Newmont Corporation $NEM Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA reduced its position in Newmont Corporation (NYSE:NEM) by 66.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,555 shares of the basic materials company’s stock after selling 7,152 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Newmont were worth $355,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. GoalVest Advisory LLC purchased a new stake in Newmont during the 4th quarter worth approximately $25,000. Physician Wealth Advisors Inc. lifted its holdings in Newmont by 327.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock worth $26,000 after buying an additional 236 shares in the last quarter. JPL Wealth Management LLC purchased a new position in Newmont in the 3rd quarter valued at approximately $27,000. Lodestone Wealth Management LLC acquired a new position in shares of Newmont in the fourth quarter worth $28,000. Finally, Capital A Wealth Management LLC grew its stake in shares of Newmont by 1,648.3% in the second quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 478 shares in the last quarter. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Newmont news, insider David James Fry sold 18,394 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the sale, the insider owned 17,147 shares of the company’s stock, valued at approximately $1,911,033.15. This trade represents a 51.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $108.00, for a total transaction of $324,000.00. Following the sale, the executive vice president owned 55,315 shares of the company’s stock, valued at $5,974,020. This represents a 5.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

NEM has been the topic of several analyst reports. Citigroup increased their price objective on Newmont from $118.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada upped their price target on Newmont from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Bank of America increased their price target on Newmont from $134.00 to $151.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. BNP Paribas Exane lifted their price objective on Newmont from $123.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Finally, Canaccord Genuity Group boosted their price objective on Newmont from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Three 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’s stock. Based on data from MarketBeat.com, Newmont presently has an average rating of “Buy” and an average target price of $133.78.

Newmont Stock Performance

Shares of NEM stock opened at $114.13 on Friday. The company has a market cap of $123.26 billion, a P/E ratio of 17.86, a PEG ratio of 0.88 and a beta of 0.46. The firm has a fifty day moving average price of $116.33 and a 200 day moving average price of $101.11. The company has a current ratio of 2.29, a quick ratio of 2.02 and a debt-to-equity ratio of 0.16. Newmont Corporation has a 12 month low of $42.93 and a 12 month high of $134.88.

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

Newmont Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd were paid a dividend of $0.26 per share. The ex-dividend date was Tuesday, March 3rd. This is a positive change from Newmont’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.9%. Newmont’s dividend payout ratio (DPR) is presently 16.28%.

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.