Newmont Corporation $NEM Position Raised by Leonteq Securities AG

Leonteq Securities AG grew its position in shares of Newmont Corporation (NYSE:NEMFree Report) by 9.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 99,208 shares of the basic materials company’s stock after purchasing an additional 8,889 shares during the quarter. Leonteq Securities AG’s holdings in Newmont were worth $10,739,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. CWM LLC increased its stake in shares of Newmont by 64.6% in the fourth quarter. CWM LLC now owns 202,892 shares of the basic materials company’s stock valued at $20,259,000 after purchasing an additional 79,617 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Newmont by 24.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 280,920 shares of the basic materials company’s stock valued at $30,775,000 after buying an additional 54,530 shares during the last quarter. ARS Investment Partners LLC boosted its position in shares of Newmont by 3.6% during the fourth quarter. ARS Investment Partners LLC now owns 697,063 shares of the basic materials company’s stock worth $69,602,000 after buying an additional 23,900 shares during the period. Ritholtz Wealth Management boosted its position in shares of Newmont by 67.0% during the fourth quarter. Ritholtz Wealth Management now owns 40,754 shares of the basic materials company’s stock worth $4,069,000 after buying an additional 16,352 shares during the period. Finally, NatWest Group plc grew its holdings in Newmont by 12.6% in the 4th quarter. NatWest Group plc now owns 127,404 shares of the basic materials company’s stock worth $12,721,000 after buying an additional 14,267 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.

Newmont Price Performance

NYSE NEM opened at $96.95 on Friday. Newmont Corporation has a 12 month low of $55.37 and a 12 month high of $134.88. The firm has a market capitalization of $103.50 billion, a PE ratio of 12.57, a P/E/G ratio of 1.55 and a beta of 0.46. The company’s 50 day simple moving average is $106.42 and its 200 day simple moving average is $110.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 2.17.

Newmont (NYSE:NEMGet Free Report) last released its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.83. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $6.83 billion. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The firm’s revenue for the quarter was up 45.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 earnings per share. As a group, equities research analysts forecast that Newmont Corporation will post 9.87 EPS for the current fiscal year.

Newmont Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Wednesday, May 27th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, May 27th. Newmont’s payout ratio is currently 13.49%.

Key Newmont News

Here are the key news stories impacting Newmont this week:

Insider Transactions at Newmont

In other news, insider David John Thornton sold 2,296 shares of the company’s 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 completion of the sale, the insider owned 23,163 shares in the company, valued at $2,550,477.93. This represents a 9.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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. Also, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $105.32, for a total value of $315,960.00. Following the transaction, the executive vice president directly owned 46,315 shares of the company’s stock, valued at $4,877,895.80. This represents a 6.08% 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. Insiders sold a total of 25,556 shares of company stock worth $2,781,006 over the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on NEM. BNP Paribas Exane lowered their target price on Newmont from $128.00 to $111.00 and set a “neutral” rating on the stock in a research report on Thursday, June 18th. TD boosted their price target on Newmont from $116.00 to $129.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. Jefferies Financial Group increased their price target on Newmont from $154.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. The Goldman Sachs Group lowered their price target on Newmont from $122.50 to $111.40 and set a “buy” rating on the stock in a report on Wednesday. Finally, Scotiabank cut their price objective on shares of Newmont from $152.00 to $151.00 and set a “sector outperform” rating on the stock in a research note on Friday, March 20th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $139.35.

Get Our Latest Stock Analysis on NEM

About Newmont

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Newmont (NYSE:NEM)

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