Newmont Corporation $NEM Stock Holdings Raised by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Newmont Corporation (NYSE:NEM) by 6,633.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 67,604 shares of the basic materials company’s stock after buying an additional 66,600 shares during the quarter. Newmont comprises 2.8% of E Fund Management Hong Kong Co. Ltd.’s portfolio, making the stock its 8th largest holding. E Fund Management Hong Kong Co. Ltd.’s holdings in Newmont were worth $6,750,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NEM. GoalVest Advisory LLC bought a new stake in Newmont during the fourth quarter worth approximately $25,000. Cornerstone Planning Group LLC boosted its holdings in shares of Newmont by 312.1% in the 4th quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 206 shares during the period. Lodestone Wealth Management LLC bought a new position in shares of Newmont during the 4th quarter valued at approximately $28,000. Laurel Wealth Advisors LLC purchased a new stake in Newmont during the 4th quarter valued at $30,000. Finally, Rosenberg Matthew Hamilton lifted its position in Newmont by 308.0% in the fourth quarter. Rosenberg Matthew Hamilton now owns 306 shares of the basic materials company’s stock worth $31,000 after buying an additional 231 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors.

Newmont Stock Down 0.6%

Shares of NEM opened at $118.99 on Thursday. The firm has a market capitalization of $127.02 billion, a P/E ratio of 15.43, a P/E/G ratio of 1.66 and a beta of 0.43. Newmont Corporation has a 12-month low of $48.27 and a 12-month high of $134.88. The company has a current ratio of 2.44, a quick ratio of 2.17 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average price of $112.20 and a 200-day moving average price of $106.79.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.83. The firm had revenue of $7.31 billion during the quarter, compared to analyst estimates of $6.83 billion. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The business’s revenue was up 45.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 earnings per share. Equities research analysts expect that Newmont Corporation will post 9.72 earnings per share for the current year.

Newmont Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Wednesday, May 27th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, May 27th. Newmont’s payout ratio is presently 13.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Bank of America increased their target price on shares of Newmont from $134.00 to $151.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Zacks Research lowered Newmont from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 3rd. DZ Bank upgraded Newmont to a “strong-buy” rating in a report on Monday, January 19th. TD Securities restated a “hold” rating and set a $129.00 price objective on shares of Newmont in a report on Monday, April 27th. Finally, Macquarie Infrastructure upped their price objective on Newmont from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $142.51.

Insider Transactions at Newmont

In related news, insider David John Thornton sold 2,296 shares of Newmont stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $110.11, for a total value of $252,812.56. Following the completion of the sale, the insider directly owned 23,163 shares in the company, valued at $2,550,477.93. The trade was a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $110.11, for a total value of $330,330.00. Following the completion of the sale, the executive vice president owned 49,315 shares of the company’s stock, valued at $5,430,074.65. The trade was a 5.73% decrease in their ownership of the stock. 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 three months, insiders have sold 43,068 shares of company stock valued at $4,769,475. Insiders own 0.06% of the company’s stock.

About Newmont

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.