Universal Beteiligungs und Servicegesellschaft mbH Has $96.62 Million Position in Newmont Corporation (NYSE:NEM)

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in shares of Newmont Corporation (NYSE:NEM - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,001,206 shares of the basic materials company's stock after selling 25,515 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.18% of Newmont worth $96,618,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. SOA Wealth Advisors LLC. increased its holdings in shares of 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 purchasing an additional 201 shares during the period. Cloud Capital Management LLC acquired a new position in Newmont in the 1st quarter valued at approximately $26,000. Private Trust Co. NA increased its stake in Newmont by 122.6% in the 1st quarter. Private Trust Co. NA now owns 630 shares of the basic materials company's stock valued at $30,000 after buying an additional 347 shares during the period. Nexus Investment Management ULC acquired a new position in shares of Newmont in the first quarter worth $31,000. Finally, Alpine Bank Wealth Management acquired a new position in Newmont in the 1st quarter worth about $32,000. Institutional investors and hedge funds own 68.85% of the company's stock.

Newmont Price Performance

NYSE:NEM traded up $1.94 on Tuesday, reaching $61.80. The stock had a trading volume of 9,358,499 shares, compared to its average volume of 10,859,930. The company has a market capitalization of $68.78 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 0.67 and a beta of 0.33. The company has a quick ratio of 1.70, a current ratio of 1.98 and a debt-to-equity ratio of 0.25. Newmont Corporation has a 1-year low of $36.86 and a 1-year high of $61.89. The stock has a fifty day moving average price of $55.83 and a 200-day moving average price of $49.80.

Newmont (NYSE:NEM - Get Free Report) last posted 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 company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.82 billion. Newmont had a return on equity of 15.75% and a net margin of 25.77%. During the same quarter in the previous year, the firm earned $0.55 earnings per share. Research analysts forecast that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.62%. Newmont's payout ratio is 22.42%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. CIBC increased their price target on shares of Newmont from $60.00 to $74.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Stifel Nicolaus began coverage on shares of Newmont in a research note on Wednesday, July 9th. They issued a "buy" rating and a $73.00 price objective on the stock. UBS Group raised their price target on shares of Newmont from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. The Goldman Sachs Group restated a "neutral" rating and issued a $60.90 price target on shares of Newmont in a research report on Tuesday, July 8th. Finally, Stifel Canada raised Newmont to a "strong-buy" rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $62.49.

Insider Buying and Selling

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $58.75, for a total transaction of $122,023.75. Following the transaction, the director directly owned 43,103 shares in the company, valued at approximately $2,532,301.25. This represents a 4.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $54.09, for a total value of $162,270.00. Following the completion of the transaction, the executive vice president directly owned 77,526 shares in the company, valued at approximately $4,193,381.34. This trade represents a 3.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,231 shares of company stock worth $679,813 over the last quarter. 0.05% of the stock is owned by company insiders.

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.