4,000 Shares in Newmont Corporation $NEM Acquired by Sava Infond d.o.o.

Sava Infond d.o.o. bought a new position in shares of Newmont Corporation (NYSE:NEM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,000 shares of the basic materials company’s stock, valued at approximately $233,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Generate Investment Management Ltd lifted its position in shares of Newmont by 25.9% during the 2nd quarter. Generate Investment Management Ltd now owns 378,975 shares of the basic materials company’s stock worth $22,079,000 after buying an additional 77,865 shares during the period. Bessemer Group Inc. lifted its position in shares of Newmont by 13.2% during the 1st quarter. Bessemer Group Inc. now owns 11,791 shares of the basic materials company’s stock worth $569,000 after buying an additional 1,379 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in shares of Newmont during the 1st quarter worth approximately $423,000. Spire Wealth Management lifted its position in shares of Newmont by 125.0% during the 1st quarter. Spire Wealth Management now owns 2,356 shares of the basic materials company’s stock worth $114,000 after buying an additional 1,309 shares during the period. Finally, Bayforest Capital Ltd lifted its position in shares of Newmont by 269.4% during the 1st quarter. Bayforest Capital Ltd now owns 8,829 shares of the basic materials company’s stock worth $426,000 after buying an additional 6,439 shares during the period. Institutional investors own 68.85% of the company’s stock.

Insider Activity

In other news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $63.66, for a total value of $190,980.00. Following the transaction, the executive vice president directly owned 58,736 shares in the company, valued at $3,739,133.76. This trade represents a 4.86% decrease in their position. 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 2,080 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $84.99, for a total value of $176,779.20. Following the completion of the transaction, the director owned 36,869 shares in the company, valued at $3,133,496.31. This represents a 5.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,249 shares of company stock valued at $1,132,065. Company insiders own 0.05% of the company’s stock.

Newmont Stock Up 0.5%

NYSE NEM opened at $86.86 on Friday. The stock has a fifty day moving average of $74.37 and a 200-day moving average of $61.08. The stock has a market capitalization of $95.41 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 0.96 and a beta of 0.34. Newmont Corporation has a 52 week low of $36.86 and a 52 week high of $87.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.91 and a current ratio of 2.23.

Newmont (NYSE:NEM) last released its earnings results on Thursday, July 24th. The basic materials company reported $1.43 EPS for the quarter, beating the consensus estimate of $0.95 by $0.48. The company had revenue of $5.32 billion during 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 business’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. On average, equities research analysts forecast that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Thursday, September 4th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, September 4th. Newmont’s dividend payout ratio (DPR) is 17.95%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Scotiabank raised their target price on Newmont from $69.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Monday, July 28th. Royal Bank Of Canada raised Newmont from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $66.00 to $95.00 in a report on Wednesday, September 10th. CIBC raised their price target on Newmont from $74.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, September 12th. Stifel Canada raised Newmont to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, National Bank Financial raised Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Newmont currently has an average rating of “Moderate Buy” and a consensus target price of $74.18.

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.