Live Oak Private Wealth LLC Purchases 7,541 Shares of Newmont Corporation (NYSE:NEM)

Live Oak Private Wealth LLC increased its stake in Newmont Corporation (NYSE:NEM - Free Report) by 5.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 144,635 shares of the basic materials company's stock after purchasing an additional 7,541 shares during the quarter. Live Oak Private Wealth LLC's holdings in Newmont were worth $6,983,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NEM. Geode Capital Management LLC lifted its stake in shares of Newmont by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 24,697,779 shares of the basic materials company's stock valued at $919,484,000 after buying an additional 1,213,397 shares in the last quarter. Norges Bank bought a new stake in Newmont during the fourth quarter valued at about $626,074,000. Northern Trust Corp lifted its position in shares of Newmont by 11.5% in the fourth quarter. Northern Trust Corp now owns 12,742,155 shares of the basic materials company's stock valued at $474,263,000 after acquiring an additional 1,309,177 shares in the last quarter. Amundi boosted its stake in shares of Newmont by 14.0% in the fourth quarter. Amundi now owns 12,302,579 shares of the basic materials company's stock worth $481,400,000 after acquiring an additional 1,507,708 shares during the period. Finally, Invesco Ltd. grew its position in shares of Newmont by 23.9% during the fourth 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. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Newmont

In other news, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $51.48, for a total transaction of $106,923.96. Following the completion of the sale, the director now directly owns 47,257 shares of the company's stock, valued at approximately $2,432,790.36. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction dated 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 sale, the executive vice president now directly owns 77,526 shares of the company's stock, valued at approximately $4,193,381.34. This trade represents a 3.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,154 shares of company stock worth $381,539 over the last 90 days. Company insiders own 0.05% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. BMO Capital Markets reissued an "outperform" rating on shares of Newmont in a report on Thursday, April 24th. National Bankshares reissued a "sector perform" rating on shares of Newmont in a report on Wednesday, April 23rd. Royal Bank Of Canada upped their target price on shares of Newmont from $52.00 to $66.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. UBS Group upgraded shares of Newmont from a "neutral" rating to a "buy" rating and lifted their price target for the company from $50.00 to $60.00 in a report on Friday, April 11th. Finally, Argus set a $63.00 price objective on shares of Newmont in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.68.

Newmont Trading Down 2.3%

NEM traded down $1.34 during trading on Tuesday, reaching $58.12. The company had a trading volume of 14,888,288 shares, compared to its average volume of 10,504,207. 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 business has a 50 day simple moving average of $54.02 and a 200-day simple moving average of $47.23. The stock has a market cap of $64.69 billion, a P/E ratio of 13.03, a PEG ratio of 0.78 and a beta of 0.31. Newmont Corporation has a 52 week low of $36.86 and a 52 week high of $60.31.

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

Newmont Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.72%. The ex-dividend date was Tuesday, May 27th. Newmont's payout ratio is currently 22.42%.

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.