3 days Ago By ABMN Staff
CIBC Private Wealth Group LLC raised its holdings in shares of Newmont Co. ( NYSE:NEM – Free Report ) by 13.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 6,792 shares of the basic materials company’s stock after buying an additional 783 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Newmont were worth $266,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors have also added to or reduced their stakes in the business.
HHM Wealth Advisors LLC increased its holdings in shares of Newmont by 66.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company’s stock worth $33,000 after buying an additional 350 shares during the last quarter.
Promus Capital LLC purchased a new stake in Newmont during the fourth quarter valued at about $38,000. McIlrath & Eck LLC lifted its stake in Newmont by 80.6% during the third quarter.
McIlrath & Eck LLC now owns 809 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 361 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of Newmont in the 4th quarter worth about $43,000. Finally, Assetmark Inc.
increased its position in shares of Newmont by 185.9% during the 4th quarter. Assetmark Inc.
now owns 1,261 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 820 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades NEM has been the subject of several recent research reports. Raymond James boosted their price objective on Newmont from $54.00 to $63.
00 and gave the company an “outperform” rating in a research report on Friday. TD Securities decreased their price objective on shares of Newmont from $46.00 to $45.
00 and set a “hold” rating on the stock in a research report on Wednesday, February 26th. National Bank Financial raised shares of Newmont to a “hold” rating in a research note on Friday, March 21st. Scotiabank cut their target price on Newmont from $52.
00 to $50.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 21st. Finally, StockNews.
com raised Newmont from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.09. Newmont Stock Down 8.
4 % Shares of Newmont stock opened at $44.25 on Monday. Newmont Co.
has a 1 year low of $36.60 and a 1 year high of $58.72.
The firm has a market cap of $49.88 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 0.
41 and a beta of 0.54. The company has a 50-day moving average of $45.
34 and a 200 day moving average of $45.22. The company has a debt-to-equity ratio of 0.
30, a current ratio of 1.96 and a quick ratio of 1.73.
Newmont ( NYSE:NEM – Get Free Report ) last released its earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.
11 by $0.29. The firm had revenue of $5.
65 billion during the quarter, compared to analyst estimates of $5.32 billion. Newmont had a net margin of 17.
92% and a return on equity of 13.52%. As a group, sell-side analysts anticipate that Newmont Co.
will post 3.45 earnings per share for the current fiscal year. Newmont Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th.
Stockholders of record on Tuesday, March 4th were paid a $0.25 dividend. The ex-dividend date was Tuesday, March 4th.
This represents a $1.00 annualized dividend and a dividend yield of 2.26%.
Newmont’s dividend payout ratio is presently 34.13%. Insider Activity In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Friday, January 10th.
The shares were sold at an average price of $40.00, for a total transaction of $120,000.00.
Following the transaction, the executive vice president now owns 82,596 shares in the company, valued at $3,303,840. This trade represents a 3.50 % decrease in their position.
The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink . Also, COO Natascha Viljoen sold 9,000 shares of Newmont stock in a transaction on Friday, January 10th. The shares were sold at an average price of $40.
00, for a total value of $360,000.00. Following the transaction, the chief operating officer now owns 145,967 shares in the company, valued at $5,838,680.
This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold a total of 33,231 shares of company stock valued at $1,388,758 over the last ninety days. 0.05% of the stock is currently owned by corporate insiders.
About Newmont ( Free Report ) Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.
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