Capital Financial Group Inc. Co. ADV Invests $2.49 Million in Newmont Corporation $NEM

Capital Financial Group Inc. Co. ADV bought a new position in Newmont Corporation (NYSE:NEM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 24,967 shares of the basic materials company’s stock, valued at approximately $2,493,000. Newmont comprises about 1.4% of Capital Financial Group Inc. Co. ADV’s portfolio, making the stock its 20th biggest position.

Other hedge funds have also modified their holdings of the company. GoalVest Advisory LLC acquired a new position in shares of Newmont in the 4th quarter worth $25,000. Swiss RE Ltd. acquired a new position in shares of Newmont in the 4th quarter worth $26,000. Cornerstone Planning Group LLC grew its holdings in shares of Newmont by 312.1% in the 4th quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 206 shares during the last quarter. JPL Wealth Management LLC acquired a new position in shares of Newmont in the 3rd quarter worth $27,000. Finally, Lodestone Wealth Management LLC acquired a new position in shares of Newmont in the 4th quarter worth $28,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Newmont Stock Performance

Shares of NYSE NEM opened at $105.77 on Tuesday. The business’s 50-day moving average price is $110.78 and its two-hundred day moving average price is $110.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 2.17. Newmont Corporation has a one year low of $55.37 and a one year high of $134.88. The company has a market capitalization of $112.91 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 1.66 and a beta of 0.42.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.83. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The business’s quarterly revenue was up 45.8% compared to the same quarter last year. Analysts anticipate that Newmont Corporation will post 9.91 earnings per share for the current fiscal year.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Wednesday, May 27th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, May 27th. Newmont’s dividend payout ratio is 13.49%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NEM shares. Wall Street Zen cut Newmont from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. Canaccord Genuity Group lifted their target price on Newmont from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Sanford C. Bernstein upgraded Newmont from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $121.00 to $157.00 in a report on Friday, February 27th. Jefferies Financial Group lifted their price target on Newmont from $154.00 to $158.00 and gave the company a “buy” rating in a report on Monday, June 8th. Finally, TD Securities reiterated a “hold” rating and set a $129.00 price target on shares of Newmont in a report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Newmont presently has an average rating of “Moderate Buy” and an average price target of $141.79.

Insider Buying and Selling

In other news, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $105.32, for a total transaction of $315,960.00. Following the transaction, the executive vice president owned 46,315 shares of the company’s stock, valued at approximately $4,877,895.80. This represents a 6.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $105.32, for a total value of $408,852.24. Following the transaction, the chief executive officer directly owned 142,999 shares in the company, valued at approximately $15,060,654.68. This represents a 2.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 31,556 shares of company stock worth $3,444,276. Insiders own 0.06% of the company’s stock.

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.