Mn Services Vermogensbeheer B.V. Has $20.43 Million Stock Position in Newmont Co. (NYSE:NEM)

Mn Services Vermogensbeheer B.V. reduced its stake in Newmont Co. (NYSE:NEM - Free Report) by 7.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 423,180 shares of the basic materials company's stock after selling 36,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Newmont were worth $20,431,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NEM. SOA Wealth Advisors LLC. grew its position 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 period. Nexus Investment Management ULC bought a new position in Newmont during the 1st quarter worth approximately $31,000. Redwood Park Advisors LLC acquired a new position in Newmont during the fourth quarter valued at approximately $37,000. Promus Capital LLC bought a new stake in Newmont in the fourth quarter valued at approximately $38,000. Finally, Kestra Investment Management LLC bought a new stake in Newmont in the fourth quarter valued at approximately $43,000. Institutional investors own 68.85% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NEM. Wall Street Zen raised shares of Newmont from a "hold" rating to a "buy" rating in a report on Friday, May 30th. National Bank Financial upgraded Newmont to a "hold" rating in a report on Friday, March 21st. Scotiabank restated a "sector perform" rating on shares of Newmont in a report on Monday, April 14th. Raymond James reaffirmed an "outperform" rating and set a $66.00 price target on shares of Newmont in a research report on Friday, April 25th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Newmont in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $57.68.

Newmont Stock Performance

Shares of NEM opened at $57.87 on Monday. The stock has a market capitalization of $64.41 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 0.41 and a beta of 0.31. Newmont Co. has a 12 month low of $36.86 and a 12 month high of $58.72. The firm has a fifty day simple moving average of $53.00 and a 200 day simple moving average of $46.44. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30.

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 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 13.52% and a net margin of 17.92%. During the same quarter last year, the company earned $0.55 EPS. Research analysts forecast that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a yield of 1.73%. Newmont's dividend payout ratio is 22.42%.

Insiders Place Their Bets

In related news, Director Bruce R. Brook sold 2,077 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 value of $112,344.93. Following the completion of the transaction, the director now directly owns 45,180 shares of the company's stock, valued at approximately $2,443,786.20. This trade represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction 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 directly owns 77,526 shares in the company, valued at $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 have sold 7,154 shares of company stock valued at $381,539 in the last 90 days. 0.05% of the stock is currently owned by insiders.

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.

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