Achmea Investment Management B.V. Acquires 9,469 Shares of Newmont Corporation (NYSE:NEM)

Achmea Investment Management B.V. increased its stake in shares of Newmont Corporation (NYSE:NEM - Free Report) by 42.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,740 shares of the basic materials company's stock after acquiring an additional 9,469 shares during the quarter. Achmea Investment Management B.V.'s holdings in Newmont were worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ipswich Investment Management Co. Inc. increased its holdings in Newmont by 1.4% during the 1st quarter. Ipswich Investment Management Co. Inc. now owns 14,269 shares of the basic materials company's stock valued at $689,000 after purchasing an additional 200 shares during the period. SOA Wealth Advisors LLC. grew its position in shares of 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 buying an additional 201 shares during the period. HighPoint Advisor Group LLC increased its stake in shares of Newmont by 3.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 5,992 shares of the basic materials company's stock worth $223,000 after acquiring an additional 219 shares in the last quarter. Rothschild Investment LLC boosted its stake in Newmont by 8.5% during the first quarter. Rothschild Investment LLC now owns 2,786 shares of the basic materials company's stock worth $135,000 after acquiring an additional 219 shares in the last quarter. Finally, Keel Point LLC grew its holdings in Newmont by 2.0% in the fourth quarter. Keel Point LLC now owns 14,774 shares of the basic materials company's stock worth $550,000 after purchasing an additional 287 shares during the period. Institutional investors own 68.85% of the company's stock.

Insiders Place Their Bets

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $54.09, for a total value of $162,270.00. Following the sale, the executive vice president now directly owns 77,526 shares of the company's stock, valued at approximately $4,193,381.34. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $54.09, for a total value of $112,344.93. Following the transaction, the director now owns 45,180 shares of the company's stock, valued at $2,443,786.20. This represents a 4.40% 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 three months. 0.05% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on NEM. UBS Group upgraded Newmont from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $50.00 to $60.00 in a research note on Friday, April 11th. Royal Bank Of Canada increased their price target on shares of Newmont from $52.00 to $66.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. Wall Street Zen upgraded shares of 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 research note on Thursday, April 24th. Finally, Argus set a $63.00 price target on Newmont in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $58.38.

Newmont Price Performance

NYSE:NEM traded up $0.49 during trading hours on Monday, hitting $57.25. 1,655,340 shares of the stock traded hands, compared to its average volume of 10,535,047. The company has a market cap of $63.72 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 0.75 and a beta of 0.31. Newmont Corporation has a 1 year low of $36.86 and a 1 year high of $60.31. The stock has a 50 day moving average price of $54.18 and a 200 day moving average price of $47.61. 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 (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, topping the consensus estimate of $0.71 by $0.54. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.82 billion. Newmont had a net margin of 25.77% and a return on equity of 15.75%. During the same quarter in the prior year, the firm posted $0.55 EPS. Sell-side analysts forecast that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, May 27th were issued a $0.25 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a yield of 1.75%. Newmont's dividend payout ratio is presently 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.