Newmont (NYSE:NEM) CEO Natascha Viljoen Sells 3,882 Shares of Stock

Newmont Corporation (NYSE:NEM) CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $105.32, for a total transaction of $408,852.24. Following the transaction, the chief executive officer owned 142,999 shares in the company, valued at approximately $15,060,654.68. The trade was a 2.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Newmont Price Performance

Shares of NEM opened at $107.62 on Thursday. The company has a market cap of $114.89 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 1.82 and a beta of 0.42. Newmont Corporation has a 1-year low of $52.08 and a 1-year high of $134.88. The company’s fifty day simple moving average is $111.55 and its 200 day simple moving average is $109.47. The company has a current ratio of 2.44, a quick ratio of 2.17 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.83. The business had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $6.83 billion. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The firm’s revenue for the quarter was up 45.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 earnings per share. On average, research analysts forecast that Newmont Corporation will post 9.91 earnings per share for the current fiscal year.

Newmont Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, May 27th. Newmont’s payout ratio is 13.49%.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Seeking Alpha highlighted Newmont’s strong cash generation, saying its cash flow “explosion is just beginning,” supported by a new $6 billion buyback authorization, solid liquidity, and long-term gold price tailwinds. Newmont: Gold’s Volatility Creates A Long-Term Opportunity
• Positive Sentiment: Royal Bank of Canada kept an outperform rating on Newmont and still sees upside, even after lowering its price target to $140 from $160. RBC price target update
• Neutral Sentiment: Newmont’s CEO Natascha Viljoen and EVP Peter Toth both sold shares, but the transactions were pre-planned under Rule 10b5-1 programs, which often makes them less concerning for investors.
• Neutral Sentiment: Yahoo Finance articles noted that Newmont is trading near estimated fair value and that investors are reassessing whether there is still meaningful upside after the stock’s very strong 1-year surge. A Look At Newmont (NEM) Valuation As Shares Trade Near Estimated Fair Value
• Neutral Sentiment: More recent market coverage says Newmont remains a trending stock, but this appears to reflect ongoing investor interest rather than a new fundamental catalyst. Newmont Corporation (NEM) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Some commentary warns that Newmont may have already priced in much of its recent upside, especially after a 96% one-year surge, which could limit near-term gains if gold or mining sentiment cools. Is It Too Late To Reassess Newmont (NEM) After Its 1 Year 96% Surge?

Hedge Funds Weigh In On Newmont

Several institutional investors and hedge funds have recently made changes to their positions in the company. Apella Capital LLC lifted its holdings in shares of Newmont by 4.1% in the fourth quarter. Apella Capital LLC now owns 2,198 shares of the basic materials company’s stock valued at $219,000 after purchasing an additional 86 shares in the last quarter. New Wave Wealth Advisors LLC lifted its holdings in shares of Newmont by 1.3% in the fourth quarter. New Wave Wealth Advisors LLC now owns 6,849 shares of the basic materials company’s stock valued at $684,000 after purchasing an additional 88 shares in the last quarter. Novem Group lifted its holdings in shares of Newmont by 3.7% in the fourth quarter. Novem Group now owns 2,487 shares of the basic materials company’s stock valued at $248,000 after purchasing an additional 88 shares in the last quarter. Norden Group LLC lifted its position in shares of Newmont by 0.7% during the fourth quarter. Norden Group LLC now owns 12,367 shares of the basic materials company’s stock valued at $1,235,000 after purchasing an additional 90 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Newmont by 1.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 7,153 shares of the basic materials company’s stock valued at $714,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NEM. TD Securities reissued a “hold” rating and set a $129.00 price target on shares of Newmont in a research report on Monday, April 27th. The Goldman Sachs Group boosted their price target on Newmont from $123.20 to $125.10 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. UBS Group lowered their price target on Newmont from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Weiss Ratings downgraded shares of Newmont from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 27th. Finally, National Bank Financial upped their price objective on shares of Newmont from $130.00 to $140.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $142.20.

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.