DJE Kapital AG Has $155.09 Million Holdings in Newmont Corporation $NEM

DJE Kapital AG increased its position in Newmont Corporation (NYSE:NEM) by 55.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,547,453 shares of the basic materials company’s stock after acquiring an additional 553,019 shares during the period. Newmont comprises about 4.3% of DJE Kapital AG’s investment portfolio, making the stock its 5th biggest holding. DJE Kapital AG’s holdings in Newmont were worth $155,086,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NEM. Brighton Jones LLC grew its holdings in shares of Newmont by 15.7% in the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock worth $506,000 after acquiring an additional 1,847 shares during the period. Woodline Partners LP grew its holdings in Newmont by 40.7% during the first quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock valued at $4,644,000 after purchasing an additional 27,813 shares during the period. Sivia Capital Partners LLC bought a new stake in Newmont during the second quarter valued at about $240,000. Cerity Partners LLC grew its holdings in Newmont by 108.9% during the second quarter. Cerity Partners LLC now owns 125,355 shares of the basic materials company’s stock valued at $7,303,000 after purchasing an additional 65,342 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in Newmont by 8.5% during the second quarter. NewEdge Advisors LLC now owns 48,982 shares of the basic materials company’s stock valued at $2,854,000 after purchasing an additional 3,856 shares during the period. Institutional investors own 68.85% of the company’s stock.

Newmont Stock Performance

NYSE NEM opened at $97.52 on Friday. The firm has a market cap of $104.11 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 1.54 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. The business has a 50-day moving average price of $111.21 and a 200-day moving average price of $110.05. Newmont Corporation has a twelve month low of $54.14 and a twelve month high of $134.88.

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

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.1%. Newmont’s dividend payout ratio is 13.49%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Canaccord Genuity Group boosted their price target on Newmont from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. BMO Capital Markets boosted their price target on Newmont from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Weiss Ratings lowered Newmont from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 27th. Argus boosted their price target on Newmont from $94.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, UBS Group cut their price target on Newmont from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $142.26.

Insider Transactions at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $105.32, for a total value of $315,960.00. Following the completion of the transaction, the executive vice president owned 46,315 shares of the company’s stock, valued at $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 SEC, which is available at this hyperlink. 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 dated 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 completion of the transaction, the executive vice president directly owned 67,865 shares of the company’s stock, valued at approximately $7,472,615.15. This trade represents a 16.47% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 49,950 shares of company stock valued at $5,494,288. 0.06% of the stock is owned by corporate insiders.

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.