Louisiana State Employees Retirement System acquired a new position in shares of Newmont Corporation (NYSE:NEM – Free Report) during the 1st quarter, Holdings Channel.com reports. The fund acquired 55,600 shares of the basic materials company’s stock, valued at approximately $6,019,000.
Other institutional investors and hedge funds have also modified their holdings of the company. GoalVest Advisory LLC bought a new position in Newmont in the fourth quarter worth $25,000. Swiss RE Ltd. bought a new stake in Newmont in the 4th quarter valued at $26,000. Cornerstone Planning Group LLC raised its stake in shares of Newmont by 312.1% in the 4th quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock valued at $27,000 after buying an additional 206 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Newmont during the 3rd quarter worth about $27,000. Finally, Lodestone Wealth Management LLC bought a new position in shares of Newmont during the 4th quarter worth about $28,000. 68.85% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Newmont news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $105.32, for a total value of $315,960.00. Following the transaction, the executive vice president owned 46,315 shares of the company’s stock, valued at approximately $4,877,895.80. The trade was a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David John Thornton sold 2,296 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $110.11, for a total value of $252,812.56. Following the sale, the insider owned 23,163 shares in the company, valued at $2,550,477.93. The trade was a 9.02% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 28,556 shares of company stock worth $3,120,276. 0.06% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Newmont
Newmont Price Performance
NYSE:NEM opened at $96.09 on Friday. The company has a quick ratio of 2.17, a current ratio of 2.44 and a debt-to-equity ratio of 0.15. The firm has a market cap of $102.58 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.58 and a beta of 0.42. Newmont Corporation has a 12 month low of $55.37 and a 12 month high of $134.88. The company’s 50-day moving average price is $107.94 and its two-hundred day moving average price is $110.78.
Newmont (NYSE:NEM – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.83. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same quarter last year, the business posted $1.25 earnings per share. The company’s revenue was up 45.8% on a year-over-year basis. On average, equities analysts anticipate that Newmont Corporation will post 9.91 EPS for the current fiscal year.
Newmont Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Wednesday, May 27th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, May 27th. Newmont’s dividend payout ratio (DPR) is currently 13.49%.
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.
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