Newmont Co. (NYSE:NEM) Holdings Trimmed by Fiera Capital Corp

Fiera Capital Corp lowered its position in shares of Newmont Co. (NYSE:NEMGet Rating) by 51.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,340 shares of the basic materials company’s stock after selling 12,063 shares during the quarter. Fiera Capital Corp’s holdings in Newmont were worth $477,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NEM. Blair William & Co. IL boosted its stake in Newmont by 14.8% during the first quarter. Blair William & Co. IL now owns 42,511 shares of the basic materials company’s stock valued at $3,378,000 after buying an additional 5,484 shares in the last quarter. Sei Investments Co. boosted its stake in Newmont by 19.3% during the first quarter. Sei Investments Co. now owns 66,212 shares of the basic materials company’s stock valued at $5,219,000 after buying an additional 10,692 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Newmont by 46.9% in the 1st quarter. Cetera Investment Advisers now owns 27,905 shares of the basic materials company’s stock valued at $2,217,000 after purchasing an additional 8,915 shares during the period. Baird Financial Group Inc. boosted its position in shares of Newmont by 7.2% in the 1st quarter. Baird Financial Group Inc. now owns 595,641 shares of the basic materials company’s stock valued at $47,324,000 after purchasing an additional 39,765 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in shares of Newmont by 25.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 1,354 shares of the basic materials company’s stock valued at $108,000 after purchasing an additional 278 shares during the period. Institutional investors own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. StockNews.com assumed coverage on Newmont in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Eight Capital decreased their price target on Newmont to $58.00 in a research report on Thursday, October 27th. Credit Suisse Group increased their price target on Newmont to $54.00 in a research report on Monday, November 21st. National Bank Financial increased their price target on Newmont from C$76.00 to C$86.00 in a research report on Friday, January 13th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $56.00 price target (up previously from $50.00) on shares of Newmont in a research report on Thursday, January 19th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $63.63.

Newmont Stock Up 0.5 %

NEM opened at $53.63 on Tuesday. Newmont Co. has a fifty-two week low of $37.45 and a fifty-two week high of $86.37. The business has a 50-day moving average of $48.46 and a 200-day moving average of $46.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.72 and a quick ratio of 2.29. The company has a market capitalization of $42.57 billion, a PE ratio of 42.56 and a beta of 0.27.

Newmont (NYSE:NEMGet Rating) last issued its quarterly earnings data on Tuesday, November 1st. The basic materials company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.79 billion. Newmont had a net margin of 8.28% and a return on equity of 8.07%. Equities research analysts forecast that Newmont Co. will post 1.82 EPS for the current fiscal year.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 29th. Stockholders of record on Thursday, December 8th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend was Wednesday, December 7th. Newmont’s dividend payout ratio is 174.60%.

Insider Activity

In other news, CEO Thomas Ronald Palmer sold 11,000 shares of the stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $43.02, for a total transaction of $473,220.00. Following the transaction, the chief executive officer now owns 221,949 shares of the company’s stock, valued at approximately $9,548,245.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Thomas Ronald Palmer sold 11,000 shares of the stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $43.02, for a total transaction of $473,220.00. Following the transaction, the chief executive officer now owns 221,949 shares of the company’s stock, valued at approximately $9,548,245.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Robert D. Atkinson sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $48.23, for a total value of $144,690.00. Following the completion of the sale, the chief operating officer now directly owns 33,947 shares in the company, valued at approximately $1,637,263.81. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,890 shares of company stock valued at $2,160,662. Insiders own 0.11% of the company’s stock.

Newmont Profile

(Get Rating)

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of December 31, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers.

See Also

Institutional Ownership by Quarter for Newmont (NYSE:NEM)

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