Newmont Mining Corp (NEM) : Dorsey Wright Associates added new position in Newmont Mining Corp during the most recent quarter end. The investment management firm now holds 136,970 shares of Newmont Mining Corp which is valued at $5,652,752 , the company said in a statement filed on Jul 21, 2016 with the SEC.Newmont Mining Corp makes up approximately 2.93% of Dorsey Wright Associates’s portfolio.
Other Hedge Funds, Including , Ls Investment Advisors reduced its stake in NEM by selling 3,584 shares or 15.94% in the most recent quarter. The Hedge Fund company now holds 18,896 shares of NEM which is valued at $779,838. Newmont Mining Corp makes up approx 0.05% of Ls Investment Advisors’s portfolio. Rockefeller Financial Services Inc sold out all of its stake in NEM during the most recent quarter. The investment firm sold 5,418 shares of NEM which is valued $223,601.Manchester Capital Management boosted its stake in NEM in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 4,726 shares of Newmont Mining Corp which is valued at $195,042. Newmont Mining Corp makes up approx 0.03% of Manchester Capital Management’s portfolio.Sunnymeath Asset Management reduced its stake in NEM by selling 2,300 shares or 13.45% in the most recent quarter. The Hedge Fund company now holds 14,800 shares of NEM which is valued at $581,492. Newmont Mining Corp makes up approx 0.82% of Sunnymeath Asset Management’s portfolio.
Newmont Mining Corp opened for trading at $42.45 and hit $42.81 on the upside on Thursday, eventually ending the session at $42.67, with a gain of 0.83% or 0.35 points. The heightened volatility saw the trading volume jump to 62,05,994 shares. Company has a market cap of $22,640 M.
On the company’s financial health, Newmont Mining Corp reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.30. The company had revenue of $2038.00 million for the quarter, compared to analysts expectations of $1898.09 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.
Investors should note that on Jul 20, 2016, Newmont Mining Corp announced a cash dividend of $0.0250. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Sep 29, 2016.
Many Wall Street Analysts have commented on Newmont Mining Corp. Company shares were Reiterated by FBR Capital on Jul 20, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 39 from a previous price target of $31 .Newmont Mining Corp was Downgraded by Jefferies to ” Hold” on Jun 2, 2016. Newmont Mining Corp was Upgraded by Goldman to ” Buy” on May 11, 2016.
Newmont Mining Corporation (Newmont) 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 New Zealand and Suriname. The Company’s business segments include North America South America Asia Pacific and Africa. The Company’s North America segment consists primarily of Carlin Phoenix CC&V and Twin Creeks in the state of Nevada in the United States. The Company’s South America segment consists primarily of Yanacocha in Peru. The Company’s Asia Pacific segment consists primarily of Boddington Tanami and Kalgoorlie in Australia and Batu Hijau in Indonesia. The Company’s Africa segment consists primarily of Ahafo and Akyem in Ghana. The Company’s product at its gold operations is dore bars. Dore is an alloy consisting primarily of gold as well as silver and other metals.