Janus Henderson Group PLC decreased its position in Newmont Corporation (NYSE:NEM – Free Report) by 17.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,856 shares of the basic materials company’s stock after selling 43,583 shares during the quarter. Janus Henderson Group PLC’s holdings in Newmont were worth $21,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Oddo BHF Asset Management Sas raised its stake in shares of Newmont by 22.3% during the first quarter. Oddo BHF Asset Management Sas now owns 157,384 shares of the basic materials company’s stock worth $17,037,000 after acquiring an additional 28,668 shares in the last quarter. Bull Harbor Capital LLC purchased a new stake in shares of Newmont in the 1st quarter valued at $1,564,000. Strategic Investment Advisors MI grew its holdings in shares of Newmont by 19.1% during the 1st quarter. Strategic Investment Advisors MI now owns 49,020 shares of the basic materials company’s stock valued at $5,308,000 after purchasing an additional 7,852 shares during the last quarter. IFS Group LLC purchased a new position in Newmont in the 1st quarter worth $746,000. Finally, Arete Wealth Advisors LLC raised its position in Newmont by 88.7% in the 1st quarter. Arete Wealth Advisors LLC now owns 44,567 shares of the basic materials company’s stock worth $4,807,000 after purchasing an additional 20,955 shares during the period. 68.85% of the stock is currently owned by institutional investors.
Newmont Price Performance
Shares of NEM stock opened at $95.47 on Tuesday. The firm has a market cap of $100.60 billion, a P/E ratio of 12.05, a P/E/G ratio of 1.05 and a beta of 0.47. Newmont Corporation has a fifty-two week low of $63.13 and a fifty-two week high of $134.88. The business’s 50 day moving average price is $98.24 and its 200-day moving average price is $109.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.26 and a current ratio of 2.55.
Newmont Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Thursday, September 3rd will be given 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 is Thursday, September 3rd. Newmont’s dividend payout ratio (DPR) is 13.13%.
Insider Transactions at Newmont
In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $92.38, for a total transaction of $277,140.00. Following the completion of the transaction, the executive vice president directly owned 43,315 shares in the company, valued at approximately $4,001,439.70. This trade represents a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $105.32, for a total value of $408,852.24. Following the completion of the sale, the chief executive officer directly owned 142,999 shares in the company, valued at approximately $15,060,654.68. This represents a 2.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 9,882 shares of company stock valued at $1,001,952. 0.06% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on NEM shares. BMO Capital Markets cut their price target on shares of Newmont from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, June 23rd. TD Cowen reissued a “buy” rating on shares of Newmont in a research note on Monday, April 27th. Royal Bank Of Canada dropped their target price on Newmont from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. TD Securities upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Citigroup decreased their price target on Newmont from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Newmont has an average rating of “Moderate Buy” and a consensus price target of $132.11.
View Our Latest Analysis on NEM
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.
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