Newmont Co. (NYSE:NEM) COO Natascha Viljoen Sells 9,000 Shares

Newmont Co. (NYSE:NEM) COO Natascha Viljoen sold 9,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $360,000.00. Following the sale, the chief operating officer now owns 145,967 shares of the company’s stock, valued at approximately $5,838,680. This represents a 5.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Newmont Trading Up 2.6 %

Newmont stock traded up $1.02 during midday trading on Tuesday, hitting $40.19. 11,363,374 shares of the stock were exchanged, compared to its average volume of 8,537,674. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. Newmont Co. has a 52 week low of $29.42 and a 52 week high of $58.72. The company has a fifty day simple moving average of $40.61 and a two-hundred day simple moving average of $46.91. The stock has a market capitalization of $45.75 billion, a PE ratio of -26.44, a P/E/G ratio of 0.35 and a beta of 0.50.

Newmont (NYSE:NEM) last issued its earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). The firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.67 billion. Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. Newmont’s quarterly revenue was up 84.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Equities research analysts anticipate that Newmont Co. will post 3.08 EPS for the current fiscal year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, November 27th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.00 annualized dividend and a yield of 2.49%. Newmont’s dividend payout ratio is presently -65.79%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Scotiabank cut Newmont from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $59.00 to $55.00 in a research report on Friday, October 25th. The Goldman Sachs Group assumed coverage on Newmont in a report on Monday. They set a “buy” rating and a $47.20 target price on the stock. Raymond James reduced their price target on shares of Newmont from $62.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, November 25th. Veritas upgraded Newmont to a “strong-buy” rating in a research note on Monday, September 30th. Finally, UBS Group cut Newmont from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $67.00 to $54.00 in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $53.80.

Institutional Trading of Newmont

Hedge funds have recently modified their holdings of the stock. Waverton Investment Management Ltd raised its stake in shares of Newmont by 14.0% during the third quarter. Waverton Investment Management Ltd now owns 531,041 shares of the basic materials company’s stock worth $28,379,000 after acquiring an additional 65,075 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Newmont by 117.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 34,686 shares of the basic materials company’s stock valued at $1,854,000 after buying an additional 18,722 shares during the period. Nordea Investment Management AB boosted its position in Newmont by 173.0% during the fourth quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company’s stock valued at $92,832,000 after purchasing an additional 1,578,545 shares in the last quarter. Red Cedar Investment Management LLC purchased a new stake in Newmont in the third quarter valued at about $1,263,000. Finally, Two Sigma Advisers LP raised its stake in shares of Newmont by 99.8% in the third quarter. Two Sigma Advisers LP now owns 601,276 shares of the basic materials company’s stock worth $32,138,000 after purchasing an additional 300,400 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

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.