Newmont Mining Corp (NEM) : Lesa Sroufe Co scooped up 814 additional shares in Newmont Mining Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 136,333 shares of Newmont Mining Corp which is valued at $4,653,045.Newmont Mining Corp makes up approximately 4.39% of Lesa Sroufe Co’s portfolio.
Newmont Mining Corp opened for trading at $33.27 and hit $34.62 on the upside on Friday, eventually ending the session at $34.13, with a gain of 3.86% or 1.27 points. The heightened volatility saw the trading volume jump to 71,53,628 shares. Company has a market cap of $18,107 M.
Other Hedge Funds, Including , Ifp Advisors Inc reduced its stake in NEM by selling 14,189 shares or 22.99% in the most recent quarter. The Hedge Fund company now holds 47,525 shares of NEM which is valued at $1,622,028. Newmont Mining Corp makes up approx 0.10% of Ifp Advisors Inc’s portfolio.Commonwealth Equity Services Inc reduced its stake in NEM by selling 6,525 shares or 9.45% in the most recent quarter. The Hedge Fund company now holds 62,524 shares of NEM which is valued at $2,186,464. Newmont Mining Corp makes up approx 0.02% of Commonwealth Equity Services Inc’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in NEM in the latest quarter, The investment management firm added 5,530 additional shares and now holds a total of 153,248 shares of Newmont Mining Corp which is valued at $4,785,935. Newmont Mining Corp makes up approx 0.08% of Gulf International Bank (uk) Ltd’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. Company shares were Upgraded by RBC Capital Mkts on Apr 26, 2016 to ” Outperform”, Firm has raised the Price Target to $ 40 from a previous price target of $34 .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.
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.