Caisse Des Depots ET Consignations Acquires 10,514 Shares of Newmont Corporation $NEM

Key Points

• Caisse Des Depots ET Consignations increased its stake in Newmont by 56.5%, buying 10,514 shares to hold 29,116 shares valued at about $2.907M, and institutional investors now own 68.85% of the company.
• Newmont beat expectations last quarter with $2.90 EPS vs. $2.07 consensus and revenue of $7.31B (up 45.8% year‑over‑year), signaling strong operating results.
• Insiders sold a total of 24,394 shares (~$2.71M) over the last quarter (insiders own 0.06%), and the company declared a quarterly dividend of $0.26 (annualized $1.04, ~1.0% yield) with an ex‑dividend date of May 27.

Caisse Des Depots ET Consignations lifted its holdings in Newmont Corporation (NYSE:NEM - Free Report) by 56.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,116 shares of the basic materials company's stock after buying an additional 10,514 shares during the quarter. Caisse Des Depots ET Consignations' holdings in Newmont were worth $2,907,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Cornerstone Planning Group LLC raised its holdings in shares of Newmont by 312.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company's stock valued at $27,000 after buying an additional 206 shares during the last quarter. Composition Wealth LLC raised its holdings in shares of Newmont by 32.5% in the fourth quarter. Composition Wealth LLC now owns 5,118 shares of the basic materials company's stock valued at $511,000 after buying an additional 1,254 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of Newmont in the fourth quarter valued at about $98,224,000. One Wealth Advisors LLC raised its holdings in shares of Newmont by 23.5% in the fourth quarter. One Wealth Advisors LLC now owns 6,086 shares of the basic materials company's stock valued at $608,000 after buying an additional 1,160 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its holdings in shares of Newmont by 17.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 22,480 shares of the basic materials company's stock valued at $2,245,000 after buying an additional 3,392 shares during the last quarter. 68.85% of the stock is owned by institutional investors.

Insider Activity at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $113.09, for a total value of $339,270.00. Following the completion of the transaction, the executive vice president directly owned 52,315 shares in the company, valued at approximately $5,916,303.35. The trade was a 5.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David James Fry sold 18,394 shares of the business's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $111.45, for a total value of $2,050,011.30. Following the completion of the transaction, the insider owned 17,147 shares of the company's stock, valued at $1,911,033.15. This represents a 51.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 24,394 shares of company stock valued at $2,713,281 over the last quarter. 0.06% of the stock is owned by insiders.

Newmont Price Performance

Shares of NEM opened at $108.58 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.17 and a current ratio of 2.44. The stock has a 50 day simple moving average of $113.57 and a 200 day simple moving average of $105.35. Newmont Corporation has a 52-week low of $48.27 and a 52-week high of $134.88. The firm has a market capitalization of $115.91 billion, a PE ratio of 14.08, a P/E/G ratio of 2.03 and a beta of 0.46.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.83. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same period in the previous year, the firm earned $1.25 EPS. Newmont's quarterly revenue was up 45.8% compared to the same quarter last year. Sell-side analysts predict that Newmont Corporation will post 9.47 EPS for the current fiscal year.

Newmont Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Wednesday, May 27th will be given a $0.26 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. Newmont's payout ratio is currently 13.49%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Scotiabank dropped their price objective on Newmont from $152.00 to $151.00 and set a "sector outperform" rating for the company in a report on Friday, March 20th. TD Cowen reissued a "buy" rating on shares of Newmont in a report on Monday. Wall Street Zen raised Newmont from a "hold" rating to a "buy" rating in a report on Saturday, April 25th. Zacks Research cut Newmont from a "strong-buy" rating to a "hold" rating in a report on Friday, April 3rd. Finally, BNP Paribas Exane boosted their price objective on Newmont from $123.00 to $128.00 and gave the stock a "neutral" rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Newmont presently has an average rating of "Moderate Buy" and a consensus price target of $142.51.

About Newmont

Newmont Corporation NYSE: NEM is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company's core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.

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