Newmont Corporation $NEM Stake Lifted by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Newmont Corporation (NYSE:NEM - Free Report) by 24.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 399,698 shares of the basic materials company's stock after buying an additional 79,331 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Newmont were worth $19,297,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NEM. Nuveen LLC bought a new position in Newmont during the 1st quarter worth $306,507,000. Pacer Advisors Inc. grew its stake in shares of Newmont by 4,203.5% in the first quarter. Pacer Advisors Inc. now owns 5,376,551 shares of the basic materials company's stock worth $259,580,000 after purchasing an additional 5,251,616 shares in the last quarter. Voloridge Investment Management LLC bought a new position in shares of Newmont in the fourth quarter worth $92,693,000. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Newmont by 1,074.8% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,411,264 shares of the basic materials company's stock worth $116,416,000 after purchasing an additional 2,206,017 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Newmont in the fourth quarter worth $75,435,000. 68.85% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $63.66, for a total transaction of $190,980.00. Following the transaction, the executive vice president owned 58,736 shares of the company's stock, valued at approximately $3,739,133.76. This represents a 4.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $74.59, for a total value of $154,923.43. Following the sale, the director owned 38,949 shares of the company's stock, valued at approximately $2,905,205.91. The trade was a 5.06% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,246 shares of company stock valued at $1,253,559. Insiders own 0.05% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Stifel Nicolaus assumed coverage on Newmont in a research note on Wednesday, July 9th. They issued a "buy" rating and a $73.00 price target for the company. Macquarie downgraded Newmont from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $60.90 target price on shares of Newmont in a report on Tuesday, July 8th. CIBC set a $74.00 price objective on Newmont and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Finally, National Bank Financial raised Newmont from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 25th. Four analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $65.15.

Newmont Stock Performance

Shares of NYSE NEM opened at $76.14 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.91 and a current ratio of 2.23. The firm has a market cap of $83.64 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 0.92 and a beta of 0.33. The business's 50-day simple moving average is $65.61 and its 200-day simple moving average is $56.06. Newmont Corporation has a 52 week low of $36.86 and a 52 week high of $77.30.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The basic materials company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.48. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $4.70 billion. Newmont had a return on equity of 17.86% and a net margin of 30.50%.The firm's revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 EPS. As a group, equities research analysts expect that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Thursday, September 4th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. Newmont's dividend payout ratio is currently 17.95%.

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.

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