Newmont Co. (NYSE:NEM – Get Free Report) COO Natascha Viljoen sold 9,000 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $360,000.00. Following the sale, the chief operating officer now directly 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 filing with the SEC, which is available through this hyperlink.
Newmont Stock Up 2.6 %
Shares of NYSE:NEM traded up $1.02 during trading on Tuesday, reaching $40.19. 11,363,374 shares of the stock were exchanged, compared to its average volume of 8,537,674. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. Newmont Co. has a 1-year low of $29.42 and a 1-year high of $58.72. The stock has a fifty day moving average of $40.61 and a two-hundred day moving average of $46.91. The firm has a market cap of $45.75 billion, a price-to-earnings ratio of -26.44, a price-to-earnings-growth ratio of 0.35 and a beta of 0.50.
Newmont (NYSE:NEM – Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The company had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.67 billion. During the same period last year, the company posted $0.36 EPS. The business’s revenue for the quarter was up 84.7% on a year-over-year basis. Research analysts anticipate that Newmont Co. will post 3.08 earnings per share for the current fiscal year.
Newmont Dividend Announcement
Institutional Investors Weigh In On Newmont
Several hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Newmont in the second quarter worth $27,000. Hoese & Co LLP bought a new position in shares of Newmont in the third quarter worth about $27,000. Avior Wealth Management LLC lifted its position in shares of Newmont by 191.8% in the third quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company’s stock worth $27,000 after buying an additional 326 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in Newmont during the third quarter valued at approximately $28,000. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Newmont in the third quarter worth approximately $32,000. 68.85% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on NEM shares. JPMorgan Chase & Co. raised shares of Newmont from a “neutral” rating to an “overweight” rating in a research report on Tuesday, November 19th. Jefferies Financial Group upped their price target on shares of Newmont from $54.00 to $63.00 and gave the company a “buy” rating in a report on Friday, October 4th. The Goldman Sachs Group started coverage on shares of Newmont in a research report on Monday. They set a “buy” rating and a $47.20 price target for the company. CIBC lowered shares of Newmont from a “sector outperform” rating to a “neutral” rating in a report on Monday, October 28th. Finally, CLSA assumed coverage on shares of Newmont in a research note on Friday, November 29th. They set an “underperform” rating on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.80.
Check Out Our Latest Stock Report on NEM
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.
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