Newmont Corporation (NYSE:NEM) Shares Bought by Mather Group LLC.

Mather Group LLC. increased its position in shares of Newmont Corporation (NYSE:NEM - Free Report) by 37.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,967 shares of the basic materials company's stock after purchasing an additional 12,494 shares during the quarter. Mather Group LLC.'s holdings in Newmont were worth $2,219,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. SOA Wealth Advisors LLC. raised its stake in shares of Newmont by 64.0% during the 1st quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company's stock worth $25,000 after buying an additional 201 shares during the last quarter. Nexus Investment Management ULC purchased a new position in Newmont during the 1st quarter valued at about $31,000. Alpine Bank Wealth Management acquired a new position in Newmont during the first quarter worth about $32,000. Redwood Park Advisors LLC acquired a new position in Newmont during the fourth quarter worth about $37,000. Finally, Promus Capital LLC acquired a new stake in shares of Newmont in the fourth quarter valued at approximately $38,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred 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 transaction, the executive vice president directly owned 77,526 shares of the company's stock, valued at $4,193,381.34. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction that occurred 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 sale, the director 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 90 days, insiders sold 12,231 shares of company stock worth $679,813. Company insiders own 0.05% of the company's stock.

Newmont Trading Down 0.3%

NEM stock traded down $0.20 on Thursday, hitting $59.86. 5,387,327 shares of the company were exchanged, compared to its average volume of 10,602,512. 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 price-to-earnings-growth ratio of 0.79 and a beta of 0.33. Newmont Corporation has a twelve month low of $36.86 and a twelve month high of $60.31. The business's fifty day moving average is $54.47 and its two-hundred day moving average is $47.90.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings data 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 net margin of 25.77% and a return on equity of 15.75%. During the same period in the previous year, the company earned $0.55 EPS. As a group, research analysts forecast that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NEM shares. National Bankshares reissued a "sector perform" rating on shares of Newmont in a research note on Tuesday, June 24th. Cfra Research raised Newmont to a "strong-buy" rating in a research report on Friday, April 25th. UBS Group upped their price objective on Newmont from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday. National Bank Financial raised Newmont to a "hold" rating in a research note on Friday, March 21st. Finally, Royal Bank Of Canada boosted 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.11.

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.