Newmont Co. (NYSE:NEM) Shares Purchased by Mutual Advisors LLC

Mutual Advisors LLC grew its stake in Newmont Co. (NYSE:NEMGet Rating) by 47.9% during the third quarter, HoldingsChannel.com reports. The firm owned 18,255 shares of the basic materials company’s stock after purchasing an additional 5,910 shares during the period. Mutual Advisors LLC’s holdings in Newmont were worth $767,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Hoey Investments Inc. acquired a new stake in shares of Newmont in the 2nd quarter valued at about $30,000. Crewe Advisors LLC raised its stake in shares of Newmont by 98.0% in the 2nd quarter. Crewe Advisors LLC now owns 584 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 289 shares in the last quarter. Central Bank & Trust Co. raised its stake in shares of Newmont by 64.3% in the 2nd quarter. Central Bank & Trust Co. now owns 608 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 238 shares in the last quarter. Concord Wealth Partners raised its stake in shares of Newmont by 193.0% in the 2nd quarter. Concord Wealth Partners now owns 630 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 415 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Newmont in the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Transactions at Newmont

In other news, insider Mark Casper sold 4,890 shares of Newmont stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $41.98, for a total transaction of $205,282.20. Following the completion of the sale, the insider now owns 18,217 shares in the company, valued at approximately $764,749.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Mark Casper sold 4,890 shares of the business’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $41.98, for a total value of $205,282.20. Following the sale, the insider now owns 18,217 shares of the company’s stock, valued at $764,749.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Robert D. Atkinson sold 3,000 shares of the business’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $43.02, for a total transaction of $129,060.00. Following the transaction, the chief operating officer now owns 39,947 shares in the company, valued at $1,718,519.94. The disclosure for this sale can be found here. Insiders sold a total of 46,890 shares of company stock worth $2,160,662 in the last quarter. 0.11% of the stock is owned by company insiders.

Newmont Trading Up 0.5 %

NEM opened at $53.63 on Tuesday. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $42.57 billion, a PE ratio of 42.56 and a beta of 0.27. Newmont Co. has a 1-year low of $37.45 and a 1-year high of $86.37. The firm has a 50-day moving average price of $48.46 and a two-hundred day moving average price of $46.01.

Newmont (NYSE:NEMGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The basic materials company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.79 billion. Newmont had a net margin of 8.28% and a return on equity of 8.07%. As a group, equities analysts anticipate that Newmont Co. will post 1.82 earnings per share for the current fiscal year.

Newmont Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 29th. Stockholders of record on Thursday, December 8th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Wednesday, December 7th. Newmont’s dividend payout ratio is 174.60%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NEM shares. Canaccord Genuity Group reaffirmed a “hold” rating and set a $56.00 price objective (up previously from $50.00) on shares of Newmont in a research report on Thursday, January 19th. StockNews.com started coverage on shares of Newmont in a research report on Wednesday, October 12th. They set a “hold” rating for the company. National Bank Financial boosted their price objective on shares of Newmont from C$76.00 to C$86.00 in a research report on Friday, January 13th. Barclays lowered their price objective on shares of Newmont from $55.00 to $54.00 and set an “equal weight” rating for the company in a research report on Monday, November 21st. Finally, Fundamental Research reaffirmed a “buy” rating and set a $52.00 price objective (down previously from $63.91) on shares of Newmont in a research report on Tuesday, November 15th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Newmont presently has an average rating of “Hold” and a consensus price target of $63.63.

Newmont Company Profile

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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, and Ghana. As of December 31, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers.

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Institutional Ownership by Quarter for Newmont (NYSE:NEM)

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