Newmont Corporation $NEM Shares Sold by Liontrust Investment Partners LLP

Liontrust Investment Partners LLP lowered its position in Newmont Corporation (NYSE:NEM) by 63.9% in the second quarter, HoldingsChannel reports. The firm owned 111,993 shares of the basic materials company’s stock after selling 198,268 shares during the period. Liontrust Investment Partners LLP’s holdings in Newmont were worth $10,460,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Newmont in the 2nd quarter valued at about $11,289,753,000. Norges Bank acquired a new stake in shares of Newmont during the 4th quarter worth approximately $1,443,128,000. Bank of New York Mellon Corp acquired a new stake in shares of Newmont during the 2nd quarter worth approximately $1,219,505,000. Deutsche Bank AG purchased a new stake in Newmont in the 2nd quarter valued at about $911,180,000. Finally, Legal & General Group Plc acquired a new position in Newmont in the second quarter valued at about $778,894,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Raymond James Financial reiterated an “outperform” rating and set a $140.00 price target on shares of Newmont in a research report on Monday. Citigroup dropped their price objective on Newmont from $150.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Jefferies Financial Group decreased their target price on Newmont from $158.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Scotiabank lifted their target price on Newmont from $147.00 to $149.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Finally, TD Securities upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.73.

Insider Transactions at Newmont

In related news, CFO Brian Tabolt sold 11,445 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the sale, the chief financial officer directly owned 29,324 shares in the company, valued at approximately $3,081,659.16. This represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Natascha Viljoen sold 7,764 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $104.00, for a total transaction of $807,456.00. Following the completion of the sale, the chief executive officer directly owned 135,235 shares in the company, valued at approximately $14,064,440. This trade represents a 5.43% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 32,091 shares of company stock valued at $3,292,513. 0.06% of the stock is currently owned by corporate insiders.

Newmont Stock Down 3.4%

Newmont stock opened at $127.84 on Friday. The firm has a market capitalization of $134.70 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.36 and a beta of 0.47. The company has a current ratio of 2.55, a quick ratio of 2.26 and a debt-to-equity ratio of 0.15. Newmont Corporation has a twelve month low of $72.78 and a twelve month high of $135.29. The stock’s fifty day simple moving average is $104.23 and its 200-day simple moving average is $109.57.

Newmont (NYSE:NEM) last released its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.05. Newmont had a return on equity of 29.10% and a net margin of 33.36%.The firm had revenue of $6.12 billion during the quarter, compared to analyst estimates of $6.35 billion. During the same period last year, the business posted $1.43 earnings per share. As a group, equities analysts expect that Newmont Corporation will post 9.01 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, September 3rd. Newmont’s dividend payout ratio (DPR) is presently 13.13%.

Newmont Company Profile

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.