Newmont Corporation $NEM Stock Holdings Raised by Lesa Sroufe & Co

Lesa Sroufe & Co boosted its position in shares of Newmont Corporation (NYSE:NEM) by 1.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 80,638 shares of the basic materials company’s stock after buying an additional 1,400 shares during the period. Newmont comprises about 4.3% of Lesa Sroufe & Co’s investment portfolio, making the stock its 4th largest holding. Lesa Sroufe & Co’s holdings in Newmont were worth $4,698,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new position in Newmont during the 1st quarter worth $26,000. Colonial Trust Advisors increased its holdings in Newmont by 315.4% during the 1st quarter. Colonial Trust Advisors now owns 565 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 429 shares during the period. Concord Wealth Partners increased its holdings in Newmont by 534.7% during the 2nd quarter. Concord Wealth Partners now owns 457 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 385 shares during the period. Private Trust Co. NA increased its holdings in Newmont by 122.6% during the 1st quarter. Private Trust Co. NA now owns 630 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 347 shares during the period. Finally, Alpine Bank Wealth Management purchased a new position in Newmont during the 1st quarter worth $32,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of Newmont stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $84.99, for a total transaction of $176,779.20. Following the completion of the sale, the director owned 36,869 shares of the company’s stock, valued at approximately $3,133,496.31. The trade was a 5.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Brian Tabolt sold 7,015 shares of Newmont stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $68.02, for a total value of $477,160.30. Following the sale, the chief accounting officer directly owned 32,615 shares of the company’s stock, valued at approximately $2,218,472.30. This represents a 17.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,249 shares of company stock worth $1,132,065 in the last ninety days. 0.05% of the stock is owned by insiders.

Newmont Stock Up 3.3%

Shares of NEM stock opened at $93.49 on Thursday. Newmont Corporation has a 1-year low of $36.86 and a 1-year high of $93.93. The stock’s fifty day moving average price is $78.22 and its 200 day moving average price is $63.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.23 and a quick ratio of 1.91. The company has a market cap of $102.70 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 0.99 and a beta of 0.34.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, July 24th. The basic materials company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.48. Newmont had a return on equity of 17.86% and a net margin of 30.50%.The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $4.70 billion. During the same period in the previous year, the business earned $0.72 EPS. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, research analysts expect that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Thursday, September 4th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, September 4th. Newmont’s payout ratio is 17.95%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. UBS Group lifted their price target on Newmont from $70.00 to $92.00 and gave the company a “buy” rating in a report on Friday, September 19th. Stifel Nicolaus assumed coverage on Newmont in a report on Wednesday, July 9th. They issued a “buy” rating and a $73.00 price target on the stock. Royal Bank Of Canada upgraded Newmont from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $66.00 to $95.00 in a report on Wednesday, September 10th. National Bankshares reiterated an “outperform” rating on shares of Newmont in a report on Monday, September 22nd. Finally, CIBC set a $112.00 price target on Newmont and gave the company an “outperformer” rating in a report on Friday, October 10th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.66.

Newmont 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.