Duncker Streett & Co. Inc. Acquires 17,882 Shares of Newmont Corporation $NEM

Duncker Streett & Co. Inc. boosted its stake in shares of Newmont Corporation (NYSE:NEM) by 412.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 22,214 shares of the basic materials company’s stock after purchasing an additional 17,882 shares during the period. Duncker Streett & Co. Inc.’s holdings in Newmont were worth $2,405,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. GoalVest Advisory LLC purchased a new stake in shares of Newmont during the 4th quarter worth approximately $25,000. Pinnacle Bancorp Inc. purchased a new position in Newmont in the first quarter valued at approximately $25,000. Swiss RE Ltd. bought a new position in Newmont during the fourth quarter valued at $26,000. Cornerstone Planning Group LLC grew its holdings in Newmont by 312.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 206 shares during the period. Finally, JPL Wealth Management LLC purchased a new stake in Newmont in the third quarter worth $27,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Jefferies reiterated a Buy rating on Newmont and still sees upside even after trimming its price target to $146, which supports the stock’s long-term valuation case. Benzinga source
• Positive Sentiment: Recent coverage highlighted Newmont as a leader among gold stocks, with commentary pointing to higher gold prices as a potential driver of earnings and share performance. Article title
• Positive Sentiment: Analyst and market recaps note Newmont’s strong operating profile, including a recent earnings beat and continued investor interest in the gold miner. Article title

Insider Buying and Selling

In related news, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $105.32, for a total transaction of $408,852.24. Following the transaction, the chief executive officer owned 142,999 shares in the company, valued at $15,060,654.68. The trade was a 2.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $92.38, for a total value of $277,140.00. Following the completion of the sale, the executive vice president owned 43,315 shares of the company’s stock, valued at approximately $4,001,439.70. This trade represents a 6.48% 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. Insiders have sold 28,556 shares of company stock valued at $3,058,146 in the last 90 days. 0.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NEM has been the topic of a number of recent research reports. TD Cowen reaffirmed a “buy” rating on shares of Newmont in a research report on Monday, April 27th. UBS Group lowered their price target on shares of Newmont from $140.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Jefferies Financial Group cut their price objective on shares of Newmont from $158.00 to $146.00 and set a “buy” rating for the company in a research report on Monday. Argus boosted their price objective on shares of Newmont from $94.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings lowered shares of Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 17th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $138.78.

Newmont Stock Performance

Shares of NEM opened at $94.95 on Wednesday. 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 Corporation has a 12-month low of $55.37 and a 12-month high of $134.88. The company has a market cap of $101.36 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 1.63 and a beta of 0.46. The stock has a 50-day moving average price of $105.35 and a 200-day moving average price of $110.83.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.83. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The firm had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter last year, the company posted $1.25 EPS. The business’s quarterly revenue was up 45.8% on a year-over-year basis. As a group, equities analysts forecast that Newmont Corporation will post 9.87 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Wednesday, May 27th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, May 27th. Newmont’s dividend payout ratio (DPR) is 13.49%.

Newmont 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.