Newmont Corporation $NEM Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Newmont Corporation (NYSE:NEM) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,017,800 shares of the basic materials company’s stock after buying an additional 40,892 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Newmont were worth $101,627,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GoalVest Advisory LLC purchased a new stake in shares of Newmont during the 4th quarter worth about $25,000. Physician Wealth Advisors Inc. increased its stake in shares of Newmont by 327.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 236 shares in the last quarter. JPL Wealth Management LLC acquired a new position in Newmont in the 3rd quarter worth about $27,000. Lodestone Wealth Management LLC purchased a new position in Newmont during the fourth quarter worth approximately $28,000. Finally, Rosenberg Matthew Hamilton boosted its position in Newmont by 308.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 306 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 231 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Insider Transactions at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $113.09, for a total transaction of $339,270.00. Following the transaction, the executive vice president directly owned 52,315 shares in the company, valued at approximately $5,916,303.35. The trade was a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David James Fry sold 18,394 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the completion of the sale, the insider owned 17,147 shares of the company’s stock, valued at approximately $1,911,033.15. The trade was a 51.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 24,394 shares of company stock valued at $2,713,281 over the last quarter. Company insiders own 0.06% of the company’s stock.

Newmont Stock Performance

NYSE NEM opened at $116.50 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02. The stock’s 50 day simple moving average is $115.51 and its 200-day simple moving average is $103.99. The company has a market cap of $125.81 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 0.90 and a beta of 0.46. Newmont Corporation has a 1-year low of $48.27 and a 1-year high of $134.88.

Newmont (NYSE:NEM) last issued its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, topping the consensus estimate of $1.81 by $0.71. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The firm had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the business earned $1.40 earnings per share. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. As a group, equities research analysts anticipate that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 3rd were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, March 3rd. This is a positive change from Newmont’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. Newmont’s payout ratio is currently 16.28%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank Of Canada boosted their price objective on Newmont from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Canaccord Genuity Group increased their target price on Newmont from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday. Macquarie Infrastructure lifted their price target on shares of Newmont from $126.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, March 27th. National Bank Financial set a $130.00 price target on shares of Newmont and gave the stock a “sector perform” rating in a report on Thursday. Finally, TD Securities reduced their price objective on shares of Newmont from $120.00 to $118.00 and set a “hold” rating for the company in a research report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.91.

Newmont Profile

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.