4,925 Shares of Newmont Corporation $NEM Bought by Heathbridge Capital Management Ltd.

Heathbridge Capital Management Ltd. purchased a new stake in Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,925 shares of the basic materials company’s stock, valued at approximately $568,000. Newmont accounts for approximately 0.2% of Heathbridge Capital Management Ltd.’s holdings, making the stock its 24th largest position.

Other institutional investors have also recently made changes to their positions in the company. Cedar Mountain Advisors LLC acquired a new stake in Newmont during the first quarter worth $25,000. Clearstead Trust LLC acquired a new position in shares of Newmont in the 2nd quarter valued at $25,000. Kilter Group LLC acquired a new position in shares of Newmont in the 2nd quarter valued at $26,000. GoalVest Advisory LLC acquired a new stake in shares of Newmont during the 3rd quarter worth about $28,000. Finally, Financial Management Professionals Inc. purchased a new stake in Newmont in the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NEM. Weiss Ratings raised shares of Newmont from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Raymond James Financial reiterated an “outperform” rating and set a $140.00 price target (up from $131.00) on shares of Newmont in a research report on Monday, August 24th. Freedom Broker downgraded shares of Newmont from a “buy” rating to a “hold” rating and reduced their price target for the company from $130.00 to $116.00 in a research note on Thursday, October 22nd. BNP Paribas Exane upped their price objective on shares of Newmont from $102.00 to $112.00 and gave the stock a “neutral” rating in a report on Monday, August 17th. Finally, Canaccord Genuity Group decreased their price objective on shares of Newmont from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

Newmont Trading Down 1.5%

Shares of Newmont stock opened at $107.48 on Wednesday. The company has a fifty day simple moving average of $119.68 and a 200-day simple moving average of $112.42. Newmont Corporation has a 12-month low of $78.60 and a 12-month high of $135.29. The company has a current ratio of 2.45, a quick ratio of 2.16 and a debt-to-equity ratio of 0.15. The stock has a market cap of $111.70 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.99 and a beta of 0.56.

Newmont (NYSE:NEM) last announced its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26. The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Newmont had a net margin of 34.73% and a return on equity of 29.81%. Newmont’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.71 earnings per share. On average, equities analysts forecast that Newmont Corporation will post 9.11 EPS for the current fiscal year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Wednesday, November 25th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. Newmont’s dividend payout ratio is 12.09%.

Insider Activity at Newmont

In other Newmont news, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total value of $477,486.00. Following the completion of the sale, the chief executive officer owned 131,353 shares in the company, valued at approximately $16,156,419. The trade was a 2.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total value of $324,120.00. Following the completion of the sale, the executive vice president directly owned 31,315 shares of the company’s stock, valued at $3,383,272.60. The trade was a 8.74% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 20,646 shares of company stock worth $2,380,140. 0.06% of the stock is currently owned by corporate insiders.

Newmont Profile

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.