Newmont Co. (NYSE:NEM) Shares Purchased by Atomi Financial Group Inc.

Atomi Financial Group Inc. boosted its holdings in Newmont Co. (NYSE:NEM) by 67.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,137 shares of the basic materials company’s stock after acquiring an additional 6,477 shares during the quarter. Atomi Financial Group Inc.’s holdings in Newmont were worth $863,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NEM. Bayesian Capital Management LP lifted its stake in shares of Newmont by 405.2% in the fourth quarter. Bayesian Capital Management LP now owns 86,900 shares of the basic materials company’s stock valued at $3,597,000 after purchasing an additional 69,700 shares during the period. Profund Advisors LLC increased its holdings in Newmont by 50.3% in the fourth quarter. Profund Advisors LLC now owns 121,097 shares of the basic materials company’s stock valued at $5,012,000 after buying an additional 40,523 shares in the last quarter. Paragon Associates & Paragon Associates II Joint Venture purchased a new position in Newmont in the fourth quarter valued at about $414,000. GLOBALT Investments LLC GA acquired a new stake in shares of Newmont during the 4th quarter valued at approximately $2,570,000. Finally, V Square Quantitative Management LLC boosted its stake in shares of Newmont by 124.1% during the 4th quarter. V Square Quantitative Management LLC now owns 27,099 shares of the basic materials company’s stock worth $1,122,000 after acquiring an additional 15,005 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Transactions at Newmont

In other Newmont news, CEO Thomas Ronald Palmer sold 20,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $49.51, for a total transaction of $990,200.00. Following the completion of the sale, the chief executive officer now owns 311,469 shares of the company’s stock, valued at approximately $15,420,830.19. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Newmont news, CEO Thomas Ronald Palmer sold 20,000 shares of Newmont stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $49.51, for a total transaction of $990,200.00. Following the transaction, the chief executive officer now directly owns 311,469 shares of the company’s stock, valued at $15,420,830.19. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $53.81, for a total transaction 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,000 shares of company stock worth $3,434,640 in the last ninety days. Insiders own 0.06% of the company’s stock.

Newmont Stock Performance

NYSE NEM opened at $52.73 on Thursday. The business’s 50-day moving average price is $51.73 and its 200 day moving average price is $45.29. The company has a current ratio of 2.11, a quick ratio of 1.85 and a debt-to-equity ratio of 0.31. Newmont Co. has a twelve month low of $29.42 and a twelve month high of $56.30. The company has a market capitalization of $60.81 billion, a PE ratio of -19.75, a price-to-earnings-growth ratio of 0.47 and a beta of 0.50.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.10. Newmont had a negative net margin of 13.16% and a positive return on equity of 8.35%. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same period in the prior year, the firm posted $0.33 EPS. The company’s revenue was up 64.1% on a year-over-year basis. On average, research analysts predict that Newmont Co. will post 2.88 earnings per share for the current year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.90%. Newmont’s dividend payout ratio is presently -37.45%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NEM shares. Veritas raised Newmont to a “strong-buy” rating in a report on Monday, September 30th. Argus raised Newmont from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Thursday, August 29th. Cibc World Mkts raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. CIBC upgraded shares of Newmont from a “neutral” rating to a “sector outperform” rating and raised their target price for the company from $46.00 to $61.00 in a report on Wednesday, July 10th. Finally, BNP Paribas raised shares of Newmont to a “strong-buy” rating in a report on Friday, June 21st. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Newmont presently has a consensus rating of “Moderate Buy” and an average target price of $53.31.

About Newmont

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.