Czech National Bank Has $23.52 Million Holdings in Newmont Corporation $NEM

Czech National Bank boosted its holdings in Newmont Corporation (NYSE:NEM) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,984 shares of the basic materials company’s stock after purchasing an additional 6,952 shares during the period. Czech National Bank’s holdings in Newmont were worth $23,521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Colonial Trust Advisors grew its holdings in shares of Newmont by 315.4% in the 1st quarter. Colonial Trust Advisors now owns 565 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 429 shares in the last quarter. Concord Wealth Partners raised its holdings in Newmont by 534.7% during the second quarter. Concord Wealth Partners now owns 457 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 385 shares in the last quarter. Evermay Wealth Management LLC boosted its position in Newmont by 408.2% during the second quarter. Evermay Wealth Management LLC now owns 498 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 400 shares during the last quarter. Capital A Wealth Management LLC grew its stake in Newmont by 1,648.3% in the second quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 478 shares in the last quarter. Finally, Caldwell Trust Co acquired a new position in shares of Newmont during the 2nd quarter worth approximately $31,000. 68.85% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $92.36, for a total transaction of $192,108.80. Following the transaction, the director owned 32,709 shares in the company, valued at $3,021,003.24. This trade represents a 5.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas Ronald Palmer sold 5,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $81.34, for a total transaction of $406,700.00. Following the completion of the sale, the chief executive officer directly owned 279,923 shares of the company’s stock, valued at approximately $22,768,936.82. The trade was a 1.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 11,240 shares of company stock worth $943,985. Insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NEM shares. TD Securities upped their target price on shares of Newmont from $67.00 to $89.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. The Goldman Sachs Group set a $104.30 price target on Newmont and gave the stock a “buy” rating in a research report on Sunday, October 12th. Argus upped their price objective on Newmont from $75.00 to $94.00 in a research note on Friday, November 21st. Royal Bank Of Canada raised their price objective on Newmont from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Finally, UBS Group lifted their target price on Newmont from $105.50 to $125.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Five equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $96.37.

Newmont Stock Up 1.3%

Shares of NEM opened at $99.28 on Thursday. The firm has a market cap of $108.34 billion, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 0.68 and a beta of 0.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 2.04. Newmont Corporation has a 52 week low of $36.86 and a 52 week high of $102.13. The firm’s 50-day simple moving average is $88.51 and its 200 day simple moving average is $75.06.

Newmont (NYSE:NEM) last issued its quarterly earnings data on Thursday, October 23rd. The basic materials company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.44. Newmont had a return on equity of 20.35% and a net margin of 33.42%.The company had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The business’s revenue was up 20.0% on a year-over-year basis. On average, analysts forecast that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Wednesday, November 26th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, November 26th. Newmont’s dividend payout ratio is currently 15.53%.

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.