4,000 Shares of Newmont Corporation $NEM Bought by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. bought a new stake in shares of Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,000 shares of the basic materials company’s stock, valued at approximately $461,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Accel Wealth Management lifted its position in Newmont by 0.8% in the second quarter. Accel Wealth Management now owns 14,744 shares of the basic materials company’s stock valued at $1,377,000 after purchasing an additional 115 shares during the last quarter. Compound Planning Inc. increased its stake in shares of Newmont by 0.6% in the first quarter. Compound Planning Inc. now owns 21,192 shares of the basic materials company’s stock worth $2,294,000 after buying an additional 121 shares during the period. Center for Financial Planning Inc. increased its stake in shares of Newmont by 6.7% in the third quarter. Center for Financial Planning Inc. now owns 1,921 shares of the basic materials company’s stock worth $222,000 after buying an additional 121 shares during the period. Zhang Financial LLC raised its holdings in Newmont by 0.8% during the 1st quarter. Zhang Financial LLC now owns 15,768 shares of the basic materials company’s stock valued at $1,707,000 after buying an additional 124 shares during the last quarter. Finally, Heartland Bank & Trust Co raised its holdings in Newmont by 3.0% during the 1st quarter. Heartland Bank & Trust Co now owns 4,331 shares of the basic materials company’s stock valued at $469,000 after buying an additional 127 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors.

Insider Transactions at Newmont

In other news, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $419,411.28. Following the sale, the chief executive officer owned 101,691 shares of the company’s stock, valued at approximately $10,986,695.64. The trade was a 3.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $324,120.00. Following the transaction, the executive vice president owned 31,315 shares in the company, valued at $3,383,272.60. This represents a 8.74% 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 a total of 20,646 shares of company stock worth $2,380,140 in the last ninety days. Insiders own 0.06% of the company’s stock.

Newmont Stock Performance

Shares of NEM stock opened at $125.13 on Tuesday. The firm has a market capitalization of $130.03 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 2.15 and a beta of 0.56. The stock has a fifty day moving average of $118.81 and a 200 day moving average of $112.51. Newmont Corporation has a 52 week low of $81.34 and a 52 week high of $135.29. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM) last issued its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26. Newmont had a net margin of 34.73% and a return on equity of 29.81%. The business had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the previous year, the firm earned $1.71 EPS. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, research analysts expect that Newmont Corporation will post 9.14 earnings per share for the current year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 25th. Newmont’s dividend payout ratio (DPR) is currently 12.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. TD Cowen cut their price target on shares of Newmont from $133.00 to $131.00 in a report on Tuesday, October 20th. TD Securities upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Wall Street Zen downgraded shares of Newmont from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Argus set a $110.00 price objective on shares of Newmont and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, Jefferies Financial Group increased their target price on shares of Newmont from $146.00 to $155.00 in a report on Friday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $137.20.

Newmont Company Profile