Newmont Co. (NYSE:NEM) EVP Sells $162,270.00 in Stock

Newmont Co. (NYSE:NEM) EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $54.09, for a total transaction of $162,270.00. Following the sale, the executive vice president now directly owns 77,526 shares in the company, valued at approximately $4,193,381.34. This represents a 3.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Newmont Stock Down 3.9%

Shares of NYSE NEM opened at $52.36 on Friday. Newmont Co. has a 12-month low of $36.86 and a 12-month high of $58.72. The company has a market capitalization of $58.28 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 0.41 and a beta of 0.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. The firm’s 50-day moving average is $52.16 and its two-hundred day moving average is $45.97.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.54. The business had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.82 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Equities analysts anticipate that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, May 27th. Newmont’s payout ratio is 22.42%.

Hedge Funds Weigh In On Newmont

Institutional investors and hedge funds have recently modified their holdings of the company. SOA Wealth Advisors LLC. lifted its stake in shares of Newmont by 64.0% during the first quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company’s stock valued at $25,000 after buying an additional 201 shares during the period. Cloud Capital Management LLC purchased a new position in shares of Newmont during the first quarter valued at approximately $26,000. Colonial Trust Advisors lifted its stake in shares of Newmont by 315.4% during the first quarter. Colonial Trust Advisors now owns 565 shares of the basic materials company’s stock valued at $27,000 after buying an additional 429 shares during the period. Private Trust Co. NA lifted its stake in shares of Newmont by 122.6% during the first quarter. Private Trust Co. NA now owns 630 shares of the basic materials company’s stock valued at $30,000 after buying an additional 347 shares during the period. Finally, Nexus Investment Management ULC acquired a new position in Newmont during the first quarter worth approximately $31,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on NEM shares. Wall Street Zen raised shares of Newmont from a “hold” rating to a “buy” rating in a report on Friday, May 30th. Royal Bank of Canada boosted their price objective on shares of Newmont from $52.00 to $66.00 and gave the stock a “sector perform” rating in a report on Wednesday. Cfra Research raised shares of Newmont to a “strong-buy” rating in a report on Friday, April 25th. Scotiabank reissued a “sector perform” rating on shares of Newmont in a report on Monday, April 14th. Finally, UBS Group raised shares of Newmont from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $50.00 to $60.00 in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.68.

Newmont Company Profile

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, Papua New Guinea, Ecuador, Fiji, and Ghana.