ANTIPODES PARTNERS Ltd Acquires 135,480 Shares of Newmont Corporation (NYSE:NEM)

ANTIPODES PARTNERS Ltd raised its position in shares of Newmont Corporation (NYSE:NEM - Free Report) by 39.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 479,396 shares of the basic materials company's stock after purchasing an additional 135,480 shares during the quarter. ANTIPODES PARTNERS Ltd's holdings in Newmont were worth $23,147,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. grew its stake in shares of 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 acquiring an additional 201 shares during the period. Cloud Capital Management LLC bought a new position in shares of Newmont during the 1st quarter valued at approximately $26,000. Private Trust Co. NA grew its stake in shares of Newmont by 122.6% during the 1st quarter. Private Trust Co. NA now owns 630 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 347 shares during the period. Nexus Investment Management ULC bought a new position in shares of Newmont during the 1st quarter valued at approximately $31,000. Finally, Alpine Bank Wealth Management bought a new position in shares of Newmont during the 1st quarter valued at approximately $32,000. 68.85% of the stock is currently owned by institutional investors.

Insider Activity at Newmont

In related news, Director Bruce R. Brook sold 2,077 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 transaction of $122,023.75. Following the sale, the director owned 43,103 shares in the company, valued at approximately $2,532,301.25. This represents a 4.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Peter Toth sold 3,000 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 $176,250.00. Following the sale, the executive vice president owned 74,526 shares in the company, 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 worth $679,813 over the last ninety days. Insiders own 0.05% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Raymond James Financial reiterated an "outperform" rating and set a $66.00 price objective on shares of Newmont in a research note on Friday, April 25th. Cfra Research upgraded Newmont to a "strong-buy" rating in a research note on Friday, April 25th. CIBC set a $74.00 price objective on Newmont and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Argus set a $63.00 price target on Newmont in a report on Friday, April 25th. Finally, UBS Group boosted their price target on Newmont from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $62.49.

Newmont Price Performance

Shares of NEM traded up $4.24 during mid-day trading on Friday, hitting $65.75. 30,891,639 shares of the stock were exchanged, compared to its average volume of 11,595,961. The company has a market cap of $73.18 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 0.90 and a beta of 0.33. Newmont Corporation has a 52-week low of $36.86 and a 52-week high of $66.57. The firm has a 50-day moving average of $57.05 and a two-hundred day moving average of $50.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.70 and a current ratio of 1.98.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.48. The business had revenue of $5.32 billion for the quarter, compared to analysts' expectations of $4.70 billion. Newmont had a return on equity of 18.13% and a net margin of 30.50%. The company's revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 EPS. On average, equities analysts predict that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Thursday, September 4th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, September 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.52%. Newmont's dividend payout ratio (DPR) is 22.42%.

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.