Lbp Am Sa Sells 20,770 Shares of Newmont Corporation $NEM

Lbp Am Sa reduced its position in shares of Newmont Corporation (NYSE:NEM) by 7.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 270,482 shares of the basic materials company’s stock after selling 20,770 shares during the quarter. Lbp Am Sa’s holdings in Newmont were worth $27,008,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NEM. Brighton Jones LLC grew its position in shares of Newmont by 15.7% during the 4th quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock worth $506,000 after buying an additional 1,847 shares during the period. Woodline Partners LP grew its position in shares of Newmont by 40.7% in the 1st quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock valued at $4,644,000 after purchasing an additional 27,813 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Newmont in the 2nd quarter valued at approximately $240,000. Cerity Partners LLC grew its position in shares of Newmont by 108.9% in the 2nd quarter. Cerity Partners LLC now owns 125,355 shares of the basic materials company’s stock valued at $7,303,000 after purchasing an additional 65,342 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in Newmont by 8.5% during the 2nd quarter. NewEdge Advisors LLC now owns 48,982 shares of the basic materials company’s stock worth $2,854,000 after purchasing an additional 3,856 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $113.09, for a total transaction of $339,270.00. Following the sale, the executive vice president directly owned 52,315 shares of the company’s stock, valued at approximately $5,916,303.35. This trade represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David James Fry sold 18,394 shares of Newmont stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $111.45, for a total value of $2,050,011.30. Following the sale, the insider directly owned 17,147 shares in the company, valued at $1,911,033.15. The trade was a 51.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 24,394 shares of company stock worth $2,713,281 over the last ninety days. 0.06% of the stock is currently owned by insiders.

Newmont Stock Down 5.1%

NEM stock opened at $113.22 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02. Newmont Corporation has a fifty-two week low of $48.27 and a fifty-two week high of $134.88. The stock has a market capitalization of $122.27 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 0.91 and a beta of 0.46. The business’s fifty day moving average price is $115.38 and its two-hundred day moving average price is $103.43.

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 analysts’ consensus estimates of $1.81 by $0.71. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter last year, the business earned $1.40 earnings per share. Newmont’s revenue was up 20.6% on a year-over-year basis. On average, equities analysts anticipate that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.9%. This is a boost from Newmont’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, March 3rd. Newmont’s payout ratio is 16.28%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Newmont in a report on Monday, December 29th. DZ Bank raised Newmont to a “strong-buy” rating in a research report on Monday, January 19th. Canadian Imperial Bank of Commerce cut their price objective on Newmont from $71.00 to $67.00 in a report on Friday, February 27th. Canaccord Genuity Group increased their price objective on Newmont from $115.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, Royal Bank Of Canada increased their price objective on Newmont from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Newmont has a consensus rating of “Moderate Buy” and a consensus price target of $133.91.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Analyst bullish case — A recent Seeking Alpha piece reiterates a “Strong Buy” thesis, citing disciplined capital allocation, a shareholder-friendly framework, large reserve base and strong free cash flow potential if gold prices hold, which supports longer-term upside for NEM. Newmont Is Simpler, Richer, And Still Mispriced
• Neutral Sentiment: Investor attention/stock analysis — Zacks and Yahoo Finance roundup articles note that NEM is attracting investor interest after solid quarterly results (EPS and revenue beat) and favorable margins; these pieces summarize fundamentals that support the stock’s valuation (PE ~17.7, strong ROE/net margin). Newmont Corporation (NEM) is Attracting Investor Attention
• Neutral Sentiment: Longer-term investment write-ups — AAII published an evaluation on whether NEM is a good investment, providing additional context for investors weighing balance-sheet strength (low debt-to-equity ~0.16) and dividend/capital allocation policy. Is Newmont Corporation (NEM) Stock a Good Investment?
• Negative Sentiment: Operational disruption at Cadia — Multiple outlets report Newmont has halted/suspended operations at the Cadia gold mine after an earthquake; the suspension creates near-term production uncertainty, potential repair costs and inspection delays that can pressure quarterly output and cash flow until the scope of damage is known. This operational news is the primary driver of today’s share weakness. Newmont halts Cadia gold mine after earthquake Newmont suspends operations at Cadia gold mine after earthquake
• Negative Sentiment: Recent price action/context — Coverage noted prior session weakness and today’s selloff despite solid quarterly beats (Q4 EPS surprised higher), indicating the market is re-pricing operational risk from Cadia over near-term fundamentals; watch company updates on damage assessment, production guidance and insurance/repair timelines. Newmont Corporation (NEM) Stock Drops Despite Market Gains

About Newmont

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.