Newmont Corporation $NEM Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its holdings in shares of Newmont Corporation (NYSE:NEM) by 40.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,391,511 shares of the basic materials company’s stock after acquiring an additional 397,473 shares during the period. American Century Companies Inc. owned approximately 0.13% of Newmont worth $81,069,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Colonial Trust Advisors grew its stake in 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 during the period. Concord Wealth Partners raised its stake 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 purchasing an additional 385 shares during the period. Evermay Wealth Management LLC raised its position in Newmont by 408.2% in 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 period. TCTC Holdings LLC boosted its stake in Newmont by 123.1% during the first quarter. TCTC Holdings LLC now owns 656 shares of the basic materials company’s stock worth $32,000 after buying an additional 362 shares during the period. Finally, Dagco Inc. purchased a new stake in Newmont in the first quarter valued at approximately $32,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEM has been the topic of a number of analyst reports. UBS Group increased their price target on Newmont from $92.00 to $105.50 and gave the company a “buy” rating in a research report on Thursday, October 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Newmont in a research note on Tuesday. Raymond James Financial set a $99.00 target price on Newmont and gave the stock an “outperform” rating in a research report on Friday, October 24th. Wall Street Zen lowered shares of Newmont from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Finally, The Goldman Sachs Group set a $104.30 price objective on shares of Newmont and gave the company a “buy” rating in a research note on Sunday, October 12th. Four equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.20.

Newmont Trading Up 4.9%

Shares of NEM stock opened at $90.51 on Thursday. The firm’s 50 day moving average price is $85.85 and its two-hundred day moving average price is $70.66. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. Newmont Corporation has a fifty-two week low of $36.86 and a fifty-two week high of $98.58. The stock has a market cap of $98.77 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 0.53 and a beta of 0.33.

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

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Wednesday, November 26th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, November 26th. Newmont’s dividend payout ratio is presently 15.53%.

Insider Activity

In other news, Director Bruce R. Brook sold 2,080 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $80.96, for a total value of $168,396.80. Following the transaction, the director directly owned 34,789 shares in the company, valued at approximately $2,816,517.44. This trade represents a 5.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Ronald Palmer sold 5,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $81.34, for a total value of $406,700.00. Following the sale, the chief executive officer owned 279,923 shares in the company, valued at $22,768,936.82. The trade was a 1.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,237 shares of company stock valued at $906,799 in the last three months. Insiders own 0.05% of the company’s stock.

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.