by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 162,348 shares of the basic materials company’s stock valued at $5,350,000 after buying an additional 2,400 shares during the period. Creative Planning boosted its position in shares of Newmont Mining Corporation by 6.8% in the first quarter. Creative Planning now owns 7,163 shares of the basic materials company’s stock valued at $236,000 after buying an additional 453 shares during the period. Rathbone Brothers plc boosted its position in shares of Newmont Mining Corporation by 7.6% in the first quarter. Rathbone Brothers plc now owns 139,525 shares of the basic materials company’s stock valued at $4,599,000 after buying an additional 9,850 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Newmont Mining Corporation during the fourth quarter valued at about $585,000. Finally, Kentucky Retirement Systems purchased a new position in shares of Newmont Mining Corporation during the fourth quarter valued at about $1,312,000. 81.65% of the stock is owned by institutional investors.

Newmont Mining Corporation (NYSE NEM) traded down 1.22% during midday trading on Thursday, reaching $36.51. 5,222,259 shares of the company were exchanged. The stock’s market capitalization is $19.47 billion. Newmont Mining Corporation has a 52 week low of $30.19 and a 52 week high of $46.07. The firm’s 50 day moving average price is $33.56 and its 200-day moving average price is $34.18.

Newmont Mining Corporation (NYSE:NEM) last posted its earnings results on Tuesday, July 25th. The basic materials company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.20. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.77 billion. Newmont Mining Corporation had a positive return on equity of 6.67% and a negative net margin of 6.73%. Newmont Mining Corporation’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 earnings per share. Equities analysts forecast that Newmont Mining Corporation will post $1.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be issued a $0.075 dividend. This is a positive change from Newmont Mining Corporation’s previous quarterly dividend of $0.05. The ex-dividend date is Wednesday, September 13th. This represents a $0.30 annualized dividend and a yield of 0.81%. Newmont Mining Corporation’s dividend payout ratio is -22.22%.

COPYRIGHT VIOLATION WARNING: “Liberty Mutual Group Asset Management Inc. Has $650,000 Position in Newmont Mining Corporation (NYSE:NEM)” was reported by BNB Daily and is the property of of BNB Daily. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.baseball-news-blog.com/2017/07/27/liberty-mutual-group-asset-management-inc-reduces-position-in-newmont-mining-corporation-nysenem-updated-updated-updated.html.

Several research firms have recently weighed in on NEM. Argus raised shares of Newmont Mining Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Thursday. Jefferies Group LLC reissued a “hold” rating and set a $35.00 price objective (down from $37.00) on shares of Newmont Mining Corporation in a report on Friday, July 14th. Royal Bank Of Canada reissued a “hold” rating and set a $40.00 price objective on shares of Newmont Mining Corporation in a report on Tuesday, July 18th. TD Securities boosted their price objective on shares of Newmont Mining Corporation from $36.00 to $50.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Scotiabank boosted their price objective on shares of Newmont Mining Corporation from $43.50 to $55.00 and gave the company an “outperform” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Newmont Mining Corporation currently has a consensus rating of “Hold” and a consensus price target of $41.91.

In related news, EVP E Randall Engel sold 5,700 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $35.00, for a total transaction of $199,500.00. Following the sale, the executive vice president now owns 256,800 shares of the company’s stock, valued at $8,988,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Gary J. Goldberg sold 1,000 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $31.80, for a total value of $31,800.00. Following the sale, the insider now directly owns 334,730 shares in the company, valued at approximately $10,644,414. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,950 shares of company stock worth $468,670. Corporate insiders own 0.32% of the company’s stock.

Newmont Mining Corporation Company 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.

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

Receive News & Ratings for Newmont Mining Corporation Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Newmont Mining Corporation and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply