Newmont Corporation $NEM Shares Bought by Leonteq Securities AG

Leonteq Securities AG lifted its stake in Newmont Corporation (NYSE:NEMFree Report) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,208 shares of the basic materials company’s stock after buying an additional 8,889 shares during the period. Leonteq Securities AG’s holdings in Newmont were worth $10,739,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NEM. CWM LLC boosted its stake in shares of Newmont by 64.6% during the 4th quarter. CWM LLC now owns 202,892 shares of the basic materials company’s stock valued at $20,259,000 after buying an additional 79,617 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Newmont by 24.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 280,920 shares of the basic materials company’s stock worth $30,775,000 after buying an additional 54,530 shares during the last quarter. ARS Investment Partners LLC increased its stake in shares of Newmont by 3.6% in the fourth quarter. ARS Investment Partners LLC now owns 697,063 shares of the basic materials company’s stock worth $69,602,000 after buying an additional 23,900 shares during the last quarter. Ritholtz Wealth Management raised its holdings in Newmont by 67.0% in the fourth quarter. Ritholtz Wealth Management now owns 40,754 shares of the basic materials company’s stock valued at $4,069,000 after acquiring an additional 16,352 shares in the last quarter. Finally, NatWest Group plc raised its holdings in Newmont by 12.6% in the fourth quarter. NatWest Group plc now owns 127,404 shares of the basic materials company’s stock valued at $12,721,000 after acquiring an additional 14,267 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Buying and Selling at Newmont

In other news, EVP Peter Wexler sold 13,378 shares of the company’s 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 $1,473,051.58. Following the completion of the transaction, the executive vice president directly owned 67,865 shares of the company’s stock, valued at approximately $7,472,615.15. This represents a 16.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $105.32, for a total value of $315,960.00. Following the sale, the executive vice president owned 46,315 shares in the company, valued at $4,877,895.80. The trade was a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 25,556 shares of company stock worth $2,781,006 in the last ninety days. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on NEM shares. The Goldman Sachs Group decreased their price objective on shares of Newmont from $122.50 to $111.40 and set a “buy” rating for the company in a report on Wednesday. Canadian Imperial Bank of Commerce set a $175.00 target price on shares of Newmont and gave the company an “outperform” rating in a research note on Monday, June 1st. Royal Bank Of Canada reduced their price target on shares of Newmont from $160.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 3rd. Raymond James Financial decreased their price target on Newmont from $139.00 to $137.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, TD boosted their price objective on Newmont from $116.00 to $129.00 and gave the company a “hold” rating in a report on Monday, April 27th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $139.35.

Check Out Our Latest Stock Analysis on Newmont

Newmont Stock Performance

Newmont stock opened at $96.95 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 2.17. Newmont Corporation has a 12 month low of $55.37 and a 12 month high of $134.88. The company has a fifty day moving average price of $106.42 and a two-hundred day moving average price of $110.88. The company has a market cap of $103.50 billion, a PE ratio of 12.57, a P/E/G ratio of 1.55 and a beta of 0.46.

Newmont (NYSE:NEMGet Free Report) 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. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The company had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the prior year, the company earned $1.25 earnings per share. The firm’s revenue was up 45.8% compared to the same quarter last year. Research analysts expect that Newmont Corporation will post 9.87 earnings per share for the current year.

Newmont Dividend Announcement

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

Trending Headlines about Newmont

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Newmont Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Newmont (NYSE:NEM)

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