Waverton Investment Management Ltd Has $32.21 Million Stock Holdings in Newmont Corporation (NYSE:NEM)

Waverton Investment Management Ltd increased its stake in Newmont Corporation (NYSE:NEM - Free Report) by 29.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 667,362 shares of the basic materials company's stock after purchasing an additional 150,937 shares during the quarter. Waverton Investment Management Ltd owned approximately 0.06% of Newmont worth $32,210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. SOA Wealth Advisors LLC. raised its holdings in shares of Newmont by 64.0% during the first 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 during the period. Nexus Investment Management ULC purchased a new position in Newmont during the 1st quarter worth approximately $31,000. Alpine Bank Wealth Management acquired a new stake in Newmont during the 1st quarter valued at $32,000. Redwood Park Advisors LLC purchased a new stake in shares of Newmont in the fourth quarter valued at $37,000. Finally, Promus Capital LLC acquired a new stake in shares of Newmont in the fourth quarter worth $38,000. Institutional investors and hedge funds own 68.85% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NEM. Scotiabank reiterated a "sector perform" rating on shares of Newmont in a report on Monday, April 14th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Newmont in a research report on Thursday, April 24th. Royal Bank Of Canada boosted their price target on Newmont from $52.00 to $66.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. National Bank Financial raised shares of Newmont to a "hold" rating in a research report on Friday, March 21st. Finally, Wall Street Zen upgraded Newmont from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Newmont currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.38.

Insider Buying and Selling

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction 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 sale, the executive vice president now directly owns 77,526 shares of the company's stock, valued at approximately $4,193,381.34. This trade represents a 3.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $51.48, for a total value of $106,923.96. Following the transaction, the director now directly owns 47,257 shares in the company, valued at $2,432,790.36. This trade represents a 4.21% 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 worth $381,539 in the last 90 days. Corporate insiders own 0.05% of the company's stock.

Newmont Stock Up 2.0%

Shares of NYSE NEM opened at $59.20 on Friday. 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 stock has a market cap of $65.89 billion, a PE ratio of 13.27, a PEG ratio of 0.76 and a beta of 0.31. Newmont Corporation has a 52-week low of $36.86 and a 52-week high of $60.31. The business has a fifty day moving average of $54.15 and a two-hundred day moving average of $47.43.

Newmont (NYSE:NEM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, topping the consensus estimate of $0.71 by $0.54. The business had revenue of $5.01 billion for the quarter, compared to the consensus estimate 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 business earned $0.55 EPS. As a group, equities research analysts expect that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

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. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.69%. Newmont's dividend payout ratio (DPR) is presently 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.

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