Newmont Mining Corp (NEM) : Central Bank Trust Co has sold out all of its stake in Newmont Mining Corp during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 150 shares of Newmont Mining Corp which is valued at $5,096.
Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in NEM by selling 1,849 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 135,479 shares of NEM which is valued at $4,602,222. Newmont Mining Corp makes up approx 0.10% of Exxonmobil Investment Management Inc Tx’s portfolio.Foundation Resource Management Inc reduced its stake in NEM by selling 3,791 shares or 0.36% in the most recent quarter. The Hedge Fund company now holds 1,049,424 shares of NEM which is valued at $36,299,576. Newmont Mining Corp makes up approx 6.54% of Foundation Resource Management Inc’s portfolio.Chevy Chase Trust Holdings reduced its stake in NEM by selling 13,616 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 586,315 shares of NEM which is valued at $20,280,636. Newmont Mining Corp makes up approx 0.11% of Chevy Chase Trust Holdings’s portfolio.Independent Portfolio Consultants reduced its stake in NEM by selling 55 shares or 4.35% in the most recent quarter. The Hedge Fund company now holds 1,210 shares of NEM which is valued at $41,854. Newmont Mining Corp makes up approx 0.01% of Independent Portfolio Consultants’s portfolio. Washington Trust Bank added NEM to its portfolio by purchasing 83 company shares during the most recent quarter which is valued at $2,871.
Newmont Mining Corp closed down -0.08 points or -0.23% at $33.97 with 83,02,998 shares getting traded on Friday. Post opening the session at $34.78, the shares hit an intraday low of $33.57 and an intraday high of $34.85 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Newmont Mining Corp was Initiated by Morgan Stanley to “Equal-Weight” on Aug 9, 2016. Company shares were Reiterated by Barclays on Aug 8, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 45 from a previous price target of $38 .Citigroup Initiated Newmont Mining Corp on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $51.
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.