Newmont Co. (NYSE:NEM) EVP Peter Toth Sells 3,000 Shares of Stock

Newmont Co. (NYSE:NEM) EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $54.09, for a total transaction of $162,270.00. Following the transaction, the executive vice president now directly owns 77,526 shares in the company, valued at $4,193,381.34. This trade represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Newmont Stock Down 0.1%

NEM opened at $55.29 on Thursday. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average price of $51.96 and a 200-day moving average price of $45.83. Newmont Co. has a twelve month low of $36.86 and a twelve month high of $58.72. The stock has a market capitalization of $61.54 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 0.41 and a beta of 0.31.

Newmont (NYSE:NEM) last released its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.54. Newmont had a net margin of 17.92% and a return on equity of 13.52%. The firm had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the previous year, the company earned $0.55 earnings per share. Equities research analysts forecast that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. Newmont’s dividend payout ratio (DPR) is presently 22.42%.

Institutional Trading of Newmont

A number of hedge funds and other institutional investors have recently modified their holdings of NEM. SOA Wealth Advisors LLC. increased its stake in shares of Newmont by 64.0% in the first quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 201 shares in the last quarter. Cloud Capital Management LLC purchased a new position in shares of Newmont in the 1st quarter worth $26,000. Colonial Trust Advisors boosted its stake in shares of Newmont by 315.4% during the 1st quarter. Colonial Trust Advisors now owns 565 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 429 shares during the period. Private Trust Co. NA boosted its stake in shares of Newmont by 122.6% during the 1st quarter. Private Trust Co. NA now owns 630 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 347 shares during the period. Finally, Nexus Investment Management ULC purchased a new position in shares of Newmont during the 1st quarter worth about $31,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Cfra Research raised shares of Newmont to a “strong-buy” rating in a research note on Friday, April 25th. Scotiabank reiterated a “sector perform” rating on shares of Newmont in a report on Monday, April 14th. UBS Group upgraded shares of Newmont from a “neutral” rating to a “buy” rating and lifted their price target for the company from $50.00 to $60.00 in a report on Friday, April 11th. National Bank Financial raised shares of Newmont to a “hold” rating in a research note on Friday, March 21st. Finally, National Bankshares reissued a “sector perform” rating on shares of Newmont in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $57.68.

About Newmont

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.