Bruce R. Brook Sells 2,077 Shares of Newmont Co. (NYSE:NEM) Stock

Newmont Co. (NYSE:NEM - Get Free Report) Director Bruce R. Brook sold 2,077 shares of the firm'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 transaction of $112,344.93. Following the completion of the sale, the director now owns 45,180 shares in the company, valued at $2,443,786.20. This represents a 4.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Newmont Trading Down 3.2%

Shares of NYSE:NEM traded down $1.74 during trading on Friday, reaching $52.77. 7,449,659 shares of the company were exchanged, compared to its average volume of 10,209,966. Newmont Co. has a 12-month low of $36.86 and a 12-month high of $58.72. The firm has a market capitalization of $58.73 billion, a PE ratio of 17.98, a P/E/G ratio of 0.41 and a beta of 0.31. The business's fifty day simple moving average is $52.08 and its 200-day simple moving average is $45.91. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.54. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.82 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%. During the same period in the previous year, the firm posted $0.55 earnings per share. On average, research analysts anticipate that Newmont Co. will post 3.45 EPS for the current year.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, May 27th. Newmont's dividend payout ratio (DPR) is presently 22.42%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Argus set a $63.00 price target on shares of Newmont in a research note on Friday, April 25th. Wall Street Zen upgraded Newmont from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. TD Securities reduced their price target on Newmont from $46.00 to $45.00 and set a "hold" rating for the company in a research report on Wednesday, February 26th. National Bankshares restated a "sector perform" rating on shares of Newmont in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Newmont in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $57.68.

Institutional Trading of Newmont

A number of institutional investors and hedge funds have recently modified their holdings of NEM. SOA Wealth Advisors LLC. lifted its position in Newmont by 64.0% during the first quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company's stock worth $25,000 after buying an additional 201 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in shares of Newmont during the first quarter worth $26,000. Colonial Trust Advisors raised its position in Newmont by 315.4% in the 1st quarter. Colonial Trust Advisors now owns 565 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 429 shares in the last quarter. Private Trust Co. NA raised its holdings in Newmont by 122.6% in the first quarter. Private Trust Co. NA now owns 630 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 347 shares in the last quarter. Finally, Nexus Investment Management ULC purchased a new stake in shares of Newmont during the 1st quarter worth $31,000. Hedge funds and other institutional investors own 68.85% 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.