Andra AP fonden Has $29.23 Million Holdings in Newmont Corporation $NEM

Andra AP fonden boosted its position in shares of Newmont Corporation (NYSE:NEM) by 72.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 292,700 shares of the basic materials company’s stock after buying an additional 123,200 shares during the quarter. Andra AP fonden’s holdings in Newmont were worth $29,226,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NEM. GoalVest Advisory LLC acquired a new position in shares of Newmont in the 4th quarter valued at $25,000. Cornerstone Planning Group LLC lifted its stake 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 valued at $27,000 after purchasing an additional 206 shares during the period. JPL Wealth Management LLC acquired a new position in shares of Newmont in the 3rd quarter valued at $27,000. Lodestone Wealth Management LLC acquired a new position in shares of Newmont in the 4th quarter valued at $28,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Newmont in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Trading Up 5.1%

Newmont stock opened at $97.52 on Friday. Newmont Corporation has a one year low of $54.14 and a one year high of $134.88. The company has a market cap of $104.11 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 1.54 and a beta of 0.42. The firm has a 50-day moving average of $111.21 and a 200-day moving average of $110.05. 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 (NYSE:NEM) last issued its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.83. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same period last year, the business posted $1.25 EPS. Newmont’s revenue was up 45.8% on a year-over-year basis. On average, equities analysts expect that Newmont Corporation will post 9.91 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Wednesday, May 27th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, May 27th. Newmont’s dividend payout ratio (DPR) is 13.49%.

Wall Street Analyst Weigh In

NEM has been the subject of a number of recent analyst reports. Argus upped their price objective on shares of Newmont from $94.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Macquarie Infrastructure upped their price objective on shares of Newmont from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. Royal Bank Of Canada lowered their price objective on shares of Newmont from $160.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, June 3rd. UBS Group lowered their price objective on shares of Newmont from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Finally, TD Cowen restated a “buy” rating on shares of Newmont in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $142.26.

Insiders Place Their Bets

In other Newmont news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $105.32, for a total transaction of $315,960.00. Following the completion of the sale, the executive vice president directly owned 46,315 shares in the company, valued at $4,877,895.80. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David James Fry sold 18,394 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the sale, the insider owned 17,147 shares of the company’s stock, valued at $1,911,033.15. This trade represents a 51.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 49,950 shares of company stock worth $5,494,288 in the last three months. Insiders own 0.06% of the company’s stock.

Newmont Profile

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.