Union Bancaire Privee UBP SA Has $841,000 Stock Holdings in Newmont Co. (NYSE:NEM)

Union Bancaire Privee UBP SA lowered its holdings in Newmont Co. (NYSE:NEM - Free Report) by 90.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,054 shares of the basic materials company's stock after selling 189,823 shares during the period. Union Bancaire Privee UBP SA's holdings in Newmont were worth $841,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in Newmont by 15.7% during the 4th quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company's stock valued at $506,000 after purchasing an additional 1,847 shares during the period. Entropy Technologies LP acquired a new stake in Newmont in the fourth quarter worth $290,000. Kestra Private Wealth Services LLC lifted its stake in Newmont by 5.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 40,429 shares of the basic materials company's stock valued at $1,505,000 after buying an additional 1,925 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of Newmont by 29.6% during the fourth quarter. Savant Capital LLC now owns 14,411 shares of the basic materials company's stock valued at $536,000 after acquiring an additional 3,292 shares during the period. Finally, Avidian Wealth Enterprises LLC boosted its holdings in shares of Newmont by 3.9% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 14,807 shares of the basic materials company's stock valued at $551,000 after acquiring an additional 554 shares during the period. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Newmont Price Performance

NYSE NEM traded up $1.95 on Friday, reaching $57.87. 19,673,056 shares of the stock traded hands, compared to its average volume of 10,352,509. Newmont Co. has a 12 month low of $36.86 and a 12 month high of $58.72. The company has a market cap of $64.41 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 0.41 and a beta of 0.31. The firm's fifty day simple moving average is $52.74 and its 200 day simple moving average is $46.27. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30.

Newmont (NYSE:NEM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, beating the consensus estimate of $0.71 by $0.54. The business had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.82 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%. During the same period in the prior year, the business earned $0.55 earnings per share. As a group, research analysts predict that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Dividend Announcement

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

Wall Street Analysts Forecast Growth

NEM has been the topic of a number of analyst reports. Argus set a $63.00 price objective on shares of Newmont in a report on Friday, April 25th. TD Securities decreased their target price on shares of Newmont from $46.00 to $45.00 and set a "hold" rating for the company in a research report on Wednesday, February 26th. BMO Capital Markets restated an "outperform" rating on shares of Newmont in a research note on Thursday, April 24th. Royal Bank of Canada boosted their price objective on Newmont from $52.00 to $66.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Finally, Scotiabank reissued a "sector perform" rating on shares of Newmont in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Newmont presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.68.

Insider Buying and Selling

In related news, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $51.48, for a total value of $106,923.96. Following the completion of the transaction, the director now owns 47,257 shares in the company, valued at $2,432,790.36. This trade represents a 4.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $54.09, for a total value of $162,270.00. Following the sale, the executive vice president now owns 77,526 shares in the company, valued at approximately $4,193,381.34. The trade was a 3.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,154 shares of company stock worth $381,539 in the last three months. 0.05% of the stock is currently owned by insiders.

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.