Keybank National Association OH Grows Position in Newmont Corporation (NYSE:NEM)

Keybank National Association OH raised its stake in Newmont Corporation (NYSE:NEM - Free Report) by 28.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,034,293 shares of the basic materials company's stock after acquiring an additional 226,215 shares during the quarter. Keybank National Association OH owned approximately 0.09% of Newmont worth $49,936,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. DAVENPORT & Co LLC lifted its holdings in Newmont by 2.1% in the first quarter. DAVENPORT & Co LLC now owns 47,410 shares of the basic materials company's stock valued at $2,289,000 after acquiring an additional 961 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Newmont by 6.7% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 167,969 shares of the basic materials company's stock worth $8,110,000 after buying an additional 10,520 shares during the period. Mather Group LLC. raised its stake in shares of Newmont by 37.3% during the 1st quarter. Mather Group LLC. now owns 45,967 shares of the basic materials company's stock worth $2,219,000 after buying an additional 12,494 shares during the period. Perissos Private Wealth Management LLC acquired a new position in shares of Newmont during the 1st quarter worth approximately $414,000. Finally, DiNuzzo Private Wealth Inc. raised its stake in shares of Newmont by 83,355.6% during the 1st quarter. DiNuzzo Private Wealth Inc. now owns 60,088 shares of the basic materials company's stock worth $2,901,000 after buying an additional 60,016 shares during the period. 68.85% of the stock is owned by institutional investors and hedge funds.

Newmont Price Performance

NYSE NEM traded down $0.20 during mid-day trading on Thursday, hitting $59.86. The stock had a trading volume of 5,387,327 shares, compared to its average volume of 10,602,512. The firm's 50 day moving average is $54.55 and its 200 day moving average is $48.03. Newmont Corporation has a twelve month low of $36.86 and a twelve month high of $60.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.98 and a quick ratio of 1.70. The stock has a market capitalization of $66.62 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 0.79 and a beta of 0.33.

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, beating the consensus estimate of $0.71 by $0.54. The company had revenue of $5.01 billion during the quarter, compared to analysts' expectations of $4.82 billion. Newmont had a return on equity of 15.75% and a net margin of 25.77%. During the same period in the prior year, the business earned $0.55 EPS. Equities research analysts forecast that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Tuesday, May 27th. Newmont's payout ratio is currently 22.42%.

Analyst Ratings Changes

Several brokerages have recently weighed in on NEM. BMO Capital Markets reaffirmed an "outperform" rating on shares of Newmont in a research note on Thursday, April 24th. Cfra Research raised Newmont to a "strong-buy" rating in a research note on Friday, April 25th. Argus set a $63.00 target price on Newmont in a research note on Friday, April 25th. National Bank Financial raised Newmont to a "hold" rating in a research note on Friday, March 21st. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $66.00 target price on shares of Newmont in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $59.11.

Insider Buying and Selling at Newmont

In other Newmont news, 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 $4,378,402.50. This represents a 3.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $58.75, for a total value of $122,023.75. Following the completion of the sale, the director owned 43,103 shares of the company's stock, valued at approximately $2,532,301.25. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,231 shares of company stock valued at $679,813. 0.05% of the stock is owned by company insiders.

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.