4,931 Shares in Newmont Corporation (NYSE:NEM) Purchased by MFA Wealth Advisors LLC

MFA Wealth Advisors LLC bought a new position in Newmont Corporation (NYSE:NEM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,931 shares of the basic materials company's stock, valued at approximately $238,000.

Other large investors also recently modified their holdings of the company. SOA Wealth Advisors LLC. raised its position in Newmont by 64.0% in the 1st 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 last quarter. Nexus Investment Management ULC acquired a new stake in shares of Newmont in the 1st quarter valued at $31,000. Grove Bank & Trust raised its position in shares of Newmont by 84.0% during the first quarter. Grove Bank & Trust now owns 911 shares of the basic materials company's stock worth $44,000 after acquiring an additional 416 shares during the last quarter. Redwood Park Advisors LLC bought a new stake in shares of Newmont during the fourth quarter worth $37,000. Finally, CVA Family Office LLC lifted its stake in shares of Newmont by 54.1% during the first quarter. CVA Family Office LLC now owns 1,011 shares of the basic materials company's stock valued at $49,000 after acquiring an additional 355 shares during the period. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on NEM. National Bank Financial upgraded Newmont to a "hold" rating in a research report on Friday, March 21st. Royal Bank Of Canada lifted their price target 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. TD Securities cut their price objective on shares of Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a report on Wednesday, February 26th. UBS Group raised shares of Newmont from a "neutral" rating to a "buy" rating and raised their price objective for the company from $50.00 to $60.00 in a research note on Friday, April 11th. Finally, National Bankshares reiterated a "sector perform" rating on shares of Newmont in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $57.68.

Newmont Stock Down 0.4%

NYSE:NEM traded down $0.25 during trading hours on Wednesday, reaching $58.27. 11,459,063 shares of the stock were exchanged, compared to its average volume of 10,416,277. The stock has a market cap of $64.85 billion, a PE ratio of 13.06, a PEG ratio of 0.98 and a beta of 0.31. Newmont Corporation has a twelve month low of $36.86 and a twelve month high of $59.00. The firm has a 50 day moving average of $53.45 and a 200 day moving average of $46.63. 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 Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.54. Newmont had a net margin of 25.77% and a return on equity of 15.75%. The business had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. On average, equities analysts expect that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.00 annualized dividend and a yield of 1.72%. Newmont's dividend payout ratio (DPR) is presently 22.42%.

Insider Transactions at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $54.09, for a total transaction of $162,270.00. Following the sale, the executive vice president now owns 77,526 shares in the company, valued at $4,193,381.34. This represents a 3.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $54.09, for a total value of $112,344.93. Following the completion of the sale, the director now directly owns 45,180 shares of the company's stock, valued at approximately $2,443,786.20. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,154 shares of company stock worth $381,539 in the last three months. Insiders own 0.05% of the company's stock.

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.