Newmont Corporation $NEM Shares Sold by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH decreased its holdings in shares of Newmont Corporation (NYSE:NEM) by 15.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 36,622 shares of the basic materials company’s stock after selling 6,480 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in Newmont were worth $3,088,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Newmont by 15.7% during the 4th quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock worth $506,000 after purchasing an additional 1,847 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Newmont by 234.2% during the first quarter. NewEdge Advisors LLC now owns 45,126 shares of the basic materials company’s stock worth $2,179,000 after buying an additional 31,624 shares during the period. Ascent Group LLC acquired a new stake in shares of Newmont during the first quarter valued at about $377,000. Woodline Partners LP increased its position in shares of Newmont by 40.7% during the first quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock valued at $4,644,000 after acquiring an additional 27,813 shares during the last quarter. Finally, SageView Advisory Group LLC purchased a new stake in shares of Newmont in the 1st quarter valued at approximately $244,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NEM. CIBC set a $112.00 price objective on shares of Newmont and gave the stock an “outperformer” rating in a research report on Friday, October 10th. BNP Paribas cut Newmont from an “outperform” rating to a “hold” rating and set a $97.00 price target on the stock. in a research note on Friday, December 5th. The Goldman Sachs Group set a $104.30 price objective on Newmont and gave the company a “buy” rating in a research note on Sunday, October 12th. Raymond James Financial reissued an “outperform” rating and set a $111.00 target price on shares of Newmont in a research note on Monday, December 29th. Finally, Macquarie upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Five equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Newmont currently has a consensus rating of “Buy” and an average price target of $97.08.

Newmont Stock Up 2.0%

Newmont stock opened at $108.99 on Friday. The firm has a market capitalization of $118.94 billion, a P/E ratio of 16.92, a P/E/G ratio of 0.79 and a beta of 0.41. The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 0.17. Newmont Corporation has a twelve month low of $38.53 and a twelve month high of $109.30. The stock’s fifty day simple moving average is $94.34 and its 200-day simple moving average is $80.57.

Newmont (NYSE:NEM) last released its earnings results on Thursday, October 23rd. The basic materials company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.44. Newmont had a return on equity of 20.35% and a net margin of 33.42%.The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same period last year, the business posted $0.81 earnings per share. Newmont’s revenue was up 20.0% compared to the same quarter last year. As a group, equities analysts expect that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Wednesday, November 26th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.9%. Newmont’s payout ratio is currently 15.53%.

Insider Buying and Selling

In related news, CEO Thomas Ronald Palmer sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $81.34, for a total value of $406,700.00. Following the sale, the chief executive officer owned 279,923 shares of the company’s stock, valued at $22,768,936.82. This trade represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce R. Brook sold 2,080 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $92.36, for a total transaction of $192,108.80. Following the transaction, the director owned 32,709 shares of the company’s stock, valued at $3,021,003.24. This trade represents a 5.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,160 shares of company stock worth $767,206 over the last 90 days. Insiders own 0.05% of the company’s stock.

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.