Peter Toth Sells 3,000 Shares of Newmont Co. (NYSE:NEM) Stock

Newmont Co. (NYSE:NEM) EVP Peter Toth sold 3,000 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 value of $161,430.00. Following the completion of the sale, the executive vice president now directly owns 91,596 shares in the company, valued at approximately $4,928,780.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Peter Toth also recently made the following trade(s):

• On Tuesday, September 3rd, Peter Toth sold 3,000 shares of Newmont stock. The stock was sold at an average price of $52.47, for a total value of $157,410.00.

Newmont Stock Down 1.5 %

NEM traded down $0.80 during trading on Thursday, reaching $53.20. 5,583,066 shares of the stock traded hands, compared to its average volume of 10,384,679. The stock’s 50-day simple moving average is $51.23 and its two-hundred day simple moving average is $44.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.11 and a quick ratio of 1.85. Newmont Co. has a fifty-two week low of $29.42 and a fifty-two week high of $56.30. The stock has a market cap of $61.35 billion, a price-to-earnings ratio of -20.22, a price-to-earnings-growth ratio of 0.47 and a beta of 0.49.

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

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 5th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, September 5th. Newmont’s dividend payout ratio is -37.45%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC boosted its holdings in Newmont by 80.1% in the third quarter. SG Americas Securities LLC now owns 801,335 shares of the basic materials company’s stock worth $42,831,000 after purchasing an additional 356,286 shares in the last quarter. Czech National Bank increased its holdings in shares of Newmont by 6.4% during the 3rd quarter. Czech National Bank now owns 233,743 shares of the basic materials company’s stock valued at $12,494,000 after acquiring an additional 14,002 shares during the last quarter. Central Pacific Bank Trust Division raised its stake in shares of Newmont by 10.4% in the 3rd quarter. Central Pacific Bank Trust Division now owns 5,519 shares of the basic materials company’s stock valued at $295,000 after acquiring an additional 519 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Newmont by 12.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 95,346 shares of the basic materials company’s stock worth $5,096,000 after purchasing an additional 10,818 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new stake in Newmont during the third quarter worth approximately $251,000. Institutional investors own 68.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. CIBC upgraded Newmont from a “neutral” rating to a “sector outperform” rating and increased their price target for the company from $46.00 to $61.00 in a research report on Wednesday, July 10th. Bank of America raised their target price on shares of Newmont from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Jefferies Financial Group lifted their target price on shares of Newmont from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. BMO Capital Markets upped their price target 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. Finally, Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Newmont presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.62.

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.