Newmont Corporation $NEM Shares Sold by Huntleigh Advisors Inc.

Huntleigh Advisors Inc. reduced its position in shares of Newmont Corporation (NYSE:NEM) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,470 shares of the basic materials company’s stock after selling 500 shares during the period. Huntleigh Advisors Inc.’s holdings in Newmont were worth $610,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Knights of Columbus Asset Advisors LLC lifted its position in shares of Newmont by 59.6% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 15,653 shares of the basic materials company’s stock worth $912,000 after purchasing an additional 5,848 shares during the last quarter. Generate Investment Management Ltd lifted its position in shares of Newmont by 25.9% during the 2nd quarter. Generate Investment Management Ltd now owns 378,975 shares of the basic materials company’s stock worth $22,079,000 after purchasing an additional 77,865 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Newmont by 13.2% during the 1st quarter. Bessemer Group Inc. now owns 11,791 shares of the basic materials company’s stock worth $569,000 after purchasing an additional 1,379 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Newmont during the 1st quarter worth $423,000. Finally, Cypress Capital Group lifted its position in shares of Newmont by 6.5% during the 2nd quarter. Cypress Capital Group now owns 48,549 shares of the basic materials company’s stock worth $2,828,000 after purchasing an additional 2,959 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Bank of America boosted their price target on shares of Newmont from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday. BNP Paribas downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. CIBC set a $112.00 price objective on shares of Newmont and gave the company an “outperformer” rating in a research note on Friday, October 10th. National Bank Financial upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 25th. Finally, Macquarie downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 2nd. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Newmont presently has a consensus rating of “Moderate Buy” and an average target price of $87.59.

Insider Activity

In other news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $63.66, for a total value of $190,980.00. Following the completion of the sale, the executive vice president directly owned 58,736 shares of the company’s stock, valued at approximately $3,739,133.76. This represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce R. Brook sold 2,080 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $84.99, for a total transaction of $176,779.20. Following the transaction, the director directly owned 36,869 shares of the company’s stock, valued at $3,133,496.31. This represents a 5.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,249 shares of company stock valued at $1,132,065. Insiders own 0.05% of the company’s stock.

Newmont Price Performance

Shares of NYSE:NEM opened at $90.76 on Friday. The company has a 50-day simple moving average of $79.24 and a 200-day simple moving average of $64.08. Newmont Corporation has a one year low of $36.86 and a one year high of $98.58. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.91 and a current ratio of 2.23. The stock has a market capitalization of $99.69 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 0.99 and a beta of 0.34.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, July 24th. The basic materials company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.48. Newmont had a net margin of 30.50% and a return on equity of 17.86%. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $4.70 billion. During the same period in the prior year, the company earned $0.72 earnings per share. The business’s revenue was up 20.8% compared to the same quarter last year. On average, analysts predict that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Thursday, September 4th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 4th. Newmont’s dividend payout ratio is presently 17.95%.

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.