Newmont Corporation (NYSE:NEM) Stock Holdings Lifted by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lifted its position in shares of Newmont Corporation (NYSE:NEM - Free Report) by 1.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 555,781 shares of the basic materials company's stock after buying an additional 6,500 shares during the period. KLP Kapitalforvaltning AS's holdings in Newmont were worth $26,833,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. SOA Wealth Advisors LLC. raised its stake in Newmont by 64.0% during the first quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company's stock worth $25,000 after purchasing an additional 201 shares during the period. Cloud Capital Management LLC purchased a new position in Newmont during the first quarter worth approximately $26,000. Private Trust Co. NA raised its stake in Newmont by 122.6% during the first quarter. Private Trust Co. NA now owns 630 shares of the basic materials company's stock worth $30,000 after purchasing an additional 347 shares during the period. Nexus Investment Management ULC purchased a new position in Newmont during the first quarter worth approximately $31,000. Finally, Alpine Bank Wealth Management purchased a new position in Newmont during the first quarter worth approximately $32,000. Hedge funds and other institutional investors own 68.85% of the company's stock.

Newmont Stock Up 0.2%

NEM traded up $0.15 during trading hours on Thursday, reaching $61.57. 13,097,072 shares of the stock traded hands, compared to its average volume of 12,121,975. The firm's fifty day simple moving average is $56.50 and its two-hundred day simple moving average is $50.11. The company has a market cap of $68.52 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.92 and a beta of 0.33. Newmont Corporation has a fifty-two week low of $36.86 and a fifty-two week high of $62.56. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.98 and a quick ratio of 1.70.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings data 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 25.77% and a return on equity of 15.75%. As a group, analysts forecast that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $54.09, for a total transaction of $162,270.00. Following the completion of the transaction, the executive vice president directly owned 77,526 shares of the company's stock, valued at $4,193,381.34. This trade represents a 3.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $58.75, for a total transaction of $122,023.75. Following the transaction, the director directly owned 43,103 shares of the company's stock, valued at approximately $2,532,301.25. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,231 shares of company stock valued at $679,813. 0.05% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NEM has been the topic of a number of research reports. Raymond James Financial reissued an "outperform" rating and issued a $66.00 target price on shares of Newmont in a research note on Friday, April 25th. CIBC set a $74.00 target price on shares of Newmont and gave the company a "neutral" rating in a research note on Tuesday, July 15th. 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 research note on Wednesday, June 4th. Argus set a $63.00 target price on shares of Newmont in a research note on Friday, April 25th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $60.90 target price on shares of Newmont in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Newmont currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.49.

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.