First National Bank of Omaha acquired a new stake in Newmont Corporation (NYSE:NEM – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 62,747 shares of the basic materials company’s stock, valued at approximately $5,917,000.
A number of other large investors have also recently added to or reduced their stakes in NEM. BlackRock Inc. bought a new position in shares of Newmont in the second quarter valued at approximately $11,289,753,000. Norges Bank acquired a new position in Newmont in the 4th quarter valued at $1,443,128,000. Bank of New York Mellon Corp acquired a new position in Newmont in the 2nd quarter valued at $1,219,505,000. Deutsche Bank AG bought a new position in Newmont in the 2nd quarter worth $911,180,000. Finally, Van ECK Associates Corp raised its holdings in Newmont by 23.4% in the 4th quarter. Van ECK Associates Corp now owns 29,780,063 shares of the basic materials company’s stock worth $2,973,539,000 after acquiring an additional 5,643,496 shares during the period. Institutional investors own 68.85% of the company’s stock.
Newmont Stock Down 3.6%
NEM opened at $115.99 on Wednesday. The company has a market capitalization of $122.22 billion, a P/E ratio of 14.65, a P/E/G ratio of 1.31 and a beta of 0.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26. The firm’s fifty day moving average price is $99.71 and its two-hundred day moving average price is $108.70. Newmont Corporation has a fifty-two week low of $67.20 and a fifty-two week high of $134.88.
Newmont Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, September 3rd. Newmont’s payout ratio is presently 13.13%.
Wall Street Analysts Forecast Growth
NEM has been the subject of a number of recent analyst reports. Argus set a $110.00 price target on shares of Newmont in a report on Monday, August 3rd. Bank of America lowered their target price on Newmont from $157.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Raymond James Financial cut their price target on Newmont from $139.00 to $137.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. Royal Bank Of Canada lowered their price objective on shares of Newmont from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Finally, Macquarie Infrastructure dropped their target price on shares of Newmont from $133.00 to $123.00 and set an “outperform” rating on the stock in a research report on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.59.
View Our Latest Stock Report on Newmont
Insider Activity
In other news, CEO Natascha Viljoen sold 7,764 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $104.00, for a total value of $807,456.00. Following the completion of the transaction, the chief executive officer directly owned 135,235 shares of the company’s stock, valued at approximately $14,064,440. This represents a 5.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $93.45, for a total value of $280,350.00. Following the completion of the sale, the executive vice president directly owned 40,315 shares in the company, valued at approximately $3,767,436.75. This represents a 6.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 32,091 shares of company stock worth $3,292,513. Company insiders own 0.06% of the company’s stock.
Newmont Company 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.
Recommended Stories
- Five stocks we like better than Newmont
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Want to see what other hedge funds are holding NEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newmont Corporation (NYSE:NEM – Free Report).
Receive News & Ratings for Newmont Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont and related companies with MarketBeat.com's FREE daily email newsletter.
