Newmont Corporation $NEM Shares Acquired by Groupe la Francaise

Groupe la Francaise lifted its stake in shares of Newmont Corporation (NYSE:NEM) by 7.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 225,500 shares of the basic materials company’s stock after buying an additional 15,768 shares during the period. Groupe la Francaise’s holdings in Newmont were worth $10,909,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in shares of Newmont by 8.9% during the first quarter. Bank of New York Mellon Corp now owns 16,014,066 shares of the basic materials company’s stock worth $773,159,000 after buying an additional 1,306,783 shares during the period. Northern Trust Corp raised its holdings in shares of Newmont by 1.5% during the first quarter. Northern Trust Corp now owns 12,934,095 shares of the basic materials company’s stock worth $624,458,000 after purchasing an additional 191,940 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Newmont by 2.2% during the first quarter. Invesco Ltd. now owns 10,748,470 shares of the basic materials company’s stock worth $518,936,000 after purchasing an additional 228,116 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Newmont by 16.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,407,995 shares of the basic materials company’s stock worth $350,166,000 after purchasing an additional 1,331,278 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Newmont by 15.9% during the first quarter. Dimensional Fund Advisors LP now owns 8,772,477 shares of the basic materials company’s stock worth $423,572,000 after purchasing an additional 1,201,237 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NEM has been the subject of several recent research reports. Stifel Canada raised shares of Newmont to a “strong-buy” rating in a report on Tuesday, July 8th. CIBC set a $74.00 target price on shares of Newmont and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Raymond James Financial raised their target price on shares of Newmont from $67.00 to $69.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Stifel Nicolaus initiated coverage on shares of Newmont in a report on Wednesday, July 9th. They set a “buy” rating and a $73.00 target price for the company. Finally, Argus set a $63.00 target price on shares of Newmont in a report on Friday, April 25th. Four analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Newmont currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.58.

Newmont Price Performance

NYSE:NEM opened at $70.6610 on Friday. Newmont Corporation has a 52 week low of $36.86 and a 52 week high of $71.10. The company has a quick ratio of 1.91, a current ratio of 2.23 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $77.62 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 0.84 and a beta of 0.30. The stock’s 50-day moving average price is $62.46 and its 200-day moving average price is $54.02.

Newmont (NYSE:NEM) last posted its earnings results on Thursday, July 24th. The basic materials company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.48. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $4.70 billion. Newmont had a return on equity of 17.86% and a net margin of 30.50%.The company’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. As a group, equities analysts expect that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Thursday, September 4th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. Newmont’s payout ratio is currently 17.95%.

Insider Transactions at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $63.66, for a total transaction of $190,980.00. Following the completion of the sale, the executive vice president owned 58,736 shares of the company’s stock, valued at $3,739,133.76. The trade was a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce R. Brook sold 2,077 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $63.66, for a total transaction of $132,221.82. Following the sale, the director directly owned 41,026 shares of the company’s stock, valued at $2,611,715.16. This represents a 4.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,246 shares of company stock valued at $1,373,251 over the last 90 days. Corporate insiders own 0.05% of the company’s stock.

Newmont Company 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.