Yeomans Consulting Group Inc. Invests $481,000 in Newmont Corporation $NEM

Yeomans Consulting Group Inc. purchased a new stake in Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,592 shares of the basic materials company’s stock, valued at approximately $481,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEM. Brighton Jones LLC boosted its position in shares of Newmont by 15.7% during the 4th quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock valued at $506,000 after acquiring an additional 1,847 shares during the last quarter. CW Advisors LLC acquired a new position in Newmont in the 1st quarter valued at about $205,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Newmont by 333.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 89,037 shares of the basic materials company’s stock valued at $4,299,000 after buying an additional 68,473 shares during the period. Synovus Financial Corp increased its holdings in shares of Newmont by 3.4% during the 1st quarter. Synovus Financial Corp now owns 16,141 shares of the basic materials company’s stock worth $779,000 after buying an additional 533 shares during the last quarter. Finally, Comerica Bank raised its position in shares of Newmont by 8.0% during the 1st quarter. Comerica Bank now owns 158,767 shares of the basic materials company’s stock valued at $7,665,000 after buying an additional 11,823 shares during the period. Institutional investors and hedge funds own 68.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NEM. Argus raised their target price on Newmont from $75.00 to $94.00 in a research note on Friday, November 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Newmont in a report on Monday. Citigroup boosted their price objective on shares of Newmont from $74.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. BNP Paribas Exane lowered shares of Newmont from an “outperform” rating to a “neutral” rating and set a $97.00 target price for the company. in a research note on Friday, December 5th. Finally, TD Securities lifted their price target on shares of Newmont from $67.00 to $89.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Newmont presently has an average rating of “Buy” and an average price target of $96.37.

Insider Buying and Selling at Newmont

In other news, Director Bruce R. Brook sold 2,080 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $92.36, for a total transaction of $192,108.80. Following the sale, the director owned 32,709 shares of the company’s stock, valued at approximately $3,021,003.24. This represents a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Ronald Palmer sold 5,000 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $81.34, for a total value of $406,700.00. Following the completion of the sale, the chief executive officer owned 279,923 shares in the company, valued at approximately $22,768,936.82. The trade was a 1.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 11,240 shares of company stock valued at $943,985. Insiders own 0.05% of the company’s stock.

Newmont Stock Performance

Shares of Newmont stock opened at $104.72 on Friday. The stock has a market capitalization of $114.27 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 0.73 and a beta of 0.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 1.74. The business has a 50-day moving average of $90.08 and a 200 day moving average of $76.95. Newmont Corporation has a 12 month low of $36.86 and a 12 month high of $105.73.

Newmont (NYSE:NEM) last issued its quarterly earnings results on Thursday, October 23rd. The basic materials company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.44. Newmont had a net margin of 33.42% and a return on equity of 20.35%. The business had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. The business’s quarterly revenue was up 20.0% on a year-over-year basis. As a group, sell-side analysts forecast that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Wednesday, November 26th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, November 26th. This represents a $1.00 dividend on an annualized basis and a yield of 1.0%. Newmont’s dividend payout ratio is 15.53%.

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.