Fieldview Capital Management LLC Has $2.51 Million Holdings in Newmont Corporation $NEM

Fieldview Capital Management LLC raised its stake in Newmont Corporation (NYSE:NEMFree Report) by 502.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,715 shares of the basic materials company’s stock after purchasing an additional 24,786 shares during the period. Fieldview Capital Management LLC’s holdings in Newmont were worth $2,505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Colonial Trust Advisors grew its position in Newmont by 20.8% during the third quarter. Colonial Trust Advisors now owns 684 shares of the basic materials company’s stock worth $58,000 after buying an additional 118 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Newmont by 53.5% during the third quarter. Harbor Capital Advisors Inc. now owns 399 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 139 shares during the period. HHM Wealth Advisors LLC boosted its holdings in Newmont by 26.4% during the third quarter. HHM Wealth Advisors LLC now owns 670 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 140 shares in the last quarter. Fielder Capital Group LLC boosted its holdings in Newmont by 1.7% during the third quarter. Fielder Capital Group LLC now owns 8,390 shares of the basic materials company’s stock valued at $707,000 after purchasing an additional 141 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC grew its stake in shares of Newmont by 2.3% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 6,584 shares of the basic materials company’s stock valued at $566,000 after purchasing an additional 145 shares during the period. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

Newmont Stock Performance

Shares of NYSE:NEM opened at $116.37 on Monday. The business has a fifty day moving average of $117.25 and a 200-day moving average of $97.14. The firm has a market cap of $126.60 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 0.92 and a beta of 0.39. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 2.29. Newmont Corporation has a twelve month low of $42.03 and a twelve month high of $134.88.

Newmont (NYSE:NEMGet Free Report) last issued its quarterly earnings data on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.71. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.18 billion. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The company’s revenue was up 20.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 EPS. On average, equities research analysts predict that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 3rd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. This is an increase from Newmont’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, March 3rd. Newmont’s payout ratio is currently 16.28%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NEM shares. Sanford C. Bernstein upgraded Newmont from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $121.00 to $157.00 in a research report on Friday, February 27th. Canadian Imperial Bank of Commerce dropped their price objective on Newmont from $71.00 to $67.00 in a research note on Friday, February 27th. Royal Bank Of Canada lifted their price objective on Newmont from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Zacks Research raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, Jefferies Financial Group increased their target price on shares of Newmont from $158.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $134.15.

Read Our Latest Research Report on NEM

About Newmont

(Free Report)

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.

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Institutional Ownership by Quarter for Newmont (NYSE:NEM)

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