Sigma Planning Corp Makes New $211,000 Investment in Newmont Corporation (NYSE:NEM)

Sigma Planning Corp acquired a new position in shares of Newmont Corporation (NYSE:NEM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,380 shares of the basic materials company's stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also bought and sold shares of NEM. Ipswich Investment Management Co. Inc. increased its stake in shares of Newmont by 1.4% in the first quarter. Ipswich Investment Management Co. Inc. now owns 14,269 shares of the basic materials company's stock valued at $689,000 after buying an additional 200 shares during the period. SOA Wealth Advisors LLC. increased its position in Newmont by 64.0% during the 1st quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 201 shares during the period. HighPoint Advisor Group LLC increased its position in Newmont by 3.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 5,992 shares of the basic materials company's stock valued at $223,000 after purchasing an additional 219 shares during the period. Rothschild Investment LLC increased its position in Newmont by 8.5% during 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 during the period. Finally, Prudent Man Advisors LLC increased its position in Newmont by 1.8% during the 1st quarter. Prudent Man Advisors LLC now owns 15,517 shares of the basic materials company's stock valued at $749,000 after purchasing an additional 276 shares during the period. Institutional investors own 68.85% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NEM shares. Wall Street Zen upgraded Newmont from a "hold" rating to a "buy" rating in a report on Friday, May 30th. BMO Capital Markets reiterated an "outperform" rating on shares of Newmont in a report on Thursday, April 24th. Stifel Nicolaus initiated coverage on Newmont in a report on Wednesday, July 9th. They issued a "buy" rating and a $73.00 target price on the stock. Royal Bank Of Canada increased their target price on Newmont from $52.00 to $66.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Finally, Scotiabank restated a "sector perform" rating on shares of Newmont in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $62.49.

Insider Activity

In other news, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $54.09, for a total value of $162,270.00. Following the completion of the transaction, the executive vice president directly owned 77,526 shares of the company's stock, valued at approximately $4,193,381.34. This represents a 3.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $58.75, for a total value of $122,023.75. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 12,231 shares of company stock valued at $679,813 in the last quarter. Company insiders own 0.05% of the company's stock.

Newmont Trading Down 0.5%

Shares of Newmont stock traded down $0.28 on Wednesday, reaching $61.42. The company had a trading volume of 13,275,348 shares, compared to its average volume of 10,869,642. The firm has a market cap of $68.36 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of 0.67 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 firm's 50-day moving average price is $55.83 and its two-hundred day moving average price is $49.80. Newmont Corporation has a 1 year low of $36.86 and a 1 year high of $62.55.

Newmont (NYSE:NEM - Get Free Report) last issued its 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. The business had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.82 billion. Newmont had a return on equity of 15.75% and a net margin of 25.77%. During the same period in the previous year, the company posted $0.55 EPS. As a group, research analysts predict that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, May 27th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Tuesday, May 27th. Newmont's dividend payout ratio (DPR) is 22.42%.

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.