Newmont Corporation $NEM Shares Purchased by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Newmont Corporation by 15.7% during Q1, holding 994,038 shares valued at approximately $48 million.
• Several other institutional investors also boosted their holdings in Newmont, with notable increases including a 4,203.5% rise in Pacer Advisors Inc.'s position.
• Newmont recently reported a quarterly EPS of $1.43, significantly surpassing estimates, and declared a dividend of $0.25 per share to be paid on September 29th.

American Century Companies Inc. boosted its position in shares of Newmont Corporation (NYSE:NEM - Free Report) by 15.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 994,038 shares of the basic materials company's stock after acquiring an additional 134,945 shares during the quarter. American Century Companies Inc. owned 0.09% of Newmont worth $47,992,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NEM. Hemington Wealth Management raised its stake in shares of Newmont by 25.2% in the first quarter. Hemington Wealth Management now owns 965 shares of the basic materials company's stock valued at $46,000 after acquiring an additional 194 shares during the period. Ipswich Investment Management Co. Inc. raised its position in Newmont by 1.4% in the 1st quarter. Ipswich Investment Management Co. Inc. now owns 14,269 shares of the basic materials company's stock worth $689,000 after purchasing an additional 200 shares during the period. SOA Wealth Advisors LLC. lifted its stake in Newmont by 64.0% in the first quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company's stock worth $25,000 after purchasing an additional 201 shares during the last quarter. Rothschild Investment LLC boosted its position in shares of Newmont by 8.5% during the first quarter. Rothschild Investment LLC now owns 2,786 shares of the basic materials company's stock valued at $135,000 after buying an additional 219 shares during the period. Finally, Twin Capital Management Inc. grew its stake in shares of Newmont by 0.7% during the first quarter. Twin Capital Management Inc. now owns 38,798 shares of the basic materials company's stock valued at $1,873,000 after buying an additional 254 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $54.09, for a total value of $162,270.00. Following the transaction, the executive vice president directly owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $63.66, for a total value of $132,221.82. Following the transaction, the director directly owned 41,026 shares in the company, valued at approximately $2,611,715.16. The trade was a 4.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,246 shares of company stock valued at $1,373,251 in the last 90 days. Insiders own 0.05% of the company's stock.

Newmont Stock Up 0.8%

NEM stock traded up $0.5710 during trading on Friday, hitting $70.6610. 6,575,987 shares of the company's stock traded hands, compared to its average volume of 9,833,997. The company has a quick ratio of 1.91, a current ratio of 2.23 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $77.62 billion, a P/E ratio of 12.69, a PEG ratio of 0.84 and a beta of 0.30. The business has a fifty day simple moving average of $62.46 and a two-hundred day simple moving average of $54.02. Newmont Corporation has a 1 year low of $36.86 and a 1 year high of $71.10.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.48. The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $4.70 billion. Newmont had a return on equity of 17.86% and a net margin of 30.50%.The business's revenue was up 20.8% compared to the same quarter last year. During the same period last year, the business posted $0.72 EPS. Sell-side analysts anticipate that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 4th. Newmont's dividend payout ratio is presently 17.95%.

Wall Street Analyst Weigh In

NEM has been the subject of a number of research analyst reports. CIBC set a $74.00 price target on Newmont and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Stifel Nicolaus initiated coverage on shares of Newmont in a research note on Wednesday, July 9th. They set a "buy" rating and a $73.00 target price for the company. Wall Street Zen upgraded shares of Newmont from a "hold" rating to a "buy" rating in a report on Friday, May 30th. The Goldman Sachs Group reiterated a "neutral" rating and set a $60.90 price objective on shares of Newmont in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada upped their target price on shares of Newmont from $52.00 to $66.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Four equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $64.58.

Newmont 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.