Themes Management Co LLC Buys Shares of 7,472 Newmont Corporation $NEM

Themes Management Co LLC bought a new stake in Newmont Corporation (NYSE:NEM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,472 shares of the basic materials company’s stock, valued at approximately $746,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC acquired a new stake in Newmont in the 4th quarter valued at approximately $25,000. Cornerstone Planning Group LLC grew its holdings in Newmont by 312.1% in the 4th quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock valued at $27,000 after buying an additional 206 shares during the last quarter. Lodestone Wealth Management LLC acquired a new stake in Newmont in the 4th quarter valued at approximately $28,000. Laurel Wealth Advisors LLC acquired a new stake in Newmont in the 4th quarter valued at approximately $30,000. Finally, Rosenberg Matthew Hamilton grew its holdings in Newmont by 308.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 306 shares of the basic materials company’s stock valued at $31,000 after buying an additional 231 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Price Performance

Shares of NYSE:NEM opened at $107.74 on Tuesday. Newmont Corporation has a 1-year low of $51.80 and a 1-year high of $134.88. The firm has a market capitalization of $115.02 billion, a PE ratio of 13.97, a PEG ratio of 1.54 and a beta of 0.43. The business’s 50 day moving average is $110.90 and its 200-day moving average is $108.39. The company has a current ratio of 2.44, a quick ratio of 2.17 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share 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 company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter last year, the firm earned $1.25 EPS. Newmont’s revenue for the quarter was up 45.8% compared to the same quarter last year. Sell-side analysts predict that Newmont Corporation will post 9.47 earnings per share for the current year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Wednesday, May 27th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $1.04 annualized dividend and a yield of 1.0%. Newmont’s payout ratio is currently 13.49%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NEM shares. Sanford C. Bernstein raised Newmont from a “market perform” rating to an “outperform” rating and raised their target price for the company from $121.00 to $157.00 in a report on Friday, February 27th. Scotiabank decreased their price objective on Newmont from $152.00 to $151.00 and set a “sector outperform” rating on the stock in a report on Friday, March 20th. BMO Capital Markets lifted their price objective on Newmont from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Royal Bank Of Canada lifted their price objective on Newmont from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Finally, UBS Group decreased their price objective on Newmont from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $142.05.

Insider Buying and Selling

In related news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $110.11, for a total value of $330,330.00. Following the sale, the executive vice president owned 49,315 shares of the company’s stock, valued at $5,430,074.65. The trade was a 5.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David James Fry sold 18,394 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $111.45, for a total value of $2,050,011.30. Following the completion of the sale, the insider directly owned 17,147 shares in the company, valued at approximately $1,911,033.15. This represents a 51.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 43,068 shares of company stock worth $4,769,475 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Newmont Company Profile

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.