Newmont Co. (NYSE:NEM) Shares Sold by First Personal Financial Services

First Personal Financial Services cut its position in shares of Newmont Co. (NYSE:NEM) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 47,441 shares of the basic materials company’s stock after selling 1,668 shares during the quarter. First Personal Financial Services’ holdings in Newmont were worth $2,536,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of NEM. LRI Investments LLC acquired a new position in shares of Newmont in the 1st quarter worth $25,000. Strategic Financial Concepts LLC acquired a new stake in shares of Newmont in the second quarter worth $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Newmont in the second quarter worth $27,000. Hoese & Co LLP acquired a new stake in shares of Newmont in the third quarter worth $27,000. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Newmont in the third quarter worth $32,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Newmont

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $52.47, for a total value of $157,410.00. Following the transaction, the executive vice president now directly owns 94,596 shares in the company, valued at approximately $4,963,452.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Thomas Ronald Palmer sold 20,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $53.81, for a total transaction of $1,076,200.00. Following the transaction, the chief executive officer now directly owns 271,469 shares in the company, valued at $14,607,746.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $52.47, for a total value of $157,410.00. Following the transaction, the executive vice president now owns 94,596 shares in the company, valued at $4,963,452.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,000 shares of company stock worth $2,444,440. Company insiders own 0.06% of the company’s stock.

Newmont Price Performance

Shares of NYSE:NEM opened at $45.04 on Friday. Newmont Co. has a fifty-two week low of $29.42 and a fifty-two week high of $58.72. The business has a 50-day moving average of $52.17 and a two-hundred day moving average of $47.34. The stock has a market capitalization of $51.28 billion, a P/E ratio of -29.63, a P/E/G ratio of 0.37 and a beta of 0.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73.

Newmont (NYSE:NEM) last announced its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The company had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.67 billion. During the same period in the prior year, the firm earned $0.36 EPS. Newmont’s quarterly revenue was up 84.7% on a year-over-year basis. On average, equities research analysts predict that Newmont Co. will post 3.15 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.22%. Newmont’s payout ratio is presently -65.79%.

Wall Street Analyst Weigh In

NEM has been the subject of several recent analyst reports. Veritas raised Newmont to a “strong-buy” rating in a research report on Monday, September 30th. Cibc World Mkts cut Newmont from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. Royal Bank of Canada decreased their target price on Newmont from $54.00 to $53.00 and set a “sector perform” rating for the company in a research report on Thursday, October 24th. UBS Group cut Newmont from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $67.00 to $54.00 in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group lifted their price objective on Newmont from $54.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Newmont currently has a consensus rating of “Moderate Buy” and an average price target of $53.85.

Newmont Profile

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.