Dorsey Wright Associates buys $4,914,722 stake in Newmont Mining Corp (NEM)

Newmont Mining Corp (NEM) : Dorsey Wright Associates scooped up 7,326 additional shares in Newmont Mining Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 144,296 shares of Newmont Mining Corp which is valued at $4,914,722.Newmont Mining Corp makes up approximately 2.47% of Dorsey Wright Associates’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in NEM in the latest quarter, The investment management firm added 86,308 additional shares and now holds a total of 264,229 shares of Newmont Mining Corp which is valued at $8,999,640. Newmont Mining Corp makes up approx 0.19% of Oregon Public Employees Retirement Fund’s portfolio.Advisory Services Network boosted its stake in NEM in the latest quarter, The investment management firm added 10,837 additional shares and now holds a total of 11,313 shares of Newmont Mining Corp which is valued at $384,303. Newmont Mining Corp makes up approx 0.07% of Advisory Services Network’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in NEM in the latest quarter, The investment management firm added 70,678 additional shares and now holds a total of 530,771 shares of Newmont Mining Corp which is valued at $18,359,369. Newmont Mining Corp makes up approx 0.08% of Bnp Paribas Arbitrage Sa’s portfolio.Chevy Chase Trust Holdings reduced its stake in NEM by selling 13,616 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 586,315 shares of NEM which is valued at $20,280,636. Newmont Mining Corp makes up approx 0.11% of Chevy Chase Trust Holdings’s portfolio. Lvm Capital Management Ltdmi added NEM to its portfolio by purchasing 61,040 company shares during the most recent quarter which is valued at $2,111,374. Newmont Mining Corp makes up approx 0.67% of Lvm Capital Management Ltdmi’s portfolio.

Newmont Mining Corp closed down -0.21 points or -0.62% at $33.85 with 78,94,738 shares getting traded on Tuesday. Post opening the session at $33.92, the shares hit an intraday low of $33.29 and an intraday high of $34.44 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Many Wall Street Analysts have commented on Newmont Mining Corp. Newmont Mining Corp was Initiated by Morgan Stanley to “Equal-Weight” on Aug 9, 2016. Company shares were Reiterated by Barclays on Aug 8, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 45 from a previous price target of $38 .Citigroup Initiated Newmont Mining Corp on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $51.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Newmont Mining Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Newmont Mining Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.