Newmont Co. (NYSE:NEM) COO Natascha Viljoen Sells 9,000 Shares

Newmont Co. (NYSE:NEM) COO Natascha Viljoen sold 9,000 shares of Newmont stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $360,000.00. Following the sale, the chief operating officer now owns 145,967 shares in the company, valued at $5,838,680. This represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Newmont Price Performance

Shares of NYSE:NEM opened at $40.19 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The firm has a market cap of $45.75 billion, a price-to-earnings ratio of -26.44, a price-to-earnings-growth ratio of 0.35 and a beta of 0.50. The business has a 50-day simple moving average of $40.49 and a two-hundred day simple moving average of $46.90. Newmont Co. has a fifty-two week low of $29.42 and a fifty-two week high of $58.72.

Newmont (NYSE:NEM) last released its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.05). Newmont had a negative net margin of 7.03% and a positive return on equity of 9.80%. The company had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.67 billion. During the same period in the previous year, the firm earned $0.36 earnings per share. The firm’s revenue for the quarter was up 84.7% on a year-over-year basis. On average, analysts expect that Newmont Co. will post 3.08 earnings per share for the current year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.49%. Newmont’s dividend payout ratio (DPR) is currently -65.79%.

Institutional Trading of Newmont

Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. increased its position in shares of Newmont by 3.7% during the 2nd quarter. American Century Companies Inc. now owns 854,837 shares of the basic materials company’s stock valued at $35,792,000 after purchasing an additional 30,685 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Newmont during the second quarter valued at approximately $27,000. Envestnet Asset Management Inc. increased its holdings in Newmont by 129.6% during the second quarter. Envestnet Asset Management Inc. now owns 544,178 shares of the basic materials company’s stock valued at $22,785,000 after buying an additional 307,212 shares during the last quarter. Redwood Wealth Management Group LLC bought a new position in Newmont in the second quarter worth approximately $188,000. Finally, Bruce & Co. Inc. boosted its stake in shares of Newmont by 52.4% during the 2nd quarter. Bruce & Co. Inc. now owns 100,000 shares of the basic materials company’s stock worth $4,187,000 after acquiring an additional 34,400 shares during the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Wall Street Analysts Forecast Growth

NEM has been the topic of a number of research reports. The Goldman Sachs Group began coverage on shares of Newmont in a report on Monday. They set a “buy” rating and a $47.20 target price on the stock. Raymond James cut their price objective on shares of Newmont from $62.00 to $59.00 and set an “outperform” rating on the stock in a report on Monday, November 25th. UBS Group lowered shares of Newmont from a “buy” rating to a “neutral” rating and lowered their target price for the company from $67.00 to $54.00 in a report on Wednesday, October 30th. JPMorgan Chase & Co. upgraded Newmont from a “neutral” rating to an “overweight” rating in a research note on Tuesday, November 19th. Finally, CLSA started coverage on Newmont in a research note on Friday, November 29th. They set an “underperform” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Newmont currently has a consensus rating of “Moderate Buy” and an average price target of $53.80.

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.