13,859 Shares in Newmont Corporation $NEM Acquired by LFG Wealth Partners LLC

LFG Wealth Partners LLC acquired a new stake in Newmont Corporation (NYSE:NEM) during the fourth quarter, Holdings Channel reports. The fund acquired 13,859 shares of the basic materials company’s stock, valued at approximately $1,384,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in Newmont by 4.8% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 49,450 shares of the basic materials company’s stock worth $4,938,000 after acquiring an additional 2,280 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Newmont by 10.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 130,850 shares of the basic materials company’s stock valued at $13,065,000 after acquiring an additional 12,191 shares in the last quarter. Venture Visionary Partners LLC raised its holdings in Newmont by 6.7% in the 4th quarter. Venture Visionary Partners LLC now owns 5,067 shares of the basic materials company’s stock valued at $506,000 after acquiring an additional 318 shares during the last quarter. Mariner LLC raised its holdings in Newmont by 32.5% in the 4th quarter. Mariner LLC now owns 591,224 shares of the basic materials company’s stock valued at $59,080,000 after acquiring an additional 145,162 shares during the last quarter. Finally, NFJ Investment Group LLC lifted its stake in Newmont by 175.6% in the 4th quarter. NFJ Investment Group LLC now owns 132,079 shares of the basic materials company’s stock worth $13,188,000 after purchasing an additional 84,147 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Transactions at Newmont

In other Newmont news, insider David John Thornton sold 2,296 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $110.11, for a total value of $252,812.56. Following the completion of the transaction, the insider owned 23,163 shares of the company’s stock, valued at $2,550,477.93. This trade represents a 9.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $105.32, for a total transaction of $408,852.24. Following the completion of the transaction, the chief executive officer owned 142,999 shares of the company’s stock, valued at approximately $15,060,654.68. This trade represents a 2.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 31,556 shares of company stock valued at $3,444,276. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NEM. Barclays started coverage on Newmont in a report on Thursday, May 21st. They set an “overweight” rating and a $133.00 target price on the stock. UBS Group reduced their price objective on Newmont from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Zacks Research lowered Newmont from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 3rd. BMO Capital Markets upped their target price on Newmont from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Canadian Imperial Bank of Commerce set a $175.00 price target on Newmont and gave the stock an “outperform” rating in a report on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.79.

Newmont Stock Up 5.5%

Newmont stock opened at $105.77 on Tuesday. The company has a market capitalization of $112.91 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 1.66 and a beta of 0.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.17 and a current ratio of 2.44. Newmont Corporation has a fifty-two week low of $55.37 and a fifty-two week high of $134.88. The firm has a 50 day moving average price of $110.78 and a 200 day moving average price of $110.28.

Newmont (NYSE:NEM) last released its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 EPS for the quarter, topping the consensus estimate of $2.07 by $0.83. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same period last year, the business posted $1.25 earnings per share. The company’s quarterly revenue was up 45.8% on a year-over-year basis. Research analysts expect that Newmont Corporation will post 9.91 earnings per share for the current year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Wednesday, May 27th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, May 27th. Newmont’s dividend payout ratio (DPR) is 13.49%.

About Newmont

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.