Nisa Investment Advisors LLC Sells 6,243 Shares of Newmont Corporation (NYSE:NEM)

Nisa Investment Advisors LLC lessened its stake in Newmont Corporation (NYSE:NEM - Free Report) by 5.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,744 shares of the basic materials company's stock after selling 6,243 shares during the quarter. Nisa Investment Advisors LLC's holdings in Newmont were worth $5,492,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in Newmont by 15.7% during the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company's stock worth $506,000 after purchasing an additional 1,847 shares during the last quarter. Assetmark Inc. lifted its position in shares of Newmont by 185.9% during the 4th quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company's stock worth $47,000 after buying an additional 820 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Newmont in the 4th quarter worth approximately $3,956,000. Raymond James Financial Inc. bought a new position in shares of Newmont in the fourth quarter valued at approximately $35,117,000. Finally, Independent Advisor Alliance increased its position in shares of Newmont by 19.0% during the fourth quarter. Independent Advisor Alliance now owns 13,103 shares of the basic materials company's stock valued at $488,000 after acquiring an additional 2,091 shares during the last quarter. Institutional investors own 68.85% of the company's stock.

Insider Buying and Selling

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $58.75, for a total value of $122,023.75. Following the completion of the transaction, the director directly owned 43,103 shares of the company's stock, valued at $2,532,301.25. This trade represents a 4.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $58.75, for a total value of $176,250.00. Following the completion of the sale, the executive vice president owned 74,526 shares in the company, valued at $4,378,402.50. This trade represents a 3.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,231 shares of company stock worth $679,813 in the last ninety days. 0.05% of the stock is currently owned by insiders.

Newmont Price Performance

Newmont stock opened at $60.12 on Friday. The firm has a market capitalization of $66.91 billion, a P/E ratio of 13.48, a PEG ratio of 0.68 and a beta of 0.33. Newmont Corporation has a one year low of $36.86 and a one year high of $60.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.98 and a quick ratio of 1.70. The business has a fifty day moving average price of $55.34 and a 200-day moving average price of $48.91.

Newmont (NYSE:NEM - Get Free Report) last issued its 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 15.75% and a net margin of 25.77%. The business had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the company earned $0.55 EPS. As a group, equities research analysts forecast that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, May 27th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Tuesday, May 27th. Newmont's dividend payout ratio (DPR) is presently 22.42%.

Analyst Ratings Changes

Several research firms have weighed in on NEM. The Goldman Sachs Group reissued a "neutral" rating and issued a $60.90 price objective on shares of Newmont in a research report on Tuesday. UBS Group boosted their price target on shares of Newmont from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. BMO Capital Markets restated an "outperform" rating on shares of Newmont in a report on Thursday, April 24th. Stifel Nicolaus began coverage on shares of Newmont in a research report on Wednesday. They issued a "buy" rating and a $73.00 price objective on the stock. Finally, Scotiabank reiterated a "sector perform" rating on shares of Newmont in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Newmont currently has a consensus rating of "Moderate Buy" and an average price target of $61.45.

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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