Newmont Corporation $NEM Shares Purchased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG grew its position in Newmont Corporation (NYSE:NEM) by 124.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,651 shares of the basic materials company’s stock after acquiring an additional 43,584 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Newmont were worth $4,582,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NEM. Thurston Springer Miller Herd & Titak Inc. increased its stake in Newmont by 11.9% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,737 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 185 shares during the period. Aaron Wealth Advisors LLC grew its holdings in shares of Newmont by 4.4% during the second quarter. Aaron Wealth Advisors LLC now owns 4,460 shares of the basic materials company’s stock worth $260,000 after buying an additional 190 shares during the last quarter. Chelsea Counsel Co. increased its position in Newmont by 1.0% in the 2nd quarter. Chelsea Counsel Co. now owns 18,320 shares of the basic materials company’s stock valued at $1,067,000 after acquiring an additional 190 shares during the period. Hemington Wealth Management raised its stake in Newmont by 25.2% during the 1st quarter. Hemington Wealth Management now owns 965 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 194 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. lifted its position in Newmont by 1.4% during the 1st quarter. Ipswich Investment Management Co. Inc. now owns 14,269 shares of the basic materials company’s stock worth $689,000 after acquiring an additional 200 shares during the period. 68.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $74.59, for a total value of $154,923.43. Following the transaction, the director owned 38,949 shares in the company, valued at $2,905,205.91. This trade represents a 5.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 completion of the transaction, the executive vice president owned 58,736 shares in the company, valued at $3,739,133.76. The trade was a 4.86% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,169 shares of company stock worth $955,286. 0.05% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NEM. National Bankshares restated an “outperform” rating on shares of Newmont in a research note on Monday, September 22nd. National Bank Financial raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 25th. CIBC raised their target price on shares of Newmont from $74.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, September 12th. BNP Paribas Exane lifted their target price on shares of Newmont from $66.00 to $92.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Finally, Raymond James Financial increased their price target on shares of Newmont from $77.00 to $84.00 and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Newmont currently has an average rating of “Moderate Buy” and a consensus target price of $73.38.

Newmont Stock Performance

NYSE:NEM opened at $86.35 on Friday. The company has a current ratio of 2.23, a quick ratio of 1.91 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $94.85 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 0.96 and a beta of 0.34. The firm has a 50-day moving average price of $73.95 and a two-hundred day moving average price of $60.81. Newmont Corporation has a twelve month low of $36.86 and a twelve month high of $87.93.

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

Newmont Announces Dividend

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

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.