Newmont Co. (NYSE:NEM) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC lowered its holdings in Newmont Co. (NYSE:NEM - Free Report) by 10.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,834 shares of the basic materials company's stock after selling 4,784 shares during the period. Intellectus Partners LLC's holdings in Newmont were worth $1,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NEM. Norges Bank purchased a new stake in shares of Newmont in the fourth quarter valued at $626,074,000. Voloridge Investment Management LLC purchased a new stake in shares of Newmont in the fourth quarter valued at $92,693,000. Capital Research Global Investors grew its position in shares of Newmont by 70.7% in the fourth quarter. Capital Research Global Investors now owns 5,644,953 shares of the basic materials company's stock valued at $210,105,000 after purchasing an additional 2,338,953 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Newmont in the fourth quarter valued at $76,281,000. Finally, Invesco Ltd. grew its position in shares of Newmont by 23.9% in the fourth quarter. Invesco Ltd. now owns 10,520,354 shares of the basic materials company's stock valued at $391,568,000 after purchasing an additional 2,028,150 shares during the period. Hedge funds and other institutional investors own 68.85% of the company's stock.

Insider Buying and Selling

In other Newmont 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Bruce R. Brook sold 2,077 shares of the company's 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 sale, the director now owns 45,180 shares in the company, valued at $2,443,786.20. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,154 shares of company stock worth $381,539. 0.05% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Scotiabank reissued a "sector perform" rating on shares of Newmont in a research report on Monday, April 14th. National Bank Financial raised Newmont to a "hold" rating in a research report on Friday, March 21st. Argus set a $63.00 price target on Newmont in a research report on Friday, April 25th. Raymond James reissued an "outperform" rating and set a $66.00 price target on shares of Newmont in a research report on Friday, April 25th. Finally, National Bankshares reissued a "sector perform" rating on shares of Newmont in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Newmont presently has an average rating of "Moderate Buy" and an average target price of $57.68.

Newmont Price Performance

Shares of NYSE NEM opened at $54.46 on Friday. Newmont Co. has a 1-year low of $36.86 and a 1-year high of $58.72. The business has a 50-day moving average of $52.08 and a 200-day moving average of $45.91. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. The company has a market capitalization of $60.61 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 0.41 and a beta of 0.31.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, topping the consensus estimate of $0.71 by $0.54. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The business had revenue of $5.01 billion for the quarter, compared to analysts' expectations of $4.82 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. On average, equities analysts anticipate that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Tuesday, May 27th. Newmont's dividend payout ratio (DPR) is 22.42%.

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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