Commerzbank Aktiengesellschaft FI Has $6.06 Million Stock Holdings in Newmont Corporation $NEM

Commerzbank Aktiengesellschaft FI increased its position in shares of Newmont Corporation (NYSE:NEMFree Report) by 72.5% during the 1st quarter, Holdings Channel reports. The fund owned 56,004 shares of the basic materials company’s stock after buying an additional 23,533 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Newmont were worth $6,062,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NEM. Cedar Mountain Advisors LLC acquired a new stake in Newmont in the first quarter worth $25,000. Pinnacle Bancorp Inc. bought a new stake in shares of Newmont in the 1st quarter valued at $25,000. Swiss RE Ltd. bought a new stake in shares of Newmont in the 4th quarter valued at $26,000. Cornerstone Planning Group LLC raised its stake in Newmont by 312.1% during the 4th quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock worth $27,000 after buying an additional 206 shares during the period. Finally, Lodestone Wealth Management LLC acquired a new stake in Newmont during the 4th quarter worth $28,000. Institutional investors own 68.85% of the company’s stock.

Newmont Trading Down 0.5%

NYSE:NEM opened at $89.24 on Tuesday. Newmont Corporation has a twelve month low of $58.97 and a twelve month high of $134.88. The company has a quick ratio of 2.17, a current ratio of 2.44 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $101.69 and a two-hundred day moving average price of $110.19. The company has a market cap of $95.26 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 1.03 and a beta of 0.46.

Newmont (NYSE:NEMGet Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.83. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The company had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same period last year, the business earned $1.25 EPS. The business’s quarterly revenue was up 45.8% on a year-over-year basis. As a group, analysts expect that Newmont Corporation will post 9.25 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Wednesday, May 27th were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.2%. Newmont’s dividend payout ratio (DPR) is 13.49%.

Key Newmont News

Here are the key news stories impacting Newmont this week:

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Zacks Research downgraded Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Macquarie Infrastructure decreased their price objective on Newmont from $133.00 to $123.00 and set an “outperform” rating for the company in a research report on Monday, June 15th. TD Cowen reiterated a “buy” rating on shares of Newmont in a research report on Monday, April 27th. The Goldman Sachs Group dropped their target price on shares of Newmont from $122.50 to $111.40 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Finally, Scotiabank lowered their price objective on shares of Newmont from $151.00 to $147.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.26.

Check Out Our Latest Analysis on Newmont

Insider Buying and Selling at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated 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 $4,001,439.70. This represents a 6.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Wexler sold 13,378 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $110.11, for a total value of $1,473,051.58. Following the completion of the transaction, the executive vice president owned 67,865 shares of the company’s stock, valued at $7,472,615.15. The trade was a 16.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 28,556 shares of company stock worth $3,058,146 in the last three months. 0.06% of the stock is currently owned by company insiders.

Newmont Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Newmont (NYSE:NEM)

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