Kessler Investment Group buys $3,872,815 stake in Newmont Mining Corp (NEM)

Newmont Mining Corp (NEM) : Kessler Investment Group scooped up 3,156 additional shares in Newmont Mining Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 98,570 shares of Newmont Mining Corp which is valued at $3,872,815.Newmont Mining Corp makes up approximately 5.33% of Kessler Investment Group’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management reduced its stake in NEM by selling 194,355 shares or 97.22% in the most recent quarter. The Hedge Fund company now holds 5,564 shares of NEM which is valued at $218,610.Trust Co Of Vermont boosted its stake in NEM in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 250 shares of Newmont Mining Corp which is valued at $9,823. Cribstone Capital Management added NEM to its portfolio by purchasing 145 company shares during the most recent quarter which is valued at $5,697.

Newmont Mining Corp closed down -2.1 points or -5.07% at $39.29 with 93,71,239 shares getting traded on Wednesday. Post opening the session at $40.68, the shares hit an intraday low of $39.05 and an intraday high of $40.69 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. 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.

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.