Newmont Corporation $NEM Shares Acquired by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA lifted its holdings in shares of Newmont Corporation (NYSE:NEM) by 29.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 90,915 shares of the basic materials company’s stock after acquiring an additional 20,917 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Newmont were worth $9,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clark Capital Management Group Inc. lifted its holdings in Newmont by 9,809.4% in the fourth quarter. Clark Capital Management Group Inc. now owns 610,814 shares of the basic materials company’s stock worth $60,990,000 after purchasing an additional 604,650 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in Newmont in the fourth quarter worth about $43,000. State of Wisconsin Investment Board lifted its holdings in Newmont by 7.4% in the fourth quarter. State of Wisconsin Investment Board now owns 685,218 shares of the basic materials company’s stock worth $68,419,000 after purchasing an additional 47,431 shares during the period. Captrust Financial Advisors lifted its position in Newmont by 13.4% in the fourth quarter. Captrust Financial Advisors now owns 202,494 shares of the basic materials company’s stock worth $20,219,000 after purchasing an additional 23,862 shares during the period. Finally, &PARTNERS lifted its position in Newmont by 2.8% in the fourth quarter. &PARTNERS now owns 103,976 shares of the basic materials company’s stock worth $10,390,000 after purchasing an additional 2,836 shares during the period. 68.85% of the stock is currently owned by institutional investors and hedge funds.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont announced key executive appointments, naming veteran insiders to the CFO, COO, and CTO roles starting July 1. Investors often view management continuity and promoting experienced leaders as a sign of operational stability and smoother execution. Newmont Announces Key Executive Appointments for the Next Phase of Delivery
• Positive Sentiment: Several recent commentaries highlighted Newmont as a value idea and a Zacks Rank #1 stock, which can boost investor interest and reinforce the bullish case for the shares. Best Value Stocks to Buy for June 16th
• Positive Sentiment: Gold-price optimism is helping sentiment around Newmont, with reports suggesting the recent gold pullback may be more of a reset than a trend reversal. As one of the largest gold miners, Newmont tends to benefit when investors expect gold to rebound. Gold’s Correction Looks More Like a Reset. Newmont and These 4 Stocks Are Buys.
• Neutral Sentiment: Analyst and media coverage continues to keep Newmont in focus, including pieces on whether the stock remains attractive versus peers like Agnico Eagle Mines. This keeps attention high, but does not by itself change fundamentals. NEM or AEM: Which Is the Better Value Stock Right Now?
• Negative Sentiment: One note of caution is that Macquarie trimmed its price target on Newmont, even while keeping an outperform rating. That kind of revision can temper enthusiasm if investors worry about near-term upside. Macquarie adjusts price target on Newmont

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. National Bank Financial upped their target price on Newmont from $130.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Weiss Ratings downgraded Newmont from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 27th. The Goldman Sachs Group cut their target price on Newmont from $125.10 to $122.50 and set a “buy” rating for the company in a research report on Thursday, June 4th. TD Securities restated a “hold” rating and issued a $129.00 target price on shares of Newmont in a research report on Monday, April 27th. Finally, Jefferies Financial Group upped their price target on shares of Newmont from $154.00 to $158.00 and gave the company a “buy” rating in a report on Monday, June 8th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $141.79.

Insider Activity

In other Newmont news, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $105.32, for a total transaction of $408,852.24. Following the completion of the sale, the chief executive officer directly owned 142,999 shares of the company’s stock, valued at approximately $15,060,654.68. This represents a 2.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $105.32, for a total transaction of $315,960.00. Following the sale, the executive vice president directly owned 46,315 shares of the company’s stock, valued at $4,877,895.80. This represents a 6.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 28,556 shares of company stock valued at $3,120,276 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Newmont Price Performance

Shares of NYSE:NEM opened at $108.46 on Wednesday. Newmont Corporation has a one year low of $55.37 and a one year high of $134.88. The stock has a fifty day moving average of $110.66 and a 200-day moving average of $110.41. The company has a market capitalization of $115.79 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 1.75 and a beta of 0.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.17 and a current ratio of 2.44.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.83. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The company’s quarterly revenue was up 45.8% compared to the same quarter last year. As a group, equities analysts anticipate that Newmont Corporation will post 9.91 EPS for the current fiscal year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, May 27th. Newmont’s dividend payout ratio is 13.49%.

About Newmont

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.