32,153 Shares in Newmont Corporation $NEM Acquired by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. acquired a new stake in Newmont Corporation (NYSE:NEM) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 32,153 shares of the basic materials company’s stock, valued at approximately $672,000.

Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp bought a new stake in Newmont during the second quarter worth $671,197,000. Nissay Asset Management Corp Japan bought a new position in shares of Newmont in the 2nd quarter valued at $3,036,000. Navellier & Associates Inc. bought a new position in shares of Newmont in the 2nd quarter valued at $134,000. BNP Paribas acquired a new position in shares of Newmont during the 2nd quarter worth $2,425,000. Finally, Tandem Capital Management Corp ADV bought a new stake in shares of Newmont during the 2nd quarter worth $52,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Newmont Trading Down 1.6%

Shares of NEM stock opened at $125.87 on Tuesday. Newmont Corporation has a twelve month low of $72.78 and a twelve month high of $135.29. The stock’s fifty day simple moving average is $104.71 and its 200 day simple moving average is $109.53. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $132.63 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.32 and a beta of 0.47.

Newmont (NYSE:NEM) last posted its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 EPS for the quarter, beating the consensus estimate of $2.05 by $0.05. Newmont had a return on equity of 29.10% and a net margin of 33.36%.The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.35 billion. During the same period last year, the company earned $1.43 earnings per share. As a group, sell-side analysts predict that Newmont Corporation will post 9.01 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Thursday, September 3rd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, September 3rd. Newmont’s dividend payout ratio (DPR) is 13.13%.

Insider Activity at Newmont

In related news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $93.45, for a total transaction of $280,350.00. Following the sale, the executive vice president directly owned 40,315 shares in the company, valued at $3,767,436.75. This trade represents a 6.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the sale, the chief financial officer directly owned 29,324 shares in the company, valued at $3,081,659.16. The trade was a 28.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 25,209 shares of company stock worth $2,567,701 in the last quarter. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NEM shares. TD raised their price objective on Newmont from $127.00 to $133.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Bank of America dropped their target price on shares of Newmont from $157.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Canadian Imperial Bank of Commerce set a $170.00 price target on shares of Newmont in a research note on Friday, August 14th. Argus set a $110.00 price target on shares of Newmont in a report on Monday, August 3rd. Finally, Scotiabank upped their price objective on shares of Newmont from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.73.

About Newmont

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.