Newmont Corporation (NYSE:NEM) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its stake in Newmont Corporation (NYSE:NEM - Free Report) by 54.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,161 shares of the basic materials company's stock after selling 90,830 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Newmont were worth $3,629,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Newmont by 15.7% in the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company's stock valued at $506,000 after acquiring an additional 1,847 shares during the period. Proficio Capital Partners LLC acquired a new position in Newmont during the 4th quarter valued at $3,956,000. SVB Wealth LLC bought a new stake in Newmont in the 4th quarter valued at $417,000. Duncker Streett & Co. Inc. grew its position in Newmont by 75.2% in the 4th quarter. Duncker Streett & Co. Inc. now owns 9,256 shares of the basic materials company's stock worth $345,000 after purchasing an additional 3,972 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Newmont by 22.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,495 shares of the basic materials company's stock worth $129,000 after purchasing an additional 646 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company's stock.

Newmont Trading Up 1.0%

NEM stock traded up $0.56 during trading on Tuesday, hitting $58.82. 10,555,081 shares of the company traded hands, compared to its average volume of 12,116,883. The firm has a market capitalization of $65.47 billion, a PE ratio of 13.19, a P/E/G ratio of 0.75 and a beta of 0.31. The company has a 50-day moving average of $54.24 and a 200-day moving average of $47.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.70 and a current ratio of 1.98. Newmont Corporation has a 1 year low of $36.86 and a 1 year high of $60.31.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.54. Newmont had a net margin of 25.77% and a return on equity of 15.75%. The company 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 business posted $0.55 EPS. Analysts predict that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, May 27th. This represents a $1.00 annualized dividend and a yield of 1.70%. Newmont's payout ratio is currently 22.42%.

Insider Buying and Selling at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $54.09, for a total value of $112,344.93. Following the completion of the sale, the director directly owned 45,180 shares of the company's stock, valued at $2,443,786.20. The trade was a 4.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 77,526 shares of the company's stock, valued at approximately $4,193,381.34. This represents 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 valued at $381,539 over the last ninety days. 0.05% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NEM has been the subject of a number of recent research reports. National Bank Financial upgraded Newmont to a "hold" rating in a research note on Friday, March 21st. Scotiabank restated a "sector perform" rating on shares of Newmont in a research note on Monday, April 14th. UBS Group upgraded shares of Newmont from a "neutral" rating to a "buy" rating and lifted their target price for the company from $50.00 to $60.00 in a research report on Friday, April 11th. Cfra Research raised shares of Newmont to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Raymond James Financial restated an "outperform" rating and set a $66.00 price target on shares of Newmont in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $58.38.

About Newmont

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.