19,881 Shares in Newmont Corporation (NYSE:NEM) Acquired by Win Advisors Inc.

Win Advisors Inc. bought a new position in shares of Newmont Corporation (NYSE:NEM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,881 shares of the basic materials company's stock, valued at approximately $960,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEM. SOA Wealth Advisors LLC. boosted its holdings in Newmont by 64.0% in the 1st quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company's stock worth $25,000 after acquiring an additional 201 shares during the period. Nexus Investment Management ULC purchased a new position in Newmont in the 1st quarter worth approximately $31,000. Redwood Park Advisors LLC purchased a new position in Newmont in the 4th quarter worth approximately $37,000. Promus Capital LLC purchased a new position in Newmont in the 4th quarter worth approximately $38,000. Finally, PSI Advisors LLC boosted its holdings in Newmont by 195.5% in the 1st quarter. PSI Advisors LLC now owns 795 shares of the basic materials company's stock worth $38,000 after acquiring an additional 526 shares during the period. Institutional investors and hedge funds own 68.85% of the company's stock.

Insider Buying and Selling

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $54.09, for a total transaction of $162,270.00. Following the completion of the sale, the executive vice president now owns 77,526 shares in the company, valued at $4,193,381.34. The trade was a 3.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $51.48, for a total transaction of $106,923.96. Following the sale, the director now owns 47,257 shares of the company's stock, valued at approximately $2,432,790.36. This represents a 4.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,154 shares of company stock worth $381,539 in the last quarter. 0.05% of the stock is owned by corporate insiders.

Newmont Trading Up 2.2%

Shares of NEM stock opened at $59.50 on Tuesday. The business's 50 day moving average is $53.95 and its two-hundred day moving average is $47.16. The company has a market cap of $66.22 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 0.98 and a beta of 0.31. The company has a quick ratio of 1.70, a current ratio of 1.98 and a debt-to-equity ratio of 0.25. Newmont Corporation has a 12 month low of $36.86 and a 12 month high of $60.31.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.54. Newmont had a net margin of 25.77% and a return on equity of 15.75%. The firm had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the prior year, the firm earned $0.55 EPS. Equities analysts predict that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, May 27th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Tuesday, May 27th. Newmont's dividend payout ratio (DPR) is currently 22.42%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. National Bankshares restated a "sector perform" rating on shares of Newmont in a report on Wednesday, April 23rd. Wall Street Zen upgraded Newmont from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Royal Bank Of Canada upped their price target on Newmont from $52.00 to $66.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. BMO Capital Markets restated an "outperform" rating on shares of Newmont in a report on Thursday, April 24th. Finally, National Bank Financial upgraded Newmont to a "hold" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $57.68.

Newmont Company Profile

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.

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