5,144 Shares in Newmont Corporation $NEM Purchased by Ewa LLC

Ewa LLC acquired a new position in shares of Newmont Corporation (NYSE:NEM) during the 2nd quarter, HoldingsChannel reports. The firm acquired 5,144 shares of the basic materials company’s stock, valued at approximately $300,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. raised 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 acquiring an additional 201 shares during the period. Cloud Capital Management LLC acquired a new stake in Newmont during the first quarter worth about $26,000. Colonial Trust Advisors raised its stake in Newmont by 315.4% during the first quarter. Colonial Trust Advisors now owns 565 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 429 shares during the period. Financial Management Professionals Inc. raised its stake in Newmont by 274.1% during the second quarter. Financial Management Professionals Inc. now owns 606 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 444 shares during the period. Finally, ST Germain D J Co. Inc. grew its position in Newmont by 92.3% in the 2nd quarter. ST Germain D J Co. Inc. now owns 625 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NEM shares. Zacks Research cut Newmont from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. Stifel Nicolaus started coverage on Newmont in a report on Wednesday, July 9th. They set a “buy” rating and a $73.00 price target on the stock. National Bankshares reaffirmed an “outperform” rating on shares of Newmont in a report on Monday, September 22nd. Stifel Canada raised Newmont to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, Scotiabank lifted their price target on Newmont from $69.00 to $72.00 and gave the company a “sector perform” rating in a report on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $73.38.

Insider Activity

In related news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $63.66, for a total transaction of $190,980.00. Following the completion of the sale, the executive vice president directly owned 58,736 shares in the company, valued at approximately $3,739,133.76. This trade represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $74.59, for a total transaction of $154,923.43. Following the sale, the director owned 38,949 shares of the company’s stock, valued at $2,905,205.91. The trade was a 5.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,169 shares of company stock worth $955,286 over the last three months. Corporate insiders own 0.05% of the company’s stock.

Newmont Trading Up 1.9%

Newmont stock opened at $85.95 on Thursday. The firm has a 50 day simple moving average of $73.46 and a 200-day simple moving average of $60.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.23 and a quick ratio of 1.91. The stock has a market capitalization of $94.41 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 0.94 and a beta of 0.34. Newmont Corporation has a 12-month low of $36.86 and a 12-month high of $87.93.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Thursday, July 24th. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.48. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $4.70 billion. Newmont had a net margin of 30.50% and a return on equity of 17.86%. The business’s revenue was up 20.8% on a year-over-year basis. During the same period last year, the firm posted $0.72 earnings per share. As a group, equities research analysts expect that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Thursday, September 4th were issued a $0.25 dividend. The ex-dividend date was Thursday, September 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. Newmont’s dividend payout ratio (DPR) is 17.95%.

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.