Sigma Planning Corp Acquires Shares of 4,380 Newmont Corporation (NYSE:NEM)

Sigma Planning Corp purchased a new stake in shares of Newmont Corporation (NYSE:NEM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,380 shares of the basic materials company's stock, valued at approximately $211,000.

A number of other institutional investors also recently modified their holdings of the stock. Ipswich Investment Management Co. Inc. raised its position in Newmont by 1.4% during the first quarter. Ipswich Investment Management Co. Inc. now owns 14,269 shares of the basic materials company's stock worth $689,000 after acquiring an additional 200 shares in the last quarter. SOA Wealth Advisors LLC. grew its stake in Newmont by 64.0% during the first quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company's stock worth $25,000 after buying an additional 201 shares in the last quarter. HighPoint Advisor Group LLC grew its stake in Newmont by 3.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 5,992 shares of the basic materials company's stock worth $223,000 after buying an additional 219 shares in the last quarter. Rothschild Investment LLC boosted its stake in shares of Newmont by 8.5% in the 1st quarter. Rothschild Investment LLC now owns 2,786 shares of the basic materials company's stock valued at $135,000 after purchasing an additional 219 shares in the last quarter. Finally, Prudent Man Advisors LLC raised its holdings in Newmont by 1.8% in the 1st quarter. Prudent Man Advisors LLC now owns 15,517 shares of the basic materials company's stock valued at $749,000 after buying an additional 276 shares during the last quarter. 68.85% of the stock is owned by institutional investors.

Newmont Stock Performance

NYSE:NEM traded up $1.94 on Tuesday, reaching $61.80. 9,358,499 shares of the company's stock were exchanged, compared to its average volume of 10,836,939. Newmont Corporation has a 52 week low of $36.86 and a 52 week high of $61.89. The firm has a market cap of $68.78 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 0.65 and a beta of 0.33. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.98 and a quick ratio of 1.70. The stock has a fifty day simple moving average of $55.83 and a 200-day simple moving average of $49.80.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $4.82 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. As a group, sell-side analysts predict that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Tuesday, May 27th. Newmont's dividend payout ratio (DPR) is presently 22.42%.

Analysts Set New Price Targets

NEM has been the topic of a number of recent analyst reports. Cfra Research upgraded Newmont to a "strong-buy" rating in a research note on Friday, April 25th. Stifel Nicolaus began coverage on Newmont in a report on Wednesday, July 9th. They set a "buy" rating and a $73.00 price objective for the company. Argus set a $63.00 target price on Newmont in a research note on Friday, April 25th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $60.90 price objective on shares of Newmont in a research report on Tuesday, July 8th. Finally, Stifel Canada upgraded Newmont to a "strong-buy" rating in a report on Tuesday, July 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $62.49.

Insider Transactions at Newmont

In related news, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $58.75, for a total transaction of $122,023.75. Following the completion of the sale, the director owned 43,103 shares in the company, valued at $2,532,301.25. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $58.75, for a total value of $176,250.00. Following the completion of the transaction, the executive vice president owned 74,526 shares of the company's stock, valued at $4,378,402.50. The trade was a 3.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,231 shares of company stock valued at $679,813 over the last three months. Corporate insiders own 0.05% of the company's stock.

About Newmont

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.