Fiera Capital Corp Sells 12,063 Shares of Newmont Co. (NYSE:NEM)

Fiera Capital Corp lessened its stake in shares of Newmont Co. (NYSE:NEM – Get Rating) by 51.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 11,340 shares of the basic materials company’s stock after selling 12,063 shares during the period. Fiera Capital Corp’s holdings in Newmont were worth $477,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mcrae Capital Management Inc. lifted its position in shares of Newmont by 3.7% during the 2nd quarter. Mcrae Capital Management Inc. now owns 5,600 shares of the basic materials company’s stock worth $334,000 after buying an additional 200 shares during the period. Central Bank & Trust Co. raised its position in Newmont by 64.3% in the 2nd quarter. Central Bank & Trust Co. now owns 608 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 238 shares during the last quarter. Keene & Associates Inc. raised its position in Newmont by 0.4% in the 2nd quarter. Keene & Associates Inc. now owns 59,511 shares of the basic materials company’s stock valued at $3,551,000 after purchasing an additional 244 shares during the last quarter. Kerntke Otto McGlone Wealth Management Group raised its position in Newmont by 1.6% in the 2nd quarter. Kerntke Otto McGlone Wealth Management Group now owns 15,790 shares of the basic materials company’s stock valued at $942,000 after purchasing an additional 245 shares during the last quarter. Finally, Glassman Wealth Services raised its position in Newmont by 30.1% in the 2nd quarter. Glassman Wealth Services now owns 1,068 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 247 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. TD Securities cut their price objective on Newmont from $49.00 to $47.00 and set a “hold” rating for the company in a research report on Wednesday, November 2nd. Barclays cut their price objective on Newmont from $55.00 to $54.00 and set an “equal weight” rating for the company in a research report on Monday, November 21st. StockNews.com assumed coverage on Newmont in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Canaccord Genuity Group reiterated a “hold” rating and issued a $56.00 price objective (up previously from $50.00) on shares of Newmont in a research report on Thursday, January 19th. Finally, Fundamental Research restated a “buy” rating and set a $52.00 target price (down previously from $63.91) on shares of Newmont in a research report on Tuesday, November 15th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $63.63.

Insider Buying and Selling at Newmont

In other Newmont news, CEO Thomas Ronald Palmer sold 11,000 shares of the business’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $48.42, for a total value of $532,620.00. Following the completion of the transaction, the chief executive officer now directly owns 210,949 shares of the company’s stock, valued at $10,214,150.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Newmont news, COO Robert D. Atkinson sold 3,000 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $48.23, for a total value of $144,690.00. Following the completion of the transaction, the chief operating officer now directly owns 33,947 shares of the company’s stock, valued at $1,637,263.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Ronald Palmer sold 11,000 shares of the business’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $48.42, for a total value of $532,620.00. Following the completion of the transaction, the chief executive officer now directly owns 210,949 shares of the company’s stock, valued at $10,214,150.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,890 shares of company stock valued at $2,160,662. Company insiders own 0.11% of the company’s stock.

Newmont Stock Up 0.5 %

Shares of Newmont stock opened at $53.63 on Tuesday. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.28. Newmont Co. has a 12 month low of $37.45 and a 12 month high of $86.37. The business has a fifty day simple moving average of $48.46 and a 200 day simple moving average of $46.01. The stock has a market cap of $42.57 billion, a PE ratio of 42.56 and a beta of 0.27.

Newmont (NYSE:NEM – Get Rating) last announced its quarterly earnings data on Tuesday, November 1st. The basic materials company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Newmont had a return on equity of 8.07% and a net margin of 8.28%. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.79 billion. Research analysts predict that Newmont Co. will post 1.82 EPS for the current year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 29th. Shareholders of record on Thursday, December 8th were paid a $0.55 dividend. The ex-dividend date of this dividend was Wednesday, December 7th. This represents a $2.20 dividend on an annualized basis and a yield of 4.10%. Newmont’s payout ratio is 174.60%.

About Newmont

(Get Rating)

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, and Ghana. As of December 31, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers.