Newmont Mining (NYSE:NEM) Rating Lowered to C at TheStreet

A Newmont gold mine

A Newmont gold mine

Among 24 analysts covering Newmont Mining Corporation (NYSE:NEM), 13 have Buy rating, 0 Sell and 11 Hold. New York State Common Retirement Fund owns 722,124 shares for 0.01% of their portfolio. It improved, as 73 investors sold Newmont Mining Corporation shares while 157 reduced holdings.

NEM has been the topic of several recent research reports. Vanguard Group Inc. boosted its position in shares of Newmont Mining by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 54,285,832 shares of the basic materials company's stock worth $1,758,317,000 after purchasing an additional 1,360,916 shares during the period. Carmignac Gestion increased its stake in Newmont Mining by 8.0% in the 3rd quarter. (NYSE:OAS). Spo Advisory Corp owns 10.25M shares for 1.62% of their portfolio. Parametrica Management Ltd purchased a new position in Newmont Mining Corporation in the 3rd quarter valued at approximately $222,000. Korea Corp reported 17,226 shares or 0% of all its holdings. Flossbach Von Storch AG now owns 8,072,121 shares of the basic materials company's stock valued at $302,785,000 after acquiring an additional 198,935 shares during the last quarter. Finally, Timber Hill LLC acquired a new stake in Newmont Mining in the 3rd quarter valued at approximately $260,000. Janus Henderson Group PLC now owns 5,273,545 shares of the basic materials company's stock worth $170,812,000 after purchasing an additional 5,200,763 shares during the period. Institutional investors own 81.99% of the company's stock.

A number of brokerages have commented on NEM. The stock of Newmont Mining Corporation (NYSE:NEM) has "Hold" rating given on Thursday, July 14 by Jefferies. As per Monday, August 21, the company rating was maintained by BMO Capital Markets. FBR & Co set a $40.00 price objective on Newmont Mining and gave the company a "hold" rating in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. On Tuesday, January 12 the stock rating was upgraded by Jefferies to "Buy". BidaskClub downgraded Newmont Mining Corporation from a "hold" rating to a "sell" rating in a report on Thursday, August 10th. The shares were sold at an average price of $36.44, for a total transaction of $207,708.00. Martingale Asset Mgmt LP owns 90,198 shares. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary J. Goldberg sold 1,000 shares of the company's stock in a transaction on Wednesday, November 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 executive officer now directly owns 334,730 shares in the company, valued at $12,197,561.20. The disclosure for this sale can be found here. Insiders have sold a total of 27,700 shares of company stock worth $1,038,458 in the last three months. Arrowmark Colorado Lc stated it has 0.09% of its portfolio in Newmont Mining Corporation (NYSE:NEM). The company has a quick ratio of 3.58, a current ratio of 4.18 and a debt-to-equity ratio of 0.33. The company has market cap of $2.29 billion. Indiana-based Old Natl Natl Bank In has invested 0.01% in Newmont Mining Corporation (NYSE:NEM). Prudential invested in 774,038 shares or 0.04% of the stock. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.86 billion. The company's quarterly revenue was up 4.9% compared to the same quarter past year. State Treasurer State Of Michigan holds 0.04% in Newmont Mining Corporation (NYSE:NEM) or 175,255 shares.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th.

Investors sentiment increased to 0.93 in Q2 2017. The ex-dividend date of this dividend is Thursday, December 7th. The indicated annual dividend is $0.30. Newmont Mining Corporation's dividend payout ratio (DPR) is 200.00%.

Newmont Mining Corporation is a mining company, which is focused on the production of and exploration for gold and copper. If you are accessing this story on another domain, it was stolen and reposted in violation of United States and global trademark & copyright laws. The correct version of this story can be viewed at https://www.thelincolnianonline.com/2017/12/06/engineers-gate-manager-lp-purchases-59798-shares-of-newmont-mining-corp-nem.html. Credit Suisse maintained Newmont Mining Corporation (NYSE:NEM) on Friday, April 28 with "Buy" rating. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Indonesia, Ghana and Suriname. The Company's segments include North America, South America, Asia Pacific and Africa.

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