Oxford Asset Management adds Newmont Mining Corp (NEM) to its portfolio

Newmont Mining Corp (NEM) : Oxford Asset Management added new position in Newmont Mining Corp during the most recent quarter end. The investment management firm now holds 672,086 shares of Newmont Mining Corp which is valued at $22,897,970 , the company said in a statement filed on May 9, 2016 with the SEC.Newmont Mining Corp makes up approximately 0.84% of Oxford Asset Management’s portfolio.

Other Hedge Funds, Including , Cibc Asset Management Inc boosted its stake in NEM in the latest quarter, The investment management firm added 15,179 additional shares and now holds a total of 257,815 shares of Newmont Mining Corp which is valued at $8,783,757. Newmont Mining Corp makes up approx 0.07% of Cibc Asset Management Inc’s portfolio. Hwg Holdings Lp added NEM to its portfolio by purchasing 119,076 company shares during the most recent quarter which is valued at $4,064,064. Newmont Mining Corp makes up approx 3.70% of Hwg Holdings Lp’s portfolio.Stephens Inc Ar reduced its stake in NEM by selling 4,860 shares or 16.07% in the most recent quarter. The Hedge Fund company now holds 25,388 shares of NEM which is valued at $866,492. Newmont Mining Corp makes up approx 0.04% of Stephens Inc Ar’s portfolio. Lba Wealth Management sold out all of its stake in NEM during the most recent quarter. The investment firm sold 250 shares of NEM which is valued $8,533. Cedar Wealth Management added NEM to its portfolio by purchasing 9,027 company shares during the most recent quarter which is valued at $315,674. Newmont Mining Corp makes up approx 0.22% of Cedar Wealth Management’s portfolio.

Newmont Mining Corp opened for trading at $33.41 and hit $34.235 on the upside on Friday, eventually ending the session at $34.07, with a gain of 2.59% or 0.86 points. The heightened volatility saw the trading volume jump to 83,77,590 shares. Company has a market cap of $18,075 M.

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 Upgraded by Goldman to ” Buy” on May 11, 2016. 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 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.

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