49,800 Shares in Newmont Corporation $NEM Acquired by PKO BP BANKOWY Universal Pension Society JSC

PKO BP BANKOWY Universal Pension Society JSC acquired a new position in shares of Newmont Corporation (NYSE:NEM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 49,800 shares of the basic materials company’s stock, valued at approximately $5,744,000. Newmont comprises approximately 1.7% of PKO BP BANKOWY Universal Pension Society JSC’s holdings, making the stock its 11th largest holding.

Several other large investors also recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. purchased a new position in shares of Newmont during the 1st quarter worth $25,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Newmont in the first quarter valued at about $25,000. Clearstead Trust LLC acquired a new stake in Newmont during the second quarter worth about $25,000. Kilter Group LLC acquired a new stake in Newmont during the second quarter worth about $26,000. Finally, GoalVest Advisory LLC purchased a new position in Newmont during the third quarter worth about $28,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Newmont Trading Up 2.0%

Shares of Newmont stock traded up $2.30 on Friday, reaching $117.85. The company had a trading volume of 2,095,938 shares, compared to its average volume of 8,630,432. The firm’s 50 day moving average price is $120.34 and its two-hundred day moving average price is $110.23. The firm has a market cap of $124.18 billion, a PE ratio of 14.88, a PEG ratio of 1.58 and a beta of 0.51. Newmont Corporation has a 52-week low of $76.05 and a 52-week high of $135.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.26 and a current ratio of 2.55.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.05. Newmont had a net margin of 33.36% and a return on equity of 29.10%. The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $6.35 billion. During the same quarter last year, the company posted $1.43 EPS. Sell-side analysts predict that Newmont Corporation will post 9.1 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, September 3rd. Newmont’s dividend payout ratio (DPR) is currently 13.13%.

Insider Activity

In related news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $114.81, for a total transaction of $344,430.00. Following the completion of the transaction, the executive vice president directly owned 34,315 shares in the company, valued at $3,939,705.15. This trade represents a 8.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $114.81, for a total value of $445,692.42. Following the completion of the transaction, the chief executive officer directly owned 127,471 shares of the company’s stock, valued at approximately $14,634,945.51. This represents a 2.96% 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. Over the last ninety days, insiders sold 35,973 shares of company stock valued at $3,927,169. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Raymond James Financial reissued an “outperform” rating and issued a $140.00 price target on shares of Newmont in a research note on Monday, August 24th. BMO Capital Markets upped their price objective on Newmont from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, September 29th. TD increased their price objective on Newmont from $127.00 to $133.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. UBS Group cut their target price on Newmont from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Finally, Canadian Imperial Bank of Commerce set a $170.00 target price on Newmont in a research report on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.26.

About Newmont

Newmont Corporation is a global mining company focused primarily on the exploration, development and production of gold. Its portfolio also includes operations and projects involving copper, silver, zinc and lead. The company’s activities span the mining life cycle, including exploration, mine development, production, processing, reclamation and related environmental management.

Founded in 1921, Newmont is headquartered in Denver, Colorado, and has built a long history in the gold-mining industry through organic development, acquisitions and joint ventures.