Duncker Streett & Co. Inc. Sells 4,397 Shares of Newmont Corporation (NYSE:NEM)

Duncker Streett & Co. Inc. decreased its holdings in Newmont Corporation (NYSE:NEM - Free Report) by 47.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,859 shares of the basic materials company's stock after selling 4,397 shares during the quarter. Duncker Streett & Co. Inc.'s holdings in Newmont were worth $235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new position in shares of Newmont during the fourth quarter worth approximately $626,074,000. Voloridge Investment Management LLC acquired a new position in Newmont in the 4th quarter valued at $92,693,000. Capital Research Global Investors lifted its position in shares of Newmont by 70.7% during the 4th quarter. Capital Research Global Investors now owns 5,644,953 shares of the basic materials company's stock valued at $210,105,000 after acquiring an additional 2,338,953 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Newmont during the 4th quarter valued at $76,281,000. Finally, Invesco Ltd. grew its holdings in shares of Newmont by 23.9% during the 4th quarter. Invesco Ltd. now owns 10,520,354 shares of the basic materials company's stock worth $391,568,000 after purchasing an additional 2,028,150 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company's stock.

Insider Activity

In other news, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $54.09, for a total value of $112,344.93. Following the transaction, the director now owns 45,180 shares in the company, valued at approximately $2,443,786.20. The trade was a 4.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $54.09, for a total transaction of $162,270.00. Following the transaction, the executive vice president now directly owns 77,526 shares of the company's stock, valued at $4,193,381.34. This represents a 3.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,154 shares of company stock valued at $381,539. Company insiders own 0.05% of the company's stock.

Newmont Trading Down 2.3%

NYSE:NEM traded down $1.34 during mid-day trading on Tuesday, hitting $58.12. 14,888,288 shares of the company's stock were exchanged, compared to its average volume of 10,504,207. The company has a current ratio of 1.98, a quick ratio of 1.70 and a debt-to-equity ratio of 0.25. Newmont Corporation has a fifty-two week low of $36.86 and a fifty-two week high of $60.31. The company has a 50 day simple moving average of $54.02 and a 200-day simple moving average of $47.23. The firm has a market capitalization of $64.69 billion, a P/E ratio of 13.03, a PEG ratio of 0.78 and a beta of 0.31.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.54. The company had revenue of $5.01 billion for the quarter, compared to analysts' expectations of $4.82 billion. Newmont had a net margin of 25.77% and a return on equity of 15.75%. During the same quarter in the previous year, the firm posted $0.55 earnings per share. As a group, research analysts expect that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.72%. Newmont's dividend payout ratio (DPR) is presently 22.42%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. BMO Capital Markets reaffirmed an "outperform" rating on shares of Newmont in a research note on Thursday, April 24th. Royal Bank Of Canada raised their target price on shares of Newmont from $52.00 to $66.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. Scotiabank reaffirmed a "sector perform" rating on shares of Newmont in a report on Monday, April 14th. Wall Street Zen upgraded shares of Newmont from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Raymond James Financial restated an "outperform" rating and set a $66.00 price objective on shares of Newmont in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $57.68.

Newmont Company 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.