Rakuten Securities Inc. Has $993,000 Holdings in Newmont Corporation (NYSE:NEM)

Rakuten Securities Inc. boosted its stake in Newmont Corporation (NYSE:NEM - Free Report) by 255.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,559 shares of the basic materials company's stock after acquiring an additional 14,779 shares during the quarter. Rakuten Securities Inc.'s holdings in Newmont were worth $993,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Ipswich Investment Management Co. Inc. lifted its position in Newmont by 1.4% in the 1st quarter. Ipswich Investment Management Co. Inc. now owns 14,269 shares of the basic materials company's stock valued at $689,000 after acquiring an additional 200 shares in the last quarter. SOA Wealth Advisors LLC. lifted its position in Newmont by 64.0% in the 1st quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 201 shares in the last quarter. HighPoint Advisor Group LLC lifted its position in Newmont by 3.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 5,992 shares of the basic materials company's stock valued at $223,000 after acquiring an additional 219 shares in the last quarter. Rothschild Investment LLC lifted its position in Newmont by 8.5% in the 1st quarter. Rothschild Investment LLC now owns 2,786 shares of the basic materials company's stock valued at $135,000 after acquiring an additional 219 shares in the last quarter. Finally, Keel Point LLC lifted its position in Newmont by 2.0% in the 4th quarter. Keel Point LLC now owns 14,774 shares of the basic materials company's stock valued at $550,000 after acquiring an additional 287 shares in the last quarter. 68.85% of the stock is owned by institutional investors.

Insider Buying and Selling at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $54.09, for a total transaction of $162,270.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of the 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 $112,344.93. Following the transaction, the director now owns 45,180 shares in the company, valued at approximately $2,443,786.20. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,154 shares of company stock valued at $381,539 in the last three months. 0.05% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NEM has been the topic of several analyst reports. UBS Group raised shares of Newmont from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $50.00 to $60.00 in a research report on Friday, April 11th. TD Securities cut their price target on shares of Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a research report on Wednesday, February 26th. Argus set a $63.00 price target on shares of Newmont in a research report on Friday, April 25th. BMO Capital Markets reissued an "outperform" rating on shares of Newmont in a research report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Newmont from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $57.68.

Newmont Stock Performance

Shares of NEM stock traded down $0.19 on Wednesday, reaching $58.33. The stock had a trading volume of 3,564,068 shares, compared to its average volume of 10,385,567. The company has a quick ratio of 1.70, a current ratio of 1.98 and a debt-to-equity ratio of 0.25. The firm's 50-day moving average is $53.45 and its two-hundred day moving average is $46.63. The firm has a market capitalization of $64.92 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 0.98 and a beta of 0.31. Newmont Corporation has a 12 month low of $36.86 and a 12 month high of $59.00.

Newmont (NYSE:NEM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.54. The company had revenue of $5.01 billion for the quarter, compared to analysts' expectations of $4.82 billion. Newmont had a net margin of 25.77% and a return on equity of 15.75%. During the same period in the prior year, the firm earned $0.55 EPS. On average, research analysts expect that Newmont Corporation 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 issued a $0.25 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.00 annualized dividend and a yield of 1.71%. Newmont's dividend payout ratio is currently 22.42%.

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.