As Newmont Mining Corp (Put) (NEM) Stock Declined, Summit Securities Group LLC Lowered Position by $23.89 Million

June 20, 2017 - By Maria Brooks

Investors sentiment decreased to 0.85 in Q4 2016. Its down 0.01, from 0.86 in 2016Q3. It worsened, as 108 investors sold NEM shares while 164 reduced holdings. 60 funds opened positions while 171 raised stakes. 367.62 million shares or 0.42% more from 366.10 million shares in 2016Q3 were reported. Northwestern Mutual Wealth Commerce reported 1,000 shares stake. Andra Ap has 204,100 shares for 0.19% of their portfolio. Glenmede Communications Na has 0.02% invested in Newmont Mining Corp (NYSE:NEM). Oppenheimer invested in 180,353 shares. Dimensional Fund Advsr LP holds 6.30 million shares or 0.11% of its portfolio. Massmutual Co Fsb Adv stated it has 0% in Newmont Mining Corp (NYSE:NEM). Blackrock Inc holds 3.93M shares. Employees Retirement Association Of Colorado has invested 0.03% in Newmont Mining Corp (NYSE:NEM). The Massachusetts-based Massachusetts Financial Ma has invested 0.01% in Newmont Mining Corp (NYSE:NEM). 53,627 were accumulated by Dnb Asset Mgmt As. Washington Bancorp holds 0% of its portfolio in Newmont Mining Corp (NYSE:NEM) for 42 shares. Capstone Asset Management accumulated 58,508 shares or 0.06% of the stock. M&R Cap Mgmt reported 23,286 shares stake. Amp Cap Limited has 0.11% invested in Newmont Mining Corp (NYSE:NEM) for 538,396 shares. Old National Bancshares In reported 6,600 shares.

Since January 31, 2017, it had 0 insider purchases, and 10 insider sales for $1.07 million activity. On Tuesday, January 31 the insider Lawson Scott P sold $53,745. Engel E Randall sold $24,665 worth of Newmont Mining Corp (NYSE:NEM) on Wednesday, February 22. 2,006 shares valued at $70,210 were sold by MacGowan William N on Tuesday, June 6. $33,670 worth of Newmont Mining Corp (NYSE:NEM) shares were sold by Goldberg Gary J.

Summit Securities Group Llc decreased its stake in Newmont Mining Corp (Put) (NEM) by 98.66% based on its latest 2016Q4 regulatory filing with the SEC. Summit Securities Group Llc sold 7,005 shares as the company’s stock declined 9.13% while stock markets rallied. The institutional investor held 95 shares of the precious metals company at the end of 2016Q4, valued at $324,000, down from 7,100 at the end of the previous reported quarter. Summit Securities Group Llc who had been investing in Newmont Mining Corp (Put) for a number of months, seems to be less bullish one the $17.55B market cap company. It closed at $32.88 lastly. It is down 1.49% since June 20, 2016 and is downtrending. It has underperformed by 18.19% the S&P500.

Summit Securities Group Llc, which manages about $459.85 million US Long portfolio, upped its stake in Apple Inc (NASDAQ:AAPL) by 58,868 shares to 59,900 shares, valued at $6.94M in 2016Q4, according to the filing. It also increased its holding in Spdr Dow Jones Indl Avrg Etf (DIA) by 46,500 shares in the quarter, for a total of 51,100 shares, and has risen its stake in Spdr S And P 500 Etf Tr (Call) (SPY).

Analysts await Newmont Mining Corp (NYSE:NEM) to report earnings on July, 19. They expect $0.24 earnings per share, down 45.45 % or $0.20 from last year’s $0.44 per share. NEM’s profit will be $128.10M for 34.25 P/E if the $0.24 EPS becomes a reality. After $0.25 actual earnings per share reported by Newmont Mining Corp for the previous quarter, Wall Street now forecasts -4.00 % negative EPS growth.

More important recent Newmont Mining Corp (NYSE:NEM) news were published by: which released: “The Zacks Analyst Blog Highlights: Barrick Gold, Newmont Mining, McEwen Mining …” on June 07, 2017, also published article titled: “Newmont Mining Corporation (NEM) Ex-Dividend Date Scheduled for June 06, 2017”, published: “Goldstrike Resources and Newmont Mining Commence Comprehensive Exploration …” on June 12, 2017. More interesting news about Newmont Mining Corp (NYSE:NEM) was released by: and their article: “Raymond James Initiates Coverage of Newmont Mining” with publication date: June 16, 2017.

Newmont Mining Corp (NYSE:NEM) Ratings Coverage

Among 23 analysts covering Newmont Mining Corporation (NYSE:NEM), 12 have Buy rating, 0 Sell and 11 Hold. Therefore 52% are positive. Newmont Mining Corporation had 62 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, November 6. RBC Capital Markets upgraded the shares of NEM in report on Tuesday, April 26 to “Outperform” rating. The stock has “Buy” rating by Credit Suisse on Friday, April 28. The stock of Newmont Mining Corp (NYSE:NEM) earned “Mkt Perform” rating by FBR Capital on Tuesday, November 3. The stock of Newmont Mining Corp (NYSE:NEM) has “Neutral” rating given on Tuesday, December 1 by Citigroup. Mackie upgraded the shares of NEM in report on Thursday, October 29 to “Buy” rating. HSBC downgraded Newmont Mining Corp (NYSE:NEM) rating on Monday, October 26. HSBC has “Hold” rating and $20.20 target. As per Monday, April 18, the company rating was maintained by Barclays Capital. BMO Capital Markets maintained the stock with “Buy” rating in Monday, April 24 report. On Wednesday, May 11 the stock rating was upgraded by Goldman Sachs to “Buy”.

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