Newmont Corporation $NEM Shares Newly Acquired by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC purchased a new position in Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,026 shares of the basic materials company’s stock, valued at approximately $695,000.

A number of other large investors have also modified their holdings of the business. University of Texas Texas AM Investment Management Co. acquired a new position in Newmont during the 3rd quarter valued at approximately $71,000. Almanack Investment Partners LLC. purchased a new position in shares of Newmont in the third quarter worth $545,000. Euro Pacific Asset Management LLC acquired a new stake in shares of Newmont during the third quarter worth $46,477,000. Carnegie Lake Advisors LLC acquired a new stake in shares of Newmont during the third quarter worth $172,000. Finally, Abbington Investment Group purchased a new stake in shares of Newmont during the third quarter valued at $1,241,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Analyst Upgrades and Downgrades

NEM has been the topic of several research reports. BMO Capital Markets upped their target price on Newmont from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, September 29th. RBC Dominion Securities set a $155.00 price target on Newmont and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. BNP Paribas Exane lifted their price target on Newmont from $102.00 to $112.00 and gave the stock a “neutral” rating in a research report on Monday, August 17th. Weiss Ratings upgraded Newmont from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. Finally, Canaccord Genuity Group cut their price objective on Newmont from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Two 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. According to data from MarketBeat, Newmont has an average rating of “Moderate Buy” and a consensus target price of $137.20.

Insider Activity

In other news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $108.04, for a total value of $324,120.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total value of $477,486.00. Following the completion of the sale, the chief executive officer owned 131,353 shares in the company, valued at $16,156,419. The trade was a 2.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 20,646 shares of company stock valued at $2,380,140. Insiders own 0.06% of the company’s stock.

Newmont Trading Up 3.5%

Shares of Newmont stock opened at $125.13 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16. The firm has a fifty day moving average price of $118.81 and a 200 day moving average price of $112.51. Newmont Corporation has a 1 year low of $81.34 and a 1 year high of $135.29. The stock has a market cap of $130.03 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 2.15 and a beta of 0.56.

Newmont (NYSE:NEM) last posted its earnings results 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 company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the previous year, the firm posted $1.71 earnings per share. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. Equities research analysts predict that Newmont Corporation will post 9.14 earnings per share for the current year.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be issued 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 payout ratio is 12.09%.

Newmont Company Profile