DJE Kapital AG Sells 72,702 Shares of Newmont Corporation $NEM

DJE Kapital AG reduced its stake in Newmont Corporation (NYSE:NEM) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 994,434 shares of the basic materials company’s stock after selling 72,702 shares during the quarter. Newmont makes up approximately 1.4% of DJE Kapital AG’s investment portfolio, making the stock its 26th biggest position. DJE Kapital AG owned approximately 0.09% of Newmont worth $56,821,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of NEM. Nuveen LLC bought a new position in shares of Newmont in the first quarter worth about $306,507,000. Pacer Advisors Inc. increased its holdings in Newmont by 4,203.5% in the 1st quarter. Pacer Advisors Inc. now owns 5,376,551 shares of the basic materials company’s stock worth $259,580,000 after acquiring an additional 5,251,616 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Newmont by 1,502.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,692,606 shares of the basic materials company’s stock worth $273,391,000 after acquiring an additional 4,399,778 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Newmont by 1,074.8% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,411,264 shares of the basic materials company’s stock valued at $116,416,000 after purchasing an additional 2,206,017 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Newmont by 2,003.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,581,171 shares of the basic materials company’s stock worth $92,119,000 after purchasing an additional 1,506,010 shares during the period. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NEM has been the topic of several recent analyst reports. National Bankshares restated an “outperform” rating on shares of Newmont in a research report on Monday, September 22nd. Weiss Ratings raised Newmont from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, October 25th. Macquarie downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 2nd. Wall Street Zen cut Newmont from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Finally, National Bank Financial raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 25th. Five research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $86.92.

Insiders Place Their Bets

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of Newmont stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $80.96, for a total value of $168,396.80. Following the completion of the transaction, the director directly owned 34,789 shares of the company’s stock, valued at $2,816,517.44. This trade represents a 5.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Thomas Ronald Palmer sold 5,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $81.34, for a total transaction of $406,700.00. Following the completion of the sale, the chief executive officer owned 279,923 shares in the company, valued at approximately $22,768,936.82. This trade represents a 1.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 11,237 shares of company stock valued at $906,799. 0.05% of the stock is currently owned by insiders.

Newmont Stock Up 1.0%

NEM opened at $83.39 on Friday. The company has a market capitalization of $91.00 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.53 and a beta of 0.33. The firm has a 50-day simple moving average of $83.14 and a two-hundred day simple moving average of $67.55. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. Newmont Corporation has a 52 week low of $36.86 and a 52 week high of $98.58.

Newmont (NYSE:NEM) last posted its earnings results on Thursday, October 23rd. The basic materials company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.44. The company had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.14 billion. Newmont had a return on equity of 20.35% and a net margin of 33.42%.The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 earnings per share. Analysts forecast that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Wednesday, November 26th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, November 26th. Newmont’s dividend payout ratio is currently 15.53%.

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.