Stephens Inc. AR Acquires 11,630 Shares of Newmont Corporation (NYSE:NEM)

Stephens Inc. AR grew its holdings in Newmont Corporation (NYSE:NEM - Free Report) by 6.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,182 shares of the basic materials company's stock after acquiring an additional 11,630 shares during the period. Stephens Inc. AR's holdings in Newmont were worth $8,699,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. grew its position in Newmont by 64.0% in the first quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company's stock worth $25,000 after acquiring an additional 201 shares in the last quarter. Cloud Capital Management LLC bought a new stake in shares of Newmont during the 1st quarter worth $26,000. Private Trust Co. NA boosted its holdings in shares of Newmont by 122.6% during the 1st quarter. Private Trust Co. NA now owns 630 shares of the basic materials company's stock worth $30,000 after buying an additional 347 shares during the period. Nexus Investment Management ULC bought a new stake in shares of Newmont during the 1st quarter worth $31,000. Finally, Alpine Bank Wealth Management bought a new stake in shares of Newmont during the 1st quarter worth $32,000. 68.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on NEM shares. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $60.90 price objective on shares of Newmont in a report on Tuesday, July 8th. Cfra Research raised shares of Newmont to a "strong-buy" rating in a report on Friday, April 25th. Wall Street Zen upgraded shares of Newmont from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Argus set a $63.00 target price on shares of Newmont in a research note on Friday, April 25th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Newmont in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.45.

Newmont Stock Up 0.6%

Shares of NYSE:NEM opened at $60.12 on Monday. Newmont Corporation has a 12 month low of $36.86 and a 12 month high of $60.40. The company's 50-day moving average price is $55.34 and its two-hundred day moving average price is $49.06. 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 has a market cap of $66.91 billion, a P/E ratio of 13.48, a P/E/G ratio of 0.68 and a beta of 0.33.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.54. The firm had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.82 billion. Newmont had a net margin of 25.77% and a return on equity of 15.75%. During the same quarter in the prior year, the firm earned $0.55 EPS. As a group, research analysts forecast that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Dividend Announcement

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

Insider Activity

In other news, Director Bruce R. Brook sold 2,077 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $58.75, for a total value of $122,023.75. Following the transaction, the director owned 43,103 shares of the company's stock, valued at approximately $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 through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were 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 in the company, valued at $4,193,381.34. This trade represents a 3.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,231 shares of company stock worth $679,813 in the last ninety days. Insiders own 0.05% of the company's stock.

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.

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