Newmont Corporation $NEM Shares Acquired by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec increased its holdings in Newmont Corporation by 19.3%, acquiring an additional 32,216 shares to reach a total of 199,531 shares, valued at approximately $9.63 million.
• Insider sales at Newmont included 3,000 shares sold by EVP Peter Toth and 2,077 shares sold by Director Bruce R. Brook, both at an average price of $63.66 per share, indicating a decrease in their ownership.
• Newmont Corporation recently announced a quarterly dividend of $0.25 per share, with an annualized yield of 1.3% and a payout ratio of 17.95%.

Federation des caisses Desjardins du Quebec boosted its position in shares of Newmont Corporation (NYSE:NEM - Free Report) by 19.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 199,531 shares of the basic materials company's stock after acquiring an additional 32,216 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Newmont were worth $9,627,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NEM. Focus Partners Advisor Solutions LLC boosted its holdings in Newmont by 22.2% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 12,518 shares of the basic materials company's stock valued at $604,000 after acquiring an additional 2,270 shares during the period. Graham Capital Management L.P. bought a new stake in Newmont during the 1st quarter valued at $825,000. Retirement Planning Co of New England Inc. grew its holdings in shares of Newmont by 11.4% during the first quarter. Retirement Planning Co of New England Inc. now owns 14,710 shares of the basic materials company's stock valued at $710,000 after buying an additional 1,504 shares in the last quarter. DRW Securities LLC lifted its position in shares of Newmont by 1,294.5% during the 1st quarter. DRW Securities LLC now owns 106,710 shares of the basic materials company's stock worth $5,147,000 after purchasing an additional 99,058 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in Newmont by 25.6% during the 1st quarter. Baird Financial Group Inc. now owns 564,165 shares of the basic materials company's stock worth $27,238,000 after buying an additional 114,888 shares in the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on NEM. Raymond James Financial increased their price objective on Newmont from $67.00 to $69.00 and gave the company an "outperform" rating in a report on Monday, July 28th. BNP Paribas cut shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Thursday. The Goldman Sachs Group restated a "neutral" rating and set a $60.90 price target on shares of Newmont in a research report on Tuesday, July 8th. National Bankshares upgraded shares of Newmont from a "sector perform" rating to an "outperform" rating in a research report on Friday, July 25th. Finally, Wall Street Zen upgraded shares of Newmont from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Four analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $65.15.

Insider Buying and Selling at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $74.59, for a total transaction of $154,923.43. Following the completion of the transaction, the director owned 38,949 shares in the company, valued at approximately $2,905,205.91. This trade represents a 5.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brian Tabolt sold 7,015 shares of Newmont stock in a transaction on Wednesday, August 6th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,246 shares of company stock valued at $1,253,559 in the last ninety days. Company insiders own 0.05% of the company's stock.

Newmont Stock Down 0.4%

NEM traded down $0.33 during trading on Monday, hitting $75.84. 10,078,937 shares of the company's stock traded hands, compared to its average volume of 11,652,551. The company has a current ratio of 2.23, a quick ratio of 1.91 and a debt-to-equity ratio of 0.23. The company's 50 day simple moving average is $65.61 and its two-hundred day simple moving average is $56.06. The stock has a market capitalization of $83.30 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.92 and a beta of 0.33. Newmont Corporation has a 12-month low of $36.86 and a 12-month high of $77.30.

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

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Thursday, September 4th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, September 4th. Newmont's dividend payout ratio is currently 17.95%.

About Newmont

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.