4,116 Shares in Newmont Corporation $NEM Bought by Wealthspire Advisors LLC

Wealthspire Advisors LLC acquired a new stake in Newmont Corporation (NYSE:NEM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,116 shares of the basic materials company’s stock, valued at approximately $240,000.

A number of other large investors have also modified their holdings of the company. Colonial Trust Advisors grew its position in shares of Newmont by 315.4% during the 1st quarter. Colonial Trust Advisors now owns 565 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 429 shares during the period. Concord Wealth Partners boosted its position in Newmont by 534.7% during the second quarter. Concord Wealth Partners now owns 457 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 385 shares in the last quarter. Evermay Wealth Management LLC grew its holdings in Newmont by 408.2% in the second quarter. Evermay Wealth Management LLC now owns 498 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 400 shares during the period. TCTC Holdings LLC increased its position in shares of Newmont by 123.1% in the first quarter. TCTC Holdings LLC now owns 656 shares of the basic materials company’s stock valued at $32,000 after buying an additional 362 shares in the last quarter. Finally, Dagco Inc. acquired a new position in shares of Newmont during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insiders Place Their Bets

In other Newmont news, CEO Thomas Ronald Palmer sold 5,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $81.34, for a total value of $406,700.00. Following the completion of the sale, the chief executive officer directly owned 279,923 shares of the company’s stock, valued at $22,768,936.82. This trade represents a 1.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce R. Brook sold 2,080 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $80.96, for a total transaction of $168,396.80. Following the transaction, the director directly owned 34,789 shares in the company, valued at approximately $2,816,517.44. The trade was a 5.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 11,237 shares of company stock valued at $906,799 over the last ninety days. Corporate insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NEM shares. Macquarie cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 2nd. Bank of America lifted their target price on shares of Newmont from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. National Bankshares reissued an “outperform” rating on shares of Newmont in a research note on Monday, September 22nd. Wall Street Zen lowered shares of Newmont from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Finally, The Goldman Sachs Group set a $104.30 price objective on Newmont and gave the stock a “buy” rating in a research note on Sunday, October 12th. Four analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.20.

Newmont Stock Up 1.7%

NEM stock opened at $83.38 on Friday. The company has a market cap of $90.99 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 0.53 and a beta of 0.33. The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 0.17. Newmont Corporation has a 12 month low of $36.86 and a 12 month high of $98.58. The firm has a 50-day moving average of $85.33 and a two-hundred day moving average of $69.95.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, October 23rd. The basic materials company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.44. The business had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.14 billion. Newmont had a return on equity of 20.35% and a net margin of 33.42%.The business’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 EPS. As a group, analysts forecast that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Wednesday, November 26th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, November 26th. Newmont’s dividend payout ratio is presently 15.53%.

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.