Insider Selling: Newmont Co. (NYSE:NEM) EVP Sells $161,430.00 in Stock

Newmont Co. (NYSE:NEM) EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $53.81, for a total transaction of $161,430.00. Following the sale, the executive vice president now directly owns 91,596 shares of the company’s stock, valued at approximately $4,928,780.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Peter Toth also recently made the following trade(s):

• On Tuesday, September 3rd, Peter Toth sold 3,000 shares of Newmont stock. The stock was sold at an average price of $52.47, for a total value of $157,410.00.

Newmont Trading Up 0.3 %

NYSE:NEM opened at $53.34 on Friday. The firm has a market capitalization of $61.51 billion, a price-to-earnings ratio of -19.98, a PEG ratio of 0.47 and a beta of 0.50. Newmont Co. has a 1-year low of $29.42 and a 1-year high of $56.30. The business’s 50-day moving average price is $51.51 and its two-hundred day moving average price is $44.96. The company has a current ratio of 2.11, a quick ratio of 1.85 and a debt-to-equity ratio of 0.31.

Newmont (NYSE:NEM) last released its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.10. Newmont had a negative net margin of 13.16% and a positive return on equity of 8.35%. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same quarter last year, the firm earned $0.33 EPS. Newmont’s quarterly revenue was up 64.1% compared to the same quarter last year. On average, equities analysts expect that Newmont Co. will post 2.88 earnings per share for the current year.

Newmont Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 5th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Thursday, September 5th. Newmont’s dividend payout ratio is currently -37.45%.

Institutional Trading of Newmont

Several hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. acquired a new stake in shares of Newmont during the second quarter worth about $27,000. LRI Investments LLC bought a new stake in Newmont during the 1st quarter worth approximately $25,000. Heritage Wealth Advisors raised its holdings in Newmont by 1,310.4% during the 1st quarter. Heritage Wealth Advisors now owns 945 shares of the basic materials company’s stock worth $34,000 after buying an additional 878 shares during the period. Crewe Advisors LLC bought a new position in Newmont in the first quarter valued at approximately $35,000. Finally, Rise Advisors LLC boosted its holdings in shares of Newmont by 2,373.2% in the first quarter. Rise Advisors LLC now owns 1,014 shares of the basic materials company’s stock valued at $36,000 after buying an additional 973 shares during the period. Institutional investors and hedge funds own 68.85% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Jefferies Financial Group boosted their price objective on Newmont from $54.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group upped their price target on shares of Newmont from $50.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. CIBC upgraded shares of Newmont from a “neutral” rating to a “sector outperform” rating and raised their price objective for the company from $46.00 to $61.00 in a research report on Wednesday, July 10th. Scotiabank upgraded shares of Newmont from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $48.00 to $59.00 in a research report on Monday, August 19th. Finally, BMO Capital Markets increased their price target on shares of Newmont from $56.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.31.

Newmont Company 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.