Banque Cantonale Vaudoise Sells 63,685 Shares of Newmont Corporation $NEM

Banque Cantonale Vaudoise decreased its position in shares of Newmont Corporation (NYSE:NEM) by 61.0% during the 4th quarter, Holdings Channel reports. The fund owned 40,699 shares of the basic materials company’s stock after selling 63,685 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Newmont were worth $4,064,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GoalVest Advisory LLC bought a new position in Newmont in the fourth quarter valued at approximately $25,000. Physician Wealth Advisors Inc. lifted its stake in Newmont by 327.8% in the third quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock valued at $26,000 after buying an additional 236 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in Newmont by 312.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock valued at $27,000 after buying an additional 206 shares in the last quarter. JPL Wealth Management LLC bought a new position in Newmont in the third quarter valued at approximately $27,000. Finally, Lodestone Wealth Management LLC bought a new position in Newmont in the fourth quarter valued at approximately $28,000. Institutional investors own 68.85% of the company’s stock.

Insider Activity at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $110.11, for a total value of $330,330.00. Following the transaction, the executive vice president directly owned 49,315 shares in the company, valued at $5,430,074.65. The trade was a 5.73% 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David James Fry sold 18,394 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the completion of the transaction, the insider owned 17,147 shares in the company, valued at approximately $1,911,033.15. This represents a 51.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 43,068 shares of company stock valued at $4,769,475 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Sanford C. Bernstein raised shares of Newmont from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $121.00 to $157.00 in a research note on Friday, February 27th. National Bank Financial lifted their price target on shares of Newmont from $130.00 to $140.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Argus lifted their price target on shares of Newmont from $94.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Wall Street Zen raised shares of Newmont from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Finally, Stifel Nicolaus lifted their price target on shares of Newmont from $120.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Newmont currently has an average rating of “Moderate Buy” and a consensus price target of $142.51.

Newmont Price Performance

Shares of NEM opened at $107.36 on Thursday. The company has a market cap of $114.61 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 1.50 and a beta of 0.43. Newmont Corporation has a 1-year low of $51.80 and a 1-year high of $134.88. The company’s fifty day simple moving average is $111.41 and its 200 day simple moving average is $107.81. The company has a current ratio of 2.44, a quick ratio of 2.17 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.83. The business had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $6.83 billion. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The firm’s revenue for the quarter was up 45.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 earnings per share. On average, research analysts forecast that Newmont Corporation will post 9.47 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Wednesday, May 27th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, May 27th. Newmont’s payout ratio is presently 13.49%.

Newmont Company Profile

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.