Newmont Co. (NYSE:NEM) EVP Sells $131,130.00 in Stock

Newmont Co. (NYSE:NEM) EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $131,130.00. Following the completion of the sale, the executive vice president now owns 86,526 shares of the company’s stock, valued at approximately $3,782,051.46. This trade represents a 3.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, February 3rd, Peter Toth sold 3,000 shares of Newmont stock. The shares were sold at an average price of $42.89, for a total value of $128,670.00.
• On Friday, January 10th, Peter Toth sold 3,000 shares of Newmont stock. The shares were sold at an average price of $40.00, for a total value of $120,000.00.

Newmont Stock Performance

Shares of NEM traded up $1.38 during trading hours on Wednesday, hitting $43.89. The stock had a trading volume of 10,052,465 shares, compared to its average volume of 9,748,126. The firm has a 50-day moving average price of $42.18 and a 200 day moving average price of $46.15. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. Newmont Co. has a fifty-two week low of $33.22 and a fifty-two week high of $58.72. The firm has a market capitalization of $49.46 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 0.41 and a beta of 0.52.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.29. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.32 billion. Newmont had a return on equity of 13.52% and a net margin of 17.92%. As a group, research analysts anticipate that Newmont Co. will post 3.45 EPS for the current year.

Newmont Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 4th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Tuesday, March 4th. Newmont’s payout ratio is 34.13%.

Wall Street Analysts Forecast Growth

NEM has been the topic of a number of research analyst reports. Raymond James dropped their price target on Newmont from $62.00 to $59.00 and set an “outperform” rating on the stock in a research note on Monday, November 25th. CLSA initiated coverage on shares of Newmont in a research report on Friday, November 29th. They set an “underperform” rating on the stock. Bernstein Bank raised their price target on shares of Newmont from $55.00 to $58.00 in a report on Monday, November 11th. Royal Bank of Canada lifted their price objective on shares of Newmont from $47.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 11th. Finally, StockNews.com raised Newmont from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $53.16.

Institutional Investors Weigh In On Newmont

Hedge funds have recently modified their holdings of the business. Avior Wealth Management LLC grew its holdings in Newmont by 191.8% in the 3rd quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company’s stock valued at $27,000 after buying an additional 326 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Newmont in the third quarter valued at $28,000. HHM Wealth Advisors LLC raised its holdings in shares of Newmont by 66.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company’s stock valued at $33,000 after buying an additional 350 shares during the period. Redwood Park Advisors LLC acquired a new position in Newmont during the 4th quarter worth about $37,000. Finally, Promus Capital LLC purchased a new position in Newmont during the 4th quarter valued at about $38,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

About Newmont

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.