Brighton Jones LLC Has $2.46 Million Stock Holdings in Newmont Corporation $NEM

Brighton Jones LLC increased its holdings in shares of Newmont Corporation (NYSE:NEM) by 35.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,167 shares of the basic materials company’s stock after purchasing an additional 7,595 shares during the quarter. Brighton Jones LLC’s holdings in Newmont were worth $2,459,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Concord Wealth Partners raised its holdings in shares of 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 acquiring an additional 385 shares during the period. Evermay Wealth Management LLC boosted its stake in Newmont by 408.2% in the 2nd quarter. Evermay Wealth Management LLC now owns 498 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 400 shares during the period. Capital A Wealth Management LLC increased its holdings in Newmont by 1,648.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 478 shares in the last quarter. Caldwell Trust Co acquired a new stake in shares of Newmont in the 2nd quarter valued at about $31,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of Newmont in the second quarter valued at about $32,000. Institutional investors own 68.85% of the company’s stock.

Newmont Price Performance

NYSE:NEM opened at $104.69 on Tuesday. The stock has a market capitalization of $114.25 billion, a PE ratio of 16.26, a P/E/G ratio of 0.70 and a beta of 0.41. Newmont Corporation has a 1-year low of $36.86 and a 1-year high of $105.68. The firm has a fifty day simple moving average of $89.43 and a 200 day simple moving average of $76.19. The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 0.17.

Newmont (NYSE:NEM) last announced its quarterly earnings results on Thursday, October 23rd. The basic materials company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.44. Newmont had a net margin of 33.42% and a return on equity of 20.35%. The firm had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter last year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. On average, research analysts expect that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Wednesday, November 26th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, November 26th. This represents a $1.00 dividend on an annualized basis and a yield of 1.0%. Newmont’s dividend payout ratio (DPR) is presently 15.53%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Raymond James Financial set a $99.00 price objective on Newmont and gave the stock an “outperform” rating in a report on Friday, October 24th. Wall Street Zen cut shares of Newmont from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. UBS Group lifted their price objective on shares of Newmont from $105.50 to $125.00 and gave the company a “buy” rating in a report on Monday, December 1st. Weiss Ratings restated a “buy (b-)” rating on shares of Newmont in a report on Monday, December 15th. Finally, Royal Bank Of Canada raised their target price on shares of Newmont from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Five research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $96.37.

Insider Buying and Selling

In related news, CEO Thomas Ronald Palmer sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $81.34, for a total transaction of $406,700.00. Following the transaction, the chief executive officer directly owned 279,923 shares of the company’s stock, valued at approximately $22,768,936.82. The trade was a 1.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bruce R. Brook sold 2,080 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $92.36, for a total value of $192,108.80. Following the sale, the director directly owned 32,709 shares of the company’s stock, valued at $3,021,003.24. This represents a 5.98% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 11,240 shares of company stock worth $943,985. Company insiders own 0.05% of the company’s stock.

Newmont Company 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.