Sigma Planning Corp Purchases 7,921 Shares of Newmont Corporation $NEM

Sigma Planning Corp increased its position in Newmont Corporation (NYSE:NEM) by 59.8% during the fourth quarter, Holdings Channel reports. The firm owned 21,175 shares of the basic materials company’s stock after buying an additional 7,921 shares during the quarter. Sigma Planning Corp’s holdings in Newmont were worth $2,114,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Apella Capital LLC raised its holdings in shares of Newmont by 4.1% in the 4th 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 during the period. New Wave Wealth Advisors LLC raised its holdings in shares of Newmont by 1.3% in the 4th 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 during the period. Novem Group raised its holdings in Newmont by 3.7% in the 4th quarter. Novem Group now owns 2,487 shares of the basic materials company’s stock valued at $248,000 after acquiring an additional 88 shares during the period. Norden Group LLC raised its holdings in Newmont by 0.7% in the 4th quarter. Norden Group LLC now owns 12,367 shares of the basic materials company’s stock valued at $1,235,000 after acquiring an additional 90 shares during the period. Finally, Brown Miller Wealth Management LLC raised its holdings in Newmont by 2.7% in the 4th quarter. Brown Miller Wealth Management LLC now owns 4,268 shares of the basic materials company’s stock valued at $426,000 after acquiring an additional 113 shares during the period. 68.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on NEM shares. National Bank Financial increased their price target 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. Zacks Research cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, April 3rd. TD Cowen reissued a “buy” rating on shares of Newmont in a report on Monday, April 27th. Raymond James Financial increased their price target on shares of Newmont from $111.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. Finally, DZ Bank raised shares of Newmont to a “strong-buy” rating in a report on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Newmont has a consensus rating of “Moderate Buy” and an average target price of $142.51.

Insider Activity at Newmont

In related news, insider David James Fry sold 18,394 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the sale, the insider owned 17,147 shares in the company, valued at approximately $1,911,033.15. This trade represents a 51.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $113.09, for a total transaction of $339,270.00. Following the sale, the executive vice president owned 52,315 shares in the company, valued at $5,916,303.35. This represents a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,394 shares of company stock worth $2,713,281 in the last quarter. 0.06% of the stock is currently owned by company insiders.

Newmont Stock Performance

NYSE NEM opened at $108.58 on Friday. 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 market capitalization of $115.91 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 1.98 and a beta of 0.43. The firm’s 50 day simple moving average is $113.57 and its 200 day simple moving average is $105.47. Newmont Corporation has a 1 year low of $48.27 and a 1 year high of $134.88.

Newmont (NYSE:NEM) last posted its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.83. The business had revenue of $7.31 billion for 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 firm’s revenue for the quarter was up 45.8% on a year-over-year basis. During the same quarter last year, the business posted $1.25 EPS. As a group, research analysts expect that Newmont Corporation will post 9.47 earnings per share for the current fiscal year.

Newmont Dividend Announcement

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

Newmont 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.