Nations Financial Group Inc. IA ADV Purchases 585 Shares of Newmont Co. (NYSE:NEM)

Nations Financial Group Inc. IA ADV boosted its position in shares of Newmont Co. (NYSE:NEM) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,974 shares of the basic materials company’s stock after purchasing an additional 585 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Newmont were worth $1,976,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC lifted its stake in Newmont by 102.9% in the first quarter. Empowered Funds LLC now owns 25,453 shares of the basic materials company’s stock worth $912,000 after acquiring an additional 12,908 shares during the period. Atomi Financial Group Inc. purchased a new stake in shares of Newmont in the 1st quarter worth approximately $316,000. Sei Investments Co. boosted its stake in shares of Newmont by 67.5% during the first quarter. Sei Investments Co. now owns 203,859 shares of the basic materials company’s stock valued at $7,307,000 after purchasing an additional 82,165 shares in the last quarter. Meeder Advisory Services Inc. increased its holdings in Newmont by 3.8% during the first quarter. Meeder Advisory Services Inc. now owns 7,560 shares of the basic materials company’s stock valued at $271,000 after buying an additional 278 shares during the period. Finally, US Bancorp DE raised its stake in Newmont by 12.0% in the first quarter. US Bancorp DE now owns 138,203 shares of the basic materials company’s stock worth $4,953,000 after buying an additional 14,857 shares in the last quarter. 68.85% of the stock is owned by institutional investors.

Insider Buying and Selling at Newmont

In related news, CEO Thomas Ronald Palmer sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $52.47, for a total value of $1,049,400.00. Following the completion of the transaction, the chief executive officer now directly owns 291,469 shares in the company, valued at $15,293,378.43. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $53.81, for a total value of $161,430.00. Following the sale, the executive vice president now owns 91,596 shares of the company’s stock, valued at approximately $4,928,780.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Ronald Palmer sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $52.47, for a total transaction of $1,049,400.00. Following the transaction, the chief executive officer now owns 291,469 shares of the company’s stock, valued at $15,293,378.43. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,000 shares of company stock valued at $2,444,440. 0.06% of the stock is owned by company insiders.

Newmont Price Performance

Shares of NYSE NEM opened at $42.34 on Tuesday. Newmont Co. has a 52 week low of $29.42 and a 52 week high of $58.72. The business’s 50 day moving average price is $52.17 and its 200 day moving average price is $47.46. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. The firm has a market cap of $48.20 billion, a P/E ratio of -27.86, a P/E/G ratio of 0.37 and a beta of 0.51.

Newmont (NYSE:NEM) last issued its earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.05). Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The business had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.67 billion. During the same period last year, the business earned $0.36 EPS. The company’s revenue for the quarter was up 84.7% on a year-over-year basis. On average, sell-side analysts expect that Newmont Co. will post 3.15 earnings per share for the current year.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, November 27th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.36%. The ex-dividend date is Wednesday, November 27th. Newmont’s dividend payout ratio is currently -65.79%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NEM. Royal Bank of Canada dropped their target price on Newmont from $54.00 to $53.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 24th. Jefferies Financial Group lifted their target price on Newmont from $54.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, October 4th. CIBC downgraded shares of Newmont from a “sector outperform” rating to a “neutral” rating in a report on Monday, October 28th. Bernstein Bank lifted their price objective on shares of Newmont from $55.00 to $58.00 in a research report on Monday. Finally, BMO Capital Markets increased their target price on shares of Newmont from $56.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Newmont currently has an average rating of “Moderate Buy” and a consensus price target of $54.14.

Newmont Company 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.