Savant Capital LLC Acquires 11,337 Shares of Newmont Corporation $NEM

Savant Capital LLC increased its holdings in shares of Newmont Corporation (NYSE:NEM) by 61.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,916 shares of the basic materials company’s stock after acquiring an additional 11,337 shares during the quarter. Savant Capital LLC’s holdings in Newmont were worth $1,743,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Hemington Wealth Management increased its holdings in shares of Newmont by 17.6% in the second quarter. Hemington Wealth Management now owns 1,135 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 170 shares during the last quarter. IVC Wealth Advisors LLC lifted its stake in shares of Newmont by 1.3% during the 2nd quarter. IVC Wealth Advisors LLC now owns 13,947 shares of the basic materials company’s stock worth $813,000 after buying an additional 173 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Newmont by 11.9% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,737 shares of the basic materials company’s stock worth $101,000 after buying an additional 185 shares during the period. Aaron Wealth Advisors LLC grew its stake in Newmont by 4.4% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 4,460 shares of the basic materials company’s stock valued at $260,000 after buying an additional 190 shares during the last quarter. Finally, Chelsea Counsel Co. grew its stake in Newmont by 1.0% in the 2nd quarter. Chelsea Counsel Co. now owns 18,320 shares of the basic materials company’s stock valued at $1,067,000 after buying an additional 190 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NEM. CIBC set a $112.00 price objective on Newmont and gave the stock an “outperformer” rating in a report on Friday, October 10th. Zacks Research upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Royal Bank Of Canada increased their price objective on Newmont from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. The Goldman Sachs Group set a $104.30 target price on Newmont and gave the stock a “buy” rating in a report on Sunday, October 12th. Finally, TD Securities upped their price target on shares of Newmont from $67.00 to $89.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Newmont has an average rating of “Moderate Buy” and a consensus price target of $88.99.

Newmont Stock Performance

NYSE:NEM opened at $89.94 on Wednesday. The company has a market cap of $98.15 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 0.53 and a beta of 0.33. Newmont Corporation has a fifty-two week low of $36.86 and a fifty-two week high of $98.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 2.04. The stock has a fifty day moving average price of $83.70 and a 200-day moving average price of $68.14.

Newmont (NYSE:NEM) last posted its quarterly earnings results on Thursday, October 23rd. The basic materials company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.44. Newmont had a return on equity of 20.35% and a net margin of 33.42%.The business had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. Newmont’s revenue for the quarter was up 20.0% compared to the same quarter last year. As a group, equities analysts anticipate that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Wednesday, November 26th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, November 26th. Newmont’s dividend payout ratio is 15.53%.

Insider Buying and Selling

In related news, CEO Thomas Ronald Palmer sold 5,000 shares of Newmont stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $81.34, for a total value of $406,700.00. Following the transaction, the chief executive officer directly owned 279,923 shares of the company’s stock, valued at $22,768,936.82. This trade represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bruce R. Brook sold 2,080 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $80.96, for a total value of $168,396.80. Following the sale, the director owned 34,789 shares of the company’s stock, valued at $2,816,517.44. The trade was a 5.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 11,237 shares of company stock valued at $906,799. 0.05% of the stock is currently owned by insiders.

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.