Newmont Co. (NYSE:NEM) EVP Sells $162,270.00 in Stock

Newmont Co. (NYSE:NEM - Get Free Report) EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 77,526 shares of the company's stock, valued at $4,193,381.34. The trade was a 3.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Newmont Trading Down 3.2%

NYSE:NEM traded down $1.74 during trading hours on Friday, reaching $52.77. 7,849,733 shares of the stock were exchanged, compared to its average volume of 10,211,927. Newmont Co. has a twelve month low of $36.86 and a twelve month high of $58.72. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average of $52.08 and a two-hundred day moving average of $45.91. The company has a market capitalization of $58.73 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 0.41 and a beta of 0.31.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share (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 the consensus estimate of $4.82 billion. Newmont had a return on equity of 13.52% and a net margin of 17.92%. During the same quarter last year, the business posted $0.55 EPS. On average, equities analysts predict that Newmont Co. will post 3.45 EPS for the current year.

Newmont Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.90%. The ex-dividend date is Tuesday, May 27th. Newmont's payout ratio is currently 22.42%.

Institutional Trading of Newmont

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hemington Wealth Management increased its stake in Newmont by 25.2% in the first quarter. Hemington Wealth Management now owns 965 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 194 shares during the last quarter. Ipswich Investment Management Co. Inc. lifted its position in Newmont by 1.4% during the first quarter. Ipswich Investment Management Co. Inc. now owns 14,269 shares of the basic materials company's stock valued at $689,000 after buying an additional 200 shares in the last quarter. SOA Wealth Advisors LLC. grew its stake 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 during the period. HighPoint Advisor Group LLC increased its position in shares of Newmont by 3.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 5,992 shares of the basic materials company's stock worth $223,000 after acquiring an additional 219 shares in the last quarter. Finally, Rothschild Investment LLC grew its position in Newmont by 8.5% in the first quarter. Rothschild Investment LLC now owns 2,786 shares of the basic materials company's stock valued at $135,000 after acquiring an additional 219 shares in the last quarter. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Newmont from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Royal Bank of Canada lifted their price objective on Newmont from $52.00 to $66.00 and gave the stock a "sector perform" rating in a research report on Wednesday. Scotiabank reissued a "sector perform" rating on shares of Newmont in a research note on Monday, April 14th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Newmont in a research note on Thursday, April 24th. Finally, TD Securities reduced their price target on Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $57.68.

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.