5,461 Shares in Newmont Co. (NYSE:NEM) Bought by Jackson Square Capital LLC

Jackson Square Capital LLC bought a new position in shares of Newmont Co. (NYSE:NEM) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,461 shares of the basic materials company’s stock, valued at approximately $264,000.

Several other large investors have also bought and sold shares of NEM. SOA Wealth Advisors LLC. increased its position in Newmont by 64.0% in the 1st quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company’s stock valued at $25,000 after buying an additional 201 shares in the last quarter. Nexus Investment Management ULC purchased a new position in Newmont in the first quarter valued at approximately $31,000. Redwood Park Advisors LLC purchased a new position in Newmont in the fourth quarter valued at approximately $37,000. Promus Capital LLC purchased a new stake in shares of Newmont during the fourth quarter worth $38,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of Newmont during the fourth quarter worth $43,000. 68.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NEM has been the topic of several research analyst reports. Argus set a $63.00 price target on shares of Newmont in a report on Friday, April 25th. UBS Group raised shares of Newmont from a “neutral” rating to a “buy” rating and upped their price target for the stock from $50.00 to $60.00 in a report on Friday, April 11th. Royal Bank of Canada increased their target price on Newmont from $52.00 to $66.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 4th. National Bankshares reissued a “sector perform” rating on shares of Newmont in a research note on Wednesday, April 23rd. Finally, Wall Street Zen raised Newmont from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $57.68.

Newmont Stock Performance

Shares of NEM opened at $57.87 on Friday. 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 Co. has a one year low of $36.86 and a one year high of $58.72. The company has a 50-day simple moving average of $53.00 and a two-hundred day simple moving average of $46.38. The firm has a market capitalization of $64.41 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 0.41 and a beta of 0.31.

Newmont (NYSE:NEM) last issued its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, topping the consensus estimate of $0.71 by $0.54. Newmont had a net margin of 17.92% and a return on equity of 13.52%. The business had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same period last year, the business posted $0.55 earnings per share. On average, analysts anticipate that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, May 27th. Newmont’s dividend payout ratio is 22.42%.

Insider Buying and Selling at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $51.48, for a total transaction of $106,923.96. Following the completion of the transaction, the director now owns 47,257 shares of the company’s stock, valued at approximately $2,432,790.36. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $54.09, for a total transaction of $162,270.00. Following the transaction, the executive vice president now directly owns 77,526 shares of the company’s stock, valued at $4,193,381.34. This represents a 3.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,154 shares of company stock valued at $381,539. Corporate insiders own 0.05% of the company’s stock.

Newmont Profile

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.