2 weeks Ago By ABMN Staff
Marathon Capital Management bought a new position in shares of Newmont Co. ( NYSE:NEM – Free Report ) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,092 shares of the basic materials company’s stock, valued at approximately $213,000.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Newmont by 13.
6% in the first quarter. Vanguard Group Inc. now owns 134,940,345 shares of the basic materials company’s stock worth $4,836,262,000 after purchasing an additional 16,190,422 shares during the period.
Van ECK Associates Corp grew its position in shares of Newmont by 2.6% in the 2nd quarter. Van ECK Associates Corp now owns 50,918,066 shares of the basic materials company’s stock worth $2,131,939,000 after buying an additional 1,289,084 shares during the period.
Northern Trust Corp increased its stake in shares of Newmont by 25.9% in the 4th quarter. Northern Trust Corp now owns 12,988,497 shares of the basic materials company’s stock worth $537,594,000 after acquiring an additional 2,671,774 shares in the last quarter.
Dimensional Fund Advisors LP raised its holdings in Newmont by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,912,922 shares of the basic materials company’s stock worth $289,445,000 after acquiring an additional 545,903 shares during the last quarter.
Finally, Price T Rowe Associates Inc. MD lifted its position in Newmont by 6.8% in the 1st quarter.
Price T Rowe Associates Inc. MD now owns 4,907,101 shares of the basic materials company’s stock valued at $175,872,000 after acquiring an additional 313,736 shares in the last quarter. Institutional investors own 68.
85% of the company’s stock. Newmont Stock Performance NYSE:NEM opened at $55.54 on Friday.
The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.85 and a current ratio of 2.
11. The stock has a 50-day simple moving average of $50.54 and a two-hundred day simple moving average of $43.
99. The firm has a market capitalization of $64.05 billion, a PE ratio of -20.
80, a P/E/G ratio of 0.47 and a beta of 0.49.
Newmont Co. has a 52-week low of $29.42 and a 52-week high of $56.
30. Newmont Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 5th will be paid a $0.
25 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.
00 dividend on an annualized basis and a dividend yield of 1.80%. Newmont’s dividend payout ratio (DPR) is presently -37.
45%. Analyst Upgrades and Downgrades A number of analysts have commented on NEM shares. Scotiabank raised Newmont from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $48.
00 to $59.00 in a report on Monday, August 19th. UBS Group raised their price target on shares of Newmont from $50.
00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Argus raised shares of Newmont from a “hold” rating to a “buy” rating and set a $58.
00 price objective for the company in a report on Thursday, August 29th. BNP Paribas upgraded shares of Newmont to a “strong-buy” rating in a report on Friday, June 21st. Finally, Jefferies Financial Group boosted their target price on shares of Newmont from $50.
00 to $54.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock.
Based on data from MarketBeat, Newmont has a consensus rating of “Moderate Buy” and an average price target of $52.62. Read Our Latest Stock Analysis on Newmont Insider Activity In related news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 3rd.
The shares were sold at an average price of $52.47, for a total value of $157,410.00.
Following the completion of the transaction, the executive vice president now owns 94,596 shares of the company’s stock, valued at approximately $4,963,452.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link .
In other Newmont news, CEO Thomas Ronald Palmer sold 13,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $42.13, for a total transaction of $547,690.
00. Following the completion of the sale, the chief executive officer now directly owns 331,469 shares of the company’s stock, valued at approximately $13,964,788.97.
The sale was disclosed in a legal filing with the SEC, which is available at this link . Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $52.
47, for a total transaction of $157,410.00. Following the completion of the transaction, the executive vice president now directly owns 94,596 shares in the company, valued at approximately $4,963,452.
12. The disclosure for this sale can be found here . Insiders have sold 56,000 shares of company stock worth $2,744,700 in the last three months.
Company insiders own 0.06% of the company’s stock. Newmont Company Profile ( 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. Featured Stories Want to see what other hedge funds are holding NEM? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Newmont Co. ( NYSE:NEM – Free Report ). Receive News & Ratings for Newmont Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont and related companies with MarketBeat.
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