CIBC World Markets Inc. Has $28.39 Million Stock Holdings in Newmont Co. (NYSE:NEM)

CIBC World Markets Inc. raised its holdings in Newmont Co. (NYSE:NEM) by 15.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 447,888 shares of the basic materials company’s stock after acquiring an additional 61,390 shares during the quarter. CIBC World Markets Inc. owned approximately 0.06% of Newmont worth $28,387,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NEM. FormulaFolio Investments LLC acquired a new position in shares of Newmont during the first quarter worth $34,000. Aspire Private Capital LLC lifted its holdings in Newmont by 3,592.9% during the 1st quarter. Aspire Private Capital LLC now owns 517 shares of the basic materials company’s stock worth $31,000 after buying an additional 503 shares during the period. AllSquare Wealth Management LLC bought a new stake in shares of Newmont in the 1st quarter valued at about $33,000. Strategic Blueprint LLC acquired a new stake in shares of Newmont in the second quarter valued at about $37,000. Finally, Bbva USA bought a new position in shares of Newmont during the second quarter worth about $38,000. Hedge funds and other institutional investors own 77.76% of the company’s stock.

In other Newmont news, SVP Blake Rhodes sold 500 shares of the stock in a transaction on Thursday, July 1st. The stock was sold at an average price of $64.00, for a total transaction of $32,000.00. Following the completion of the transaction, the senior vice president now directly owns 50,311 shares of the company’s stock, valued at $3,219,904. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Dean Gehring sold 2,991 shares of the company’s stock in a transaction on Friday, September 3rd. The shares were sold at an average price of $60.00, for a total value of $179,460.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,588 shares of company stock valued at $1,610,567. Company insiders own 0.12% of the company’s stock.

NEM opened at $53.87 on Monday. Newmont Co. has a fifty-two week low of $53.52 and a fifty-two week high of $75.31. The firm has a market capitalization of $43.05 billion, a PE ratio of 15.09 and a beta of 0.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.67 and a quick ratio of 2.33. The company’s 50-day moving average is $58.43 and its 200 day moving average is $63.03.

Newmont (NYSE:NEM) last issued its quarterly earnings data on Thursday, July 22nd. The basic materials company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.11 billion. Newmont had a return on equity of 11.78% and a net margin of 23.00%. The company’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 earnings per share. As a group, analysts expect that Newmont Co. will post 3.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 23rd. Shareholders of record on Thursday, September 9th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 4.08%. The ex-dividend date was Wednesday, September 8th. Newmont’s dividend payout ratio (DPR) is presently 82.71%.

A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Newmont from a “hold” rating to a “sell” rating and set a $63.00 target price for the company. in a research report on Tuesday, July 27th. National Bank Financial lowered their target price on shares of Newmont from C$108.00 to C$105.00 and set an “outperform” rating for the company in a research note on Friday, July 16th. KeyCorp started coverage on shares of Newmont in a research report on Friday. They set a “sector weight” rating on the stock. Canaccord Genuity lowered their price objective on Newmont from $74.00 to $71.00 and set a “buy” rating for the company in a research report on Friday, July 23rd. Finally, UBS Group set a $64.00 target price on Newmont and gave the stock a “neutral” rating in a report on Friday, July 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.63.

About Newmont

Newmont Corp. is a gold producer, which engages in the production of gold. It operates through the following geographical segments: North America, South America, Nevada, Australia, and Africa. The North America segment consists primarily of carlin, phoenix, twin creeks and long canyon in the state of Nevada and Cripple Creek and Victor in the state of Colorado, in the United States.

Further Reading: Euro STOXX 50 Index

Institutional Ownership by Quarter for Newmont (NYSE:NEM)

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