Peter Toth Sells 3,000 Shares of Newmont (NYSE:NEM) Stock

Newmont Corporation (NYSE:NEM) EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $113.09, for a total value of $339,270.00. Following the transaction, the executive vice president owned 52,315 shares of the company’s stock, valued at $5,916,303.35. The trade was a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Peter Toth also recently made the following trade(s):

• On Wednesday, March 18th, Peter Toth sold 3,000 shares of Newmont stock. The shares were sold at an average price of $108.00, for a total transaction of $324,000.00.

Newmont Stock Up 0.1%

Newmont stock opened at $114.13 on Friday. The firm has a market capitalization of $123.26 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 0.88 and a beta of 0.46. The company’s 50 day simple moving average is $116.13 and its 200 day simple moving average is $101.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02. Newmont Corporation has a fifty-two week low of $42.93 and a fifty-two week high of $134.88.

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

Newmont Increases Dividend

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

Analyst Upgrades and Downgrades

NEM has been the topic of several research analyst reports. Macquarie Infrastructure raised their price objective on Newmont from $126.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, March 27th. Canaccord Genuity Group increased their price target on Newmont from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Canadian Imperial Bank of Commerce dropped their price target on Newmont from $71.00 to $67.00 in a research report on Friday, February 27th. National Bank Financial lifted their price objective on Newmont from $120.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Finally, BMO Capital Markets decreased their price objective on Newmont from $145.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $133.78.

Institutional Investors Weigh In On Newmont

Institutional investors have recently added to or reduced their stakes in the stock. GoalVest Advisory LLC bought a new position in Newmont during the 4th quarter worth about $25,000. Physician Wealth Advisors Inc. lifted its holdings in shares of Newmont by 327.8% in the third quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 236 shares in the last quarter. Swiss RE Ltd. bought a new stake in shares of Newmont in the fourth quarter valued at about $26,000. Cornerstone Planning Group LLC boosted its position in shares of Newmont by 312.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock worth $27,000 after buying an additional 206 shares during the period. Finally, JPL Wealth Management LLC acquired a new position in shares of Newmont during the third quarter worth about $27,000. 68.85% of the stock is owned by institutional investors.

About Newmont

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.