Newmont Corporation $NEM Stock Holdings Decreased by apricus wealth LLC

apricus wealth LLC decreased its stake in shares of Newmont Corporation (NYSE:NEM) by 12.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 39,205 shares of the basic materials company’s stock after selling 5,535 shares during the quarter. Newmont accounts for about 2.0% of apricus wealth LLC’s holdings, making the stock its 14th biggest holding. apricus wealth LLC’s holdings in Newmont were worth $3,915,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEM. Invesco Ltd. raised its position in shares of Newmont by 45.0% during the 2nd quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock valued at $908,152,000 after acquiring an additional 4,839,447 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Newmont by 9.6% during the third quarter. Legal & General Group Plc now owns 8,156,669 shares of the basic materials company’s stock worth $687,223,000 after purchasing an additional 711,940 shares during the period. Boston Partners boosted its holdings in shares of Newmont by 49.3% in the 3rd quarter. Boston Partners now owns 6,931,710 shares of the basic materials company’s stock valued at $585,828,000 after buying an additional 2,288,653 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Newmont by 33.8% in the 3rd quarter. Victory Capital Management Inc. now owns 4,925,237 shares of the basic materials company’s stock valued at $414,270,000 after buying an additional 1,244,845 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Newmont by 10.3% during the 4th quarter. Nordea Investment Management AB now owns 4,784,777 shares of the basic materials company’s stock valued at $482,162,000 after buying an additional 447,904 shares during the last quarter. 68.85% of the stock is owned by institutional investors.

Insider Buying and Selling at Newmont

In related news, insider David James Fry sold 18,394 shares of Newmont stock in a transaction on Monday, March 16th. The stock was sold at an average price of $111.45, for a total value of $2,050,011.30. Following the transaction, the insider directly owned 17,147 shares in the company, valued at $1,911,033.15. The trade was a 51.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $108.00, for a total value of $324,000.00. Following the sale, the executive vice president directly owned 55,315 shares in the company, valued at $5,974,020. This trade represents a 5.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.05% of the company’s stock.

Newmont Trading Up 0.8%

Shares of Newmont stock opened at $102.96 on Tuesday. The business has a fifty day simple moving average of $116.81 and a 200-day simple moving average of $100.73. Newmont Corporation has a fifty-two week low of $42.93 and a fifty-two week high of $134.88. The firm has a market cap of $111.19 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 0.79 and a beta of 0.39. The company has a quick ratio of 2.02, a current ratio of 2.29 and a debt-to-equity ratio of 0.16.

Newmont (NYSE:NEM) last released its earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.71. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.18 billion. Newmont had a return on equity of 23.28% and a net margin of 31.25%.Newmont’s revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 earnings per share. On average, equities analysts forecast that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 3rd were issued a $0.26 dividend. This is an increase from Newmont’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, March 3rd. Newmont’s dividend payout ratio is currently 16.28%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Sanford C. Bernstein upgraded Newmont from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $121.00 to $157.00 in a research note on Friday, February 27th. Royal Bank Of Canada raised their price target on Newmont from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Canaccord Genuity Group raised their target price on Newmont from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Macquarie Infrastructure boosted their price target on shares of Newmont from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, Zacks Research upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $133.57.

About Newmont

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.