U.S. Capital Wealth Advisors LLC Reduces Stock Holdings in Newmont Corporation (NYSE:NEM)

U.S. Capital Wealth Advisors LLC cut its stake in shares of Newmont Corporation (NYSE:NEM - Free Report) by 42.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 244,379 shares of the basic materials company's stock after selling 182,145 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Newmont were worth $11,799,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEM. Norges Bank acquired a new position in shares of Newmont in the 4th quarter valued at about $626,074,000. Voloridge Investment Management LLC acquired a new position in shares of Newmont in the 4th quarter valued at about $92,693,000. Capital Research Global Investors lifted its stake in shares of Newmont by 70.7% in the 4th quarter. Capital Research Global Investors now owns 5,644,953 shares of the basic materials company's stock valued at $210,105,000 after purchasing an additional 2,338,953 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Newmont in the 4th quarter valued at about $76,281,000. Finally, Invesco Ltd. lifted its stake in shares of Newmont by 23.9% in the 4th quarter. Invesco Ltd. now owns 10,520,354 shares of the basic materials company's stock valued at $391,568,000 after purchasing an additional 2,028,150 shares during the period. 68.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was 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 of the company's stock, valued at $4,193,381.34. This represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of the company's stock in a transaction that occurred 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 owned 43,103 shares in the company, valued at approximately $2,532,301.25. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,231 shares of company stock valued at $679,813. 0.05% of the stock is currently owned by corporate insiders.

Newmont Stock Down 4.2%

NEM traded down $2.50 during midday trading on Tuesday, reaching $57.66. 14,732,121 shares of the company were exchanged, compared to its average volume of 10,630,804. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.70 and a current ratio of 1.98. The company's fifty day moving average price is $54.79 and its 200 day moving average price is $48.48. The company has a market cap of $64.18 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 0.76 and a beta of 0.33. Newmont Corporation has a one year low of $36.86 and a one year high of $60.31.

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 during 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 period in the previous year, the company posted $0.55 EPS. As a group, analysts expect that Newmont Corporation will post 3.45 EPS for the current 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Tuesday, May 27th. Newmont's dividend payout ratio is presently 22.42%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NEM shares. BMO Capital Markets reissued an "outperform" rating on shares of Newmont in a research note on Thursday, April 24th. Cfra Research raised Newmont to a "strong-buy" rating in a research note on Friday, April 25th. Argus set a $63.00 price target on Newmont in a research note on Friday, April 25th. Raymond James Financial reaffirmed an "outperform" rating and set a $66.00 price target on shares of Newmont in a research note on Friday, April 25th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $60.90 price target on shares of Newmont in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $60.35.

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.