Newmont Corporation (NYSE:NEM) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. decreased its holdings in Newmont Corporation (NYSE:NEM - Free Report) by 45.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,186 shares of the basic materials company's stock after selling 20,201 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Newmont were worth $1,168,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bessemer Group Inc. raised its holdings in shares of Newmont by 13.2% in the 1st quarter. Bessemer Group Inc. now owns 11,791 shares of the basic materials company's stock worth $569,000 after purchasing an additional 1,379 shares during the period. First Trust Advisors LP raised its holdings in Newmont by 9.9% in the fourth quarter. First Trust Advisors LP now owns 96,040 shares of the basic materials company's stock valued at $3,575,000 after buying an additional 8,678 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in Newmont during the first quarter valued at approximately $423,000. Spire Wealth Management lifted its position in Newmont by 125.0% during the first quarter. Spire Wealth Management now owns 2,356 shares of the basic materials company's stock valued at $114,000 after buying an additional 1,309 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in Newmont during the first quarter worth approximately $202,000. Institutional investors and hedge funds own 68.85% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Stifel Canada raised shares of Newmont to a "strong-buy" rating in a research note on Tuesday, July 8th. Cfra Research raised Newmont to a "strong-buy" rating in a research report on Friday, April 25th. UBS Group boosted their price objective on Newmont from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Raymond James Financial increased their target price on Newmont from $67.00 to $69.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, Royal Bank Of Canada raised their target price on Newmont from $52.00 to $66.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $64.58.

Newmont Stock Up 0.1%

Shares of NEM traded up $0.04 during trading on Tuesday, reaching $68.91. The company's stock had a trading volume of 5,880,427 shares, compared to its average volume of 12,847,742. The company has a market cap of $75.69 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 0.81 and a beta of 0.30. 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 company has a fifty day moving average of $60.11 and a two-hundred day moving average of $52.62. Newmont Corporation has a twelve month low of $36.86 and a twelve month high of $70.29.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.48. Newmont had a net margin of 30.50% and a return on equity of 17.86%. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $4.70 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The business's revenue was up 20.8% compared to the same quarter last year. On average, sell-side analysts predict that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. Newmont's dividend payout ratio (DPR) is presently 17.95%.

Insider Transactions at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the business's 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 completion of the sale, the executive vice president directly owned 77,526 shares of the company's stock, valued at $4,193,381.34. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Brian Tabolt sold 7,015 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $68.02, for a total value of $477,160.30. Following the sale, the chief accounting officer owned 32,615 shares in the company, valued at $2,218,472.30. The trade was a 17.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,246 shares of company stock valued at $1,373,251. Insiders own 0.05% of the company's stock.

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.