Newmont Corporation $NEM Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. lifted its stake in shares of Newmont Corporation (NYSE:NEM) by 32.8% during the 4th quarter, HoldingsChannel reports. The firm owned 41,467 shares of the basic materials company’s stock after purchasing an additional 10,237 shares during the quarter. Vise Technologies Inc.’s holdings in Newmont were worth $4,140,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GoalVest Advisory LLC acquired a new position in shares of Newmont during the 4th quarter worth approximately $25,000. Cornerstone Planning Group LLC raised its position in shares of Newmont by 312.1% during 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 period. Lodestone Wealth Management LLC purchased a new stake in shares of Newmont during the 4th quarter valued at approximately $28,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Newmont during the 4th quarter valued at approximately $30,000. Finally, Rosenberg Matthew Hamilton raised its position in shares of Newmont by 308.0% during 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 period. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the company’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 $315,960.00. Following the sale, the executive vice president owned 46,315 shares of the company’s stock, valued at approximately $4,877,895.80. This represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Wexler sold 13,378 shares of the company’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 $1,473,051.58. Following the sale, the executive vice president directly owned 67,865 shares in the company, valued at $7,472,615.15. This represents a 16.47% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last ninety days, insiders have sold 49,950 shares of company stock valued at $5,494,288. Insiders own 0.06% of the company’s stock.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Analysts and commentators continue to highlight Newmont’s strong fundamentals, including robust free cash flow, higher gold prices, a large buyback program, and improving operational efficiency as the company divests lower-yield assets. Newmont Corporation: Consider Hedging Against Global Economic Uncertainty With This Stock
• Positive Sentiment: RBC Capital kept an outperform view on Newmont even after trimming its price target, suggesting Wall Street still sees upside from current levels. Newmont (NEM) Is Among Gold Equities Trading At A Premium Valuation Relative To Peers, Says RBC Capital

Newmont Stock Down 7.9%

Shares of NYSE NEM opened at $99.77 on Friday. The firm has a market cap of $106.51 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 1.80 and a beta of 0.42. The company has a quick ratio of 2.17, a current ratio of 2.44 and a debt-to-equity ratio of 0.15. Newmont Corporation has a 52-week low of $52.08 and a 52-week high of $134.88. The business’s 50 day moving average is $111.70 and its two-hundred day moving average is $109.55.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company earned $1.25 earnings per share. The firm’s quarterly revenue was up 45.8% compared to the same quarter last year. Research analysts predict that Newmont Corporation will post 9.91 EPS for the current year.

Newmont Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently commented on NEM shares. Canaccord Genuity Group lifted their price target on shares of Newmont from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. TD Securities reaffirmed a “hold” rating and set a $129.00 price target on shares of Newmont in a research report on Monday, April 27th. Royal Bank Of Canada reduced their price target on shares of Newmont from $160.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday. Sanford C. Bernstein raised shares of Newmont from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $121.00 to $157.00 in a research report on Friday, February 27th. Finally, Barclays assumed coverage on shares of Newmont in a research report on Thursday, May 21st. They set an “overweight” rating and a $133.00 price target on the stock. Two equities research 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 stock. Based on data from MarketBeat, Newmont has a consensus rating of “Moderate Buy” and an average price target of $142.07.

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.