Newmont Co. (NYSE:NEM) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. decreased its stake in shares of Newmont Co. (NYSE:NEM) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 444,180 shares of the basic materials company’s stock after selling 8,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Newmont were worth $23,741,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Hoese & Co LLP purchased a new position in shares of Newmont in the 3rd quarter worth $27,000. Highline Wealth Partners LLC acquired a new position in shares of Newmont in the 3rd quarter valued at about $32,000. Meeder Asset Management Inc. purchased a new stake in shares of Newmont during the 2nd quarter worth about $27,000. LRI Investments LLC purchased a new stake in shares of Newmont during the 1st quarter worth about $25,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Newmont during the 3rd quarter worth approximately $48,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Newmont Stock Up 1.1 %

Shares of NYSE NEM opened at $45.76 on Tuesday. Newmont Co. has a twelve month low of $29.42 and a twelve month high of $58.72. The business has a 50 day simple moving average of $52.78 and a 200-day simple moving average of $47.27. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30.

Newmont (NYSE:NEM) last released its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 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 firm had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.67 billion. During the same quarter in the prior year, the company posted $0.36 EPS. The firm’s revenue was up 84.7% on a year-over-year basis. Analysts expect that Newmont Co. will post 3.12 EPS for the current year.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.19%. Newmont’s dividend payout ratio is currently -65.79%.

Analysts Set New Price Targets

NEM has been the subject of several research reports. CIBC downgraded shares of Newmont from a “sector outperform” rating to a “neutral” rating in a research note on Monday, October 28th. Royal Bank of Canada lowered their price target on Newmont from $54.00 to $53.00 and set a “sector perform” rating for the company in a report on Thursday, October 24th. UBS Group cut Newmont from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $67.00 to $54.00 in a research note on Wednesday, October 30th. Veritas upgraded Newmont to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Jefferies Financial Group upped their price target on Newmont from $54.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $53.85.

Insider Buying and Selling

In other news, CEO Thomas Ronald Palmer sold 20,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $53.81, for a total transaction of $1,076,200.00. Following the sale, the chief executive officer now directly owns 271,469 shares of the company’s stock, valued at $14,607,746.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $53.81, for a total value of $161,430.00. Following the transaction, the executive vice president now owns 91,596 shares in the company, valued at approximately $4,928,780.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Thomas Ronald Palmer sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $53.81, for a total transaction of $1,076,200.00. Following the transaction, the chief executive officer now directly owns 271,469 shares in the company, valued at approximately $14,607,746.89. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,000 shares of company stock worth $2,444,440 in the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

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.