Comprehensive Money Management Services LLC Sells 935 Shares of Newmont Corporation $NEM

Comprehensive Money Management Services LLC lowered its position in Newmont Corporation (NYSE:NEM) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,017 shares of the basic materials company’s stock after selling 935 shares during the period. Comprehensive Money Management Services LLC’s holdings in Newmont were worth $1,108,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new position in Newmont in the first quarter worth approximately $26,000. Colonial Trust Advisors lifted its holdings in shares of Newmont by 315.4% in the first quarter. Colonial Trust Advisors now owns 565 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 429 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of Newmont by 274.1% in the second quarter. Financial Management Professionals Inc. now owns 606 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 444 shares in the last quarter. ST Germain D J Co. Inc. increased its position in shares of Newmont by 92.3% during the second quarter. ST Germain D J Co. Inc. now owns 625 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 300 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of Newmont by 122.6% during the first quarter. Private Trust Co. NA now owns 630 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 347 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

Newmont Price Performance

Shares of NYSE NEM opened at $85.07 on Friday. The stock has a market cap of $93.45 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 0.95 and a beta of 0.34. Newmont Corporation has a fifty-two week low of $36.86 and a fifty-two week high of $89.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.91 and a current ratio of 2.23. The stock has a fifty day moving average of $76.77 and a 200-day moving average of $62.44.

Newmont (NYSE:NEM) last announced its quarterly earnings results on Thursday, July 24th. The basic materials company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.48. The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $4.70 billion. Newmont had a return on equity of 17.86% and a net margin of 30.50%.The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 earnings per share. Equities research analysts anticipate that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Thursday, September 4th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $1.00 annualized dividend and a yield of 1.2%. Newmont’s dividend payout ratio (DPR) is currently 17.95%.

Insider Activity at Newmont

In related news, Director Bruce R. Brook sold 2,080 shares of Newmont stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $84.99, for a total transaction of $176,779.20. Following the completion of the sale, the director owned 36,869 shares of the company’s stock, valued at approximately $3,133,496.31. This trade represents a 5.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Friday, August 1st. The shares were sold at an average price of $63.66, for a total value of $190,980.00. Following the sale, the executive vice president directly owned 58,736 shares of the company’s stock, valued at $3,739,133.76. This represents a 4.86% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,249 shares of company stock valued at $1,132,065. Company insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. National Bankshares reaffirmed an “outperform” rating on shares of Newmont in a research report on Monday, September 22nd. Raymond James Financial set a $96.00 price target on Newmont in a research report on Friday. Macquarie downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 2nd. Scotiabank increased their price target on Newmont from $69.00 to $72.00 and gave the company a “sector perform” rating in a research report on Monday, July 28th. Finally, Cibc World Mkts raised Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday. Four equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Newmont currently has an average rating of “Moderate Buy” and an average price target of $81.10.

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.