Newmont (NYSE:NEM) CEO Natascha Viljoen Sells 3,882 Shares of Company Stock

Newmont Corporation (NYSE:NEM) CEO Natascha Viljoen sold 3,882 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $108.04, for a total value of $419,411.28. Following the completion of the sale, the chief executive officer owned 101,691 shares of the company’s stock, valued at approximately $10,986,695.64. This trade represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Natascha Viljoen also recently made the following trade(s):

• On Thursday, October 1st, Natascha Viljoen sold 3,882 shares of Newmont stock. The stock was sold at an average price of $114.81, for a total value of $445,692.42.
• On Tuesday, September 1st, Natascha Viljoen sold 3,882 shares of Newmont stock. The stock was sold at an average price of $123.00, for a total value of $477,486.00.
• On Wednesday, August 5th, Natascha Viljoen sold 7,764 shares of Newmont stock. The shares were sold at an average price of $104.00, for a total transaction of $807,456.00.

Newmont Stock Performance

Shares of Newmont stock opened at $107.48 on Wednesday. The firm has a market capitalization of $111.70 billion, a P/E ratio of 12.50, a PEG ratio of 1.99 and a beta of 0.56. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average price of $119.68 and a 200 day moving average price of $112.42. Newmont Corporation has a 52 week low of $78.60 and a 52 week high of $135.29.

Newmont (NYSE:NEM) last released its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.26. The company had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Newmont had a net margin of 34.73% and a return on equity of 29.81%. Newmont’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the business earned $1.71 EPS. Sell-side analysts expect that Newmont Corporation will post 9.11 EPS for the current year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, November 25th. Newmont’s payout ratio is presently 12.09%.

Wall Street Analysts Forecast Growth

NEM has been the topic of a number of research analyst reports. TD Securities raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce set a $154.00 target price on Newmont in a research note on Friday, October 16th. BNP Paribas Exane lifted their price target on Newmont from $102.00 to $112.00 and gave the stock a “neutral” rating in a research report on Monday, August 17th. RBC Dominion Securities set a $155.00 price target on Newmont and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. Finally, TD boosted their price target on Newmont from $127.00 to $133.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $137.20.

Institutional Trading of Newmont

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cedar Mountain Advisors LLC purchased a new position in shares of Newmont during the first quarter worth $25,000. Clearstead Trust LLC purchased a new stake in Newmont in the second quarter valued at $25,000. Kilter Group LLC purchased a new stake in Newmont in the second quarter valued at $26,000. GoalVest Advisory LLC purchased a new stake in Newmont in the third quarter valued at $28,000. Finally, Financial Management Professionals Inc. acquired a new stake in Newmont during the 3rd quarter worth about $30,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Newmont Company Profile

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.