Newmont Corporation (NYSE:NEM) Stake Raised by Financial Sense Advisors Inc.

Financial Sense Advisors Inc. raised its stake in shares of Newmont Corporation (NYSE:NEM - Free Report) by 136.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 272,700 shares of the basic materials company's stock after purchasing an additional 157,443 shares during the period. Newmont accounts for about 3.7% of Financial Sense Advisors Inc.'s investment portfolio, making the stock its 8th biggest holding. Financial Sense Advisors Inc.'s holdings in Newmont were worth $13,166,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the business. Brighton Jones LLC lifted its position in shares of Newmont by 15.7% in the 4th quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company's stock worth $506,000 after purchasing an additional 1,847 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Newmont by 773.7% during the 4th quarter. Teacher Retirement System of Texas now owns 67,461 shares of the basic materials company's stock worth $2,511,000 after purchasing an additional 59,740 shares during the last quarter. Magnetar Financial LLC bought a new stake in Newmont during the fourth quarter valued at about $205,000. Summit Global Investments grew its stake in Newmont by 14.4% in the fourth quarter. Summit Global Investments now owns 8,657 shares of the basic materials company's stock valued at $322,000 after purchasing an additional 1,092 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its holdings in Newmont by 45.0% in the fourth quarter. Mizuho Securities USA LLC now owns 107,899 shares of the basic materials company's stock worth $4,016,000 after purchasing an additional 33,494 shares in the last quarter. Institutional investors own 68.85% of the company's stock.

Newmont Price Performance

Shares of NEM traded up $1.94 during midday trading on Tuesday, hitting $61.80. The company's stock had a trading volume of 9,358,499 shares, compared to its average volume of 10,859,930. Newmont Corporation has a one year low of $36.86 and a one year high of $61.89. The company has a quick ratio of 1.70, a current ratio of 1.98 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $68.78 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 0.67 and a beta of 0.33. The company's fifty day simple moving average is $55.83 and its two-hundred day simple moving average is $49.80.

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

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, May 27th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Tuesday, May 27th. Newmont's dividend payout ratio is currently 22.42%.

Analyst Ratings Changes

Several research firms recently issued reports on NEM. National Bankshares reiterated a "sector perform" rating on shares of Newmont in a research note on Tuesday, June 24th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $60.90 target price on shares of Newmont in a research note on Tuesday, July 8th. Raymond James Financial reissued an "outperform" rating and set a $66.00 price objective on shares of Newmont in a research report on Friday, April 25th. Argus set a $63.00 price target on shares of Newmont in a research note on Friday, April 25th. Finally, Royal Bank Of Canada increased their price objective on shares of Newmont from $52.00 to $66.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $62.49.

Insider Activity at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $58.75, for a total value of $122,023.75. Following the transaction, the director owned 43,103 shares in the company, valued at approximately $2,532,301.25. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $58.75, for a total value of $176,250.00. Following the completion of the sale, the executive vice president directly owned 74,526 shares in the company, valued at approximately $4,378,402.50. The trade was a 3.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,231 shares of company stock valued at $679,813. 0.05% of the stock is owned by insiders.

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.