Newmont Corporation $NEM Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd lowered its position in Newmont Corporation (NYSE:NEM) by 93.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,427 shares of the basic materials company’s stock after selling 75,895 shares during the quarter. WINTON GROUP Ltd’s holdings in Newmont were worth $542,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NEM. Norges Bank acquired a new stake in shares of Newmont in the fourth quarter valued at approximately $1,443,128,000. Assetmark Inc. increased its stake in shares of Newmont by 398.3% during the fourth quarter. Assetmark Inc. now owns 2,870,495 shares of the basic materials company’s stock valued at $286,619,000 after acquiring an additional 2,294,396 shares during the period. Boston Partners increased its stake in shares of Newmont by 49.3% during the third quarter. Boston Partners now owns 6,931,710 shares of the basic materials company’s stock valued at $585,828,000 after acquiring an additional 2,288,653 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Newmont by 106.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,155,210 shares of the basic materials company’s stock valued at $349,288,000 after acquiring an additional 2,146,905 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Newmont by 142.0% during the second quarter. Ameriprise Financial Inc. now owns 3,262,258 shares of the basic materials company’s stock valued at $189,963,000 after acquiring an additional 1,914,286 shares during the period. Institutional investors and hedge funds own 68.85% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. BNP Paribas Exane raised their price objective on shares of Newmont from $123.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. TD Cowen reiterated a “buy” rating on shares of Newmont in a research note on Monday, April 27th. TD Securities reiterated a “hold” rating and set a $129.00 price objective on shares of Newmont in a research note on Monday, April 27th. Jefferies Financial Group raised their price objective on shares of Newmont from $154.00 to $158.00 and gave the company a “buy” rating in a research note on Monday. Finally, BMO Capital Markets raised their price objective on shares of Newmont from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $142.26.

Insider Activity

In other Newmont news, insider David James Fry sold 18,394 shares of Newmont stock in a transaction that occurred 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 transaction, the insider directly owned 17,147 shares in the company, valued at approximately $1,911,033.15. The trade was a 51.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David John Thornton sold 2,296 shares of Newmont stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $110.11, for a total transaction of $252,812.56. Following the transaction, the insider owned 23,163 shares in the company, valued at approximately $2,550,477.93. The trade was a 9.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 49,950 shares of company stock worth $5,494,288. 0.06% of the stock is owned by corporate insiders.

Newmont Trading Down 5.9%

Newmont stock opened at $92.76 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.17 and a current ratio of 2.44. The firm has a market cap of $99.02 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 1.63 and a beta of 0.42. Newmont Corporation has a 1 year low of $52.42 and a 1 year high of $134.88. The firm’s 50 day moving average price is $111.42 and its two-hundred day moving average price is $109.95.

Newmont (NYSE:NEM) last posted its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.83. The firm had revenue of $7.31 billion for the quarter, compared to analyst estimates of $6.83 billion. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The firm’s quarterly revenue was up 45.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 earnings per share. On average, research analysts predict that Newmont Corporation will post 9.91 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, May 27th. Newmont’s payout ratio is presently 13.49%.

About Newmont

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.