Newmont Mining Corp (NEM) : P.r. Herzig scooped up 17,000 additional shares in Newmont Mining Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 52,000 shares of Newmont Mining Corp which is valued at $1,623,960.Newmont Mining Corp makes up approximately 3.47% of P.r. Herzig’s portfolio.
Newmont Mining Corp closed down -0.96 points or -2.98% at $31.23 with 77,38,260 shares getting traded on Friday. Post opening the session at $31.85, the shares hit an intraday low of $30.67 and an intraday high of $32.3499 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Gateway Investment Advisers reduced its stake in NEM by selling 17,136 shares or 18.3% in the most recent quarter. The Hedge Fund company now holds 76,499 shares of NEM which is valued at $2,389,064. Newmont Mining Corp makes up approx 0.02% of Gateway Investment Advisers’s portfolio. Gierl Augustine Investment Management Inc added NEM to its portfolio by purchasing 600 company shares during the most recent quarter which is valued at $17,622. Newmont Mining Corp makes up approx 0.02% of Gierl Augustine Investment Management Inc’s portfolio.
On the company’s financial health, Newmont Mining Corp reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.19. The company had revenue of $2032.00 million for the quarter, compared to analysts expectations of $1869.98 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
Many Wall Street Analysts have commented on Newmont Mining Corp. Newmont Mining Corp was Downgraded by Standpoint Research to ” Hold” on Mar 18, 2016. Newmont Mining Corp was Downgraded by BofA/Merrill to ” Neutral” on Mar 11, 2016. Company shares were Reiterated by RBC Capital Mkts on Mar 7, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 25 from a previous price target of $20 .
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.