Commonwealth Equity Services LLC Has $21.34 Million Holdings in Newmont Corporation (NYSE:NEM)

Commonwealth Equity Services LLC grew its holdings in Newmont Corporation (NYSE:NEM - Free Report) by 10.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 441,937 shares of the basic materials company's stock after acquiring an additional 42,293 shares during the period. Commonwealth Equity Services LLC's holdings in Newmont were worth $21,337,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NEM. Brighton Jones LLC lifted its stake in shares of Newmont by 15.7% in the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company's stock worth $506,000 after buying an additional 1,847 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Newmont by 1.6% in the fourth quarter. Wellington Management Group LLP now owns 181,110 shares of the basic materials company's stock worth $6,741,000 after buying an additional 2,877 shares during the last quarter. Wedbush Securities Inc. lifted its stake in shares of Newmont by 70.8% in the fourth quarter. Wedbush Securities Inc. now owns 14,229 shares of the basic materials company's stock worth $530,000 after buying an additional 5,899 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Newmont by 20.4% in the fourth quarter. Cerity Partners LLC now owns 70,450 shares of the basic materials company's stock worth $2,622,000 after buying an additional 11,915 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Newmont by 23.9% in the fourth quarter. Invesco Ltd. now owns 10,520,354 shares of the basic materials company's stock worth $391,568,000 after buying an additional 2,028,150 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Newmont Price Performance

Shares of NEM traded up $1.02 during trading hours on Thursday, hitting $68.94. The stock had a trading volume of 9,167,264 shares, compared to its average volume of 12,880,928. The company's fifty day moving average is $59.25 and its two-hundred day moving average is $51.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.23 and a quick ratio of 1.91. Newmont Corporation has a 52 week low of $36.86 and a 52 week high of $69.31. The stock has a market capitalization of $75.73 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 0.83 and a beta of 0.30.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results on Thursday, July 24th. The basic materials company reported $1.43 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $4.70 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The firm's quarterly revenue was up 20.8% compared to the same quarter last year. On average, analysts anticipate that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Announces Dividend

The firm also recently announced 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. The ex-dividend date is Thursday, September 4th. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. Newmont's dividend payout ratio is presently 17.95%.

Insider Transactions at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $63.66, for a total transaction of $132,221.82. Following the transaction, the director directly owned 41,026 shares in the company, valued at approximately $2,611,715.16. This represents a 4.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $54.09, for a total transaction of $162,270.00. Following the transaction, the executive vice president owned 77,526 shares in the company, valued at approximately $4,193,381.34. The trade was a 3.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,231 shares of company stock worth $896,091. Corporate insiders own 0.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Scotiabank boosted their price objective on shares of Newmont from $69.00 to $72.00 and gave the stock a "sector perform" rating in a research note on Monday, July 28th. Stifel Nicolaus started 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. National Bank Financial upgraded shares of Newmont from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 25th. Argus set a $63.00 target price on shares of Newmont in a research note on Friday, April 25th. Finally, Royal Bank Of Canada upped their target price on shares of Newmont from $52.00 to $66.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.