Newmont Mining Corporation (NYSE:NEM) went up to recover about 11.18% since recording its record low price of $29.06. The stock experienced -0.25% slump, arriving at $32.31 on 11/6/2018. During the day, the stock price traveled from $32.04 to $32.52. This company shares are 25.53% off its target price of $40.56 and the current market capitalization stands at $17.22B. The recent change has given its price a 4.03% lead over SMA 50 and -23.14% deficit over its 52-week high. The stock witnessed 5.87% gains, -10.65% declines and -19.14% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NEM’s volatility during a week at 2.45% and during a month it has been found around 3.55%.
Newmont Mining Corporation (NEM) Top Holders
Institutional investors currently hold around $14.66 billion or 86.9% in NEM stock. Look at its top three institutional owners. Blackrock Inc. owns $2.31 billion in Newmont Mining Corporation, which represents roughly 13.39% of the company’s market cap and approximately 15.73% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 56,692,499 shares of the stock are valued at $1.84 billion. The third largest holder is Van Eck Associates Corp, which currently holds $895.47 million worth of this stock and that ownership represents nearly 5.2% of its market capitalization.
Newmont Mining Corporation 13F Filings
At the end of June reporting period, 289 institutional holders increased their position in Newmont Mining Corporation (NYSE:NEM) by some 34,608,423 shares, 298 decreased positions by 21,624,519 and 101 held positions by 396,259,570. That puts total institutional holdings at 452,492,512 shares, according to SEC filings. The stock grabbed 63 new institutional investments totaling 4,534,852 shares while 66 institutional investors sold out their entire positions totaling 2,476,193 shares.
Newmont Mining Corporation (NYSE:NEM) Insider Trades
Multiple company employees have indulged in significant insider trading. Newmont Mining Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President and COO Palmer Thomas Ronald has sold 1,250 shares of Newmont Mining Corporation (NEM) in trading session dated Nov. 01, 2018. These shares are worth $39,388 and were traded at $31.51 each. The SEC filing shows that Dorward-King Elaine J performed a sale of 3,000 shares. The EVP, S&ER disposed these shares by way of transaction on Nov. 01, 2018. The company’s shares were given away at $31.51 per share worth to an income of some $94,530 on account of Dorward-King Elaine J.
EVP & CFO, Buese Nancy, sold 2,000 common shares of Newmont Mining Corporation (NEM) in the open market. In a transaction dated Nov. 01, 2018, the shares were put up for sale at an average price of $31.51, raking in a sum of $63,020. After this sale, 67,641 common shares of NEM are directly owned by the insider, with total stake valued at $2,185,481.
In the transaction dated Nov. 01, 2018, the great number of shares disposed came courtesy the EVP, Human Resources; Macgowan William N disposed a total of 5,000 shares at an average price of $31.44, amounting to approximately $157,200. The insider now directly owns 158,410 shares worth $5,118,227.
Newmont Mining Corporation (NEM) Analyst Guide
Several analysts have released their opinion on Newmont Mining Corporation (NYSE:NEM), with 3 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 9 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.3 average brokerage recommendation.