34,117 Shares in Newmont Corporation $NEM Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in shares of Newmont Corporation (NYSE:NEM) in the second quarter, Holdings Channel reports. The firm bought 34,117 shares of the basic materials company’s stock, valued at approximately $713,000.

Several other institutional investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. acquired a new stake in shares of Newmont during the first quarter worth about $25,000. Cedar Mountain Advisors LLC purchased a new stake in Newmont during the 1st quarter worth approximately $25,000. Clearstead Trust LLC purchased a new stake in Newmont during the 2nd quarter worth approximately $25,000. Kilter Group LLC acquired a new stake in Newmont during the 2nd quarter worth approximately $26,000. Finally, Swiss RE Ltd. acquired a new stake in Newmont during the 4th quarter worth approximately $26,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Newmont Trading Up 2.0%

Shares of NYSE:NEM opened at $125.13 on Thursday. Newmont Corporation has a 52 week low of $73.44 and a 52 week high of $135.29. The company’s 50 day moving average is $105.83 and its two-hundred day moving average is $109.56. The company has a current ratio of 2.55, a quick ratio of 2.26 and a debt-to-equity ratio of 0.15. The company has a market cap of $131.84 billion, a PE ratio of 15.80, a P/E/G ratio of 1.73 and a beta of 0.52.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.05. The business had revenue of $6.12 billion for the quarter, compared to analyst estimates of $6.35 billion. Newmont had a net margin of 33.36% and a return on equity of 29.10%. During the same period last year, the business earned $1.43 EPS. Equities analysts predict that Newmont Corporation will post 9.01 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Thursday, September 3rd will be paid a $0.26 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. Newmont’s dividend payout ratio (DPR) is currently 13.13%.

Insiders Place Their Bets

In other news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $93.45, for a total transaction of $280,350.00. Following the sale, the executive vice president owned 40,315 shares of the company’s stock, valued at approximately $3,767,436.75. This trade represents a 6.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total value of $1,202,755.05. Following the sale, the chief financial officer owned 29,324 shares of the company’s stock, valued at approximately $3,081,659.16. The trade was a 28.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 25,209 shares of company stock valued at $2,567,701 in the last ninety days. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on NEM. National Bank Financial dropped their price target on shares of Newmont from $140.00 to $125.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Royal Bank Of Canada reduced their price objective on Newmont from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Wall Street Zen lowered Newmont from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Canadian Imperial Bank of Commerce set a $170.00 price target on Newmont in a report on Friday, August 14th. Finally, Weiss Ratings lowered Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $132.73.

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.