Compagnie Lombard Odier SCmA Has $898,000 Holdings in Newmont Co. (NYSE:NEM)

Compagnie Lombard Odier SCmA cut its position in shares of Newmont Co. (NYSE:NEM) by 3.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,610 shares of the basic materials company’s stock after selling 600 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Newmont were worth $898,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEM. SOA Wealth Advisors LLC. raised its stake in shares of Newmont by 64.0% in the 1st 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 in the last quarter. Nexus Investment Management ULC bought a new stake in Newmont in the first quarter valued at about $31,000. Redwood Park Advisors LLC acquired a new position in Newmont in the fourth quarter worth about $37,000. Promus Capital LLC bought a new position in Newmont during the fourth quarter worth about $38,000. Finally, Kestra Investment Management LLC acquired a new stake in Newmont during the fourth quarter valued at approximately $43,000. 68.85% of the stock is owned by institutional investors.

Insider Activity at Newmont

In other news, EVP Peter Toth sold 3,000 shares of Newmont 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 transaction, the executive vice president now owns 77,526 shares in the company, valued at $4,193,381.34. The trade was a 3.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $54.09, for a total transaction of $112,344.93. Following the sale, the director now owns 45,180 shares in the company, valued at $2,443,786.20. This trade represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,154 shares of company stock worth $381,539 in the last quarter. Corporate insiders own 0.05% of the company’s stock.

Newmont Price Performance

Newmont stock opened at $55.94 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $62.26 billion, a P/E ratio of 19.09, a PEG ratio of 0.41 and a beta of 0.31. The business has a 50-day moving average of $52.74 and a 200-day moving average of $46.27. Newmont Co. has a 1 year low of $36.86 and a 1 year high of $58.72.

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

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Tuesday, May 27th. Newmont’s dividend payout ratio (DPR) is 22.42%.

Analysts Set New Price Targets

NEM has been the subject of several analyst reports. National Bankshares restated a “sector perform” rating on shares of Newmont in a research report on Wednesday, April 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Newmont in a research note on Thursday, April 24th. Raymond James reissued an “outperform” rating and set a $66.00 price objective on shares of Newmont in a report on Friday, April 25th. Wall Street Zen upgraded shares of Newmont from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. Finally, Royal Bank of Canada increased their target price on Newmont from $52.00 to $66.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.