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Hussman Strategic Advisors INC Increases Holding in Newmont Mining Corp (NEM)

13 October 2017

Newmont Mining Corporation most recently reported earnings per share (EPS) of $0.46 for the June 2017 versus $0.44 in the same quarter previous year, representing 5% growth. The institutional investor owned 44,809 shares of the basic materials company's stock after purchasing an additional 21,594 shares during the quarter. On Monday, June 19 Aliabadi Paymon sold $493,988 worth of Exelon Corporation (NYSE:EXC) or 13,333 shares. Thrivent Financial For Lutherans' holdings in Newmont Mining Corporation were worth $736,000 at the end of the most recent reporting period. Flossbach Von Storch AG now owns 7,873,186 shares of the basic materials company's stock worth $255,012,000 after purchasing an additional 1,780,593 shares in the last quarter. Global Thematic Partners LLC grew its holdings in shares of Newmont Mining Corporation by 28.4% during the 2nd quarter. Vanguard Group Inc. now owns 52,924,916 shares of the basic materials company's stock worth $1,744,405,000 after purchasing an additional 1,671,897 shares in the last quarter.

The average 1-year price target for The Southern Company (SO) - averaging the work of different analysts - reveals a mean PT of $51.25/share.

12/05/2016 - Newmont Mining Corporation was downgraded to "neutral" by analysts at Citigroup. Savant Cap Ltd Llc holds 18,820 shares.

11/03/2016 - Newmont Mining Corporation was upgraded to "overweight" by analysts at JP Morgan. Trexquant Investment Limited Partnership owns 26,900 shares. Hedge funds and other institutional investors own 82.02% of the company's stock.

Newmont Mining Corporation (NYSE:NEM)[Trend Analysis] persists its position active in context of investors' investment valuation, price per shares knocked up 0.47% to $38.08 with volume of 3.37 Million. During the last 52 weeks, the price has been as high as $39.62 and as low as $30.19. The 100-day MA verse price direction is now showing Strengthening. The market capitalization of the company is at $20.48 Billion.

Is Newmont Mining Corporation (NYSE:NEM) Cheap From Peers? The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.22 by $0.03. Newmont Mining Corp had a positive return on equity of 4.94% and a negative net margin of 6.99%. The business had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.77 billion. The company's revenue for the quarter was up 13.5% compared to the same quarter past year. New York-based Lazard Asset Mgmt Limited Liability Company has invested 0% in Newmont Mining Corp (NYSE:NEM). The firm has dividend yield of 2.98% that is also considered as effective indicator. Stockholders of record on Thursday, June 8th will be issued a $0.05 dividend. In general, an ADX value from 0-25 would signal an absent or weak trend.

Investors sentiment increased to 0.93 in 2017 Q2. Newmont Mining Corporation's dividend payout ratio (DPR) is now -33.33%. Presently, Newmont Mining Corp (NEM)'s Williams Percent Range or 14 day Williams %R is resting at -25.84. Alternately, if the indicator goes under -80, this may show the stock as being oversold. Following the completion of the transaction, the executive vice president now directly owns 289,870 shares in the company, valued at approximately $9,919,351.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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Since May 1, 2017, it had 0 insider buys, and 4 selling transactions for $336,960 activity.

Checking in on moving averages, the 200-day is at 35.10, the 50-day is 37.51, and the 7-day is sitting at 38.08. The disclosure for this sale can be found here. The stock of Exelon Corporation (NYSE:EXC) has "Neutral" rating given on Thursday, October 13 by UBS. Company insiders own 0.32% of the company's stock. Ing Groep Nv reported 58,529 shares.

10/31/2016 - Newmont Mining Corporation was upgraded to "buy" by analysts at Mackie. Newmont Mining Corporation had 77 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has "Buy" rating by Jefferies on Monday, October 10. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company was initiated on Tuesday, August 9 by Morgan Stanley.

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Newmont Mining Corporation is a mining company, which is focused on the production of and exploration for gold and copper. The Firm is primarily a gold producer with activities and/or assets in the United States, Australia, Peru, Ghana and Suriname. The Company's segments include North America, South America, Asia Pacific and Africa.

Looking on other side, Forward Price to Earnings ratio of NEM persists on 29.36.