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

Newmont Corporation (NYSE:NEM - Get Free Report) Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $58.75, for a total transaction of $122,023.75. Following the completion of the sale, the director owned 43,103 shares of the company's stock, valued at $2,532,301.25. This trade represents a 4.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Newmont Trading Down 0.3%

NEM traded down $0.20 during midday trading on Friday, hitting $59.86. 5,387,327 shares of the company were exchanged, compared to its average volume of 10,603,525. The firm's 50 day moving average price is $54.67 and its 200-day moving average price is $48.25. Newmont Corporation has a 1-year low of $36.86 and a 1-year high of $60.31. The firm has a market capitalization of $66.62 billion, a P/E ratio of 13.42, a P/E/G ratio of 0.79 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 (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 period in the previous year, the firm earned $0.55 earnings per share. As a group, equities analysts forecast that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, May 27th were issued a $0.25 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $1.00 annualized dividend and a yield of 1.67%. Newmont's payout ratio is 22.42%.

Analyst Ratings Changes

Several brokerages have recently issued reports on NEM. UBS Group lifted their price target on Newmont from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday. National Bank Financial raised Newmont to a "hold" rating in a research note on Friday, March 21st. National Bankshares reissued a "sector perform" rating on shares of Newmont in a research note on Tuesday, June 24th. Argus set a $63.00 price target on shares of Newmont in a report on Friday, April 25th. Finally, Cfra Research raised shares of Newmont to a "strong-buy" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $59.11.

Institutional Trading of Newmont

A number of institutional investors have recently bought and sold shares of NEM. Brighton Jones LLC boosted its position in shares of Newmont by 15.7% during the 4th quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company's stock valued at $506,000 after purchasing an additional 1,847 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Newmont during the 4th quarter worth approximately $3,956,000. SVB Wealth LLC acquired a new stake in shares of Newmont during the 4th quarter worth approximately $417,000. Smartleaf Asset Management LLC increased its stake in shares of Newmont by 22.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,495 shares of the basic materials company's stock valued at $129,000 after acquiring an additional 646 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Newmont by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,850,404 shares of the basic materials company's stock valued at $254,972,000 after acquiring an additional 92,354 shares during the period. 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.