Newmont Corporation $NEM Shares Sold by apricus wealth LLC

apricus wealth LLC lowered its holdings in shares of Newmont Corporation (NYSE:NEM) by 12.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,205 shares of the basic materials company’s stock after selling 5,535 shares during the period. Newmont accounts for 2.0% of apricus wealth LLC’s investment portfolio, making the stock its 14th largest holding. apricus wealth LLC’s holdings in Newmont were worth $3,915,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NEM. J. Safra Sarasin Holding AG increased its stake in Newmont by 20.1% in the fourth quarter. J. Safra Sarasin Holding AG now owns 69,252 shares of the basic materials company’s stock valued at $6,915,000 after purchasing an additional 11,594 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in Newmont by 3.1% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 439,617 shares of the basic materials company’s stock valued at $43,896,000 after acquiring an additional 13,237 shares during the last quarter. TrueMark Investments LLC purchased a new stake in shares of Newmont during the fourth quarter worth approximately $274,000. Northwest Wealth Management LLC raised its stake in shares of Newmont by 42.4% during the fourth quarter. Northwest Wealth Management LLC now owns 7,334 shares of the basic materials company’s stock worth $732,000 after purchasing an additional 2,183 shares during the last quarter. Finally, WESPAC Advisors LLC acquired a new stake in shares of Newmont during the fourth quarter worth $670,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Newmont news, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $108.00, for a total transaction of $324,000.00. Following the transaction, the executive vice president owned 55,315 shares of the company’s stock, valued at $5,974,020. This trade represents a 5.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David James Fry sold 18,394 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $111.45, for a total value of $2,050,011.30. Following the completion of the transaction, the insider directly owned 17,147 shares in the company, valued at $1,911,033.15. This trade represents a 51.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of Newmont from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. BMO Capital Markets cut their target price on Newmont from $145.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Citigroup raised their price target on Newmont from $118.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Jefferies Financial Group lifted their price target on Newmont from $158.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, National Bank Financial upped their price objective on Newmont from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $133.57.

Newmont Price Performance

Shares of NYSE:NEM opened at $102.96 on Tuesday. The business’s fifty day moving average price is $116.81 and its two-hundred day moving average price is $100.73. The stock has a market cap of $111.19 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 0.79 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 one year low of $42.93 and a one year high of $134.88.

Newmont (NYSE:NEM) last released its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.71. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the firm posted $1.40 earnings per share. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. On average, analysts forecast that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 3rd were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, March 3rd. This is an increase from Newmont’s previous quarterly dividend of $0.25. Newmont’s dividend payout ratio is presently 16.28%.

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.