LVW Advisors LLC acquired a brand new stake in Newmont Co. (NYSE:NEM – Free Report) within the third quarter, based on the corporate in its most up-to-date disclosure with the Securities and Trade Fee (SEC). The fund acquired 4,426 shares of the fundamental supplies firm’s inventory, valued at roughly $237,000.
Different hedge funds have additionally modified their holdings of the corporate. Vanguard Group Inc. raised its holdings in Newmont by 43.8% within the 4th quarter. Vanguard Group Inc. now owns 118,749,923 shares of the fundamental supplies firm’s inventory price $4,915,059,000 after buying an extra 36,170,995 shares in the course of the interval. Maj Make investments Holding A S raised its stake in shares of Newmont by 296.0% in the course of the 2nd quarter. Maj Make investments Holding A S now owns 3,427,313 shares of the fundamental supplies firm’s inventory price $143,502,000 after shopping for an extra 2,561,823 shares in the course of the interval. Capital Worldwide Buyers bought a brand new place in shares of Newmont in the course of the 1st quarter valued at roughly $49,444,000. Van ECK Associates Corp grew its stake in Newmont by 2.6% within the 2nd quarter. Van ECK Associates Corp now owns 50,918,066 shares of the fundamental supplies firm’s inventory valued at $2,131,939,000 after buying an extra 1,289,084 shares in the course of the interval. Lastly, Nationwide Financial institution of Canada FI elevated its holdings in Newmont by 47.7% within the 2nd quarter. Nationwide Financial institution of Canada FI now owns 3,372,670 shares of the fundamental supplies firm’s inventory price $140,460,000 after buying an extra 1,088,742 shares within the final quarter. 68.85% of the inventory is owned by hedge funds and different institutional traders.
Wall Road Analyst Weigh In
A number of equities analysts have issued stories on the inventory. UBS Group elevated their value goal on shares of Newmont from $50.00 to $65.00 and gave the corporate a “purchase” score in a report on Tuesday, September seventeenth. Scotiabank upgraded Newmont from a “sector carry out” score to a “sector outperform” score and lifted their value goal for the inventory from $48.00 to $59.00 in a report on Monday, August nineteenth. Jefferies Monetary Group elevated their goal value on Newmont from $54.00 to $63.00 and gave the corporate a “purchase” score in a report on Friday, October 4th. Financial institution of America boosted their value goal on Newmont from $49.00 to $50.00 and gave the inventory a “purchase” score in a analysis report on Wednesday, June twenty sixth. Lastly, Veritas upgraded Newmont to a “strong-buy” score in a report on Monday, September thirtieth. 5 funding analysts have rated the inventory with a maintain score, ten have assigned a purchase score and three have given a powerful purchase score to the inventory. In response to MarketBeat.com, the corporate has a mean score of “Average Purchase” and a mean value goal of $53.31.
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Newmont Buying and selling Up 1.7 %
Shares of Newmont inventory opened at $54.30 on Friday. Newmont Co. has a fifty-two week low of $29.42 and a fifty-two week excessive of $56.30. The corporate has a debt-to-equity ratio of 0.31, a fast ratio of 1.85 and a present ratio of two.11. The agency has a market capitalization of $62.62 billion, a price-to-earnings ratio of -20.34, a PEG ratio of 0.43 and a beta of 0.50. The inventory has a 50 day shifting common of $52.00 and a 200 day shifting common of $45.62.
Newmont (NYSE:NEM – Get Free Report) final issued its quarterly earnings information on Wednesday, July twenty fourth. The essential supplies firm reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.10. Newmont had a optimistic return on fairness of 8.35% and a destructive web margin of 13.16%. The agency had income of $4.40 billion in the course of the quarter, in comparison with the consensus estimate of $4.13 billion. Throughout the identical interval final 12 months, the corporate earned $0.33 EPS. The corporate’s quarterly income was up 64.1% on a year-over-year foundation. As a gaggle, analysis analysts predict that Newmont Co. will submit 3.1 earnings per share for the present 12 months.
Newmont Dividend Announcement
The enterprise additionally lately disclosed a quarterly dividend, which was paid on Monday, September thirtieth. Stockholders of file on Thursday, September fifth have been issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September fifth. This represents a $1.00 annualized dividend and a dividend yield of 1.84%. Newmont’s dividend payout ratio is presently -37.45%.
Insider Shopping for and Promoting
In different Newmont information, EVP Peter Toth offered 3,000 shares of the corporate’s inventory in a transaction on Tuesday, September third. The inventory was offered at a mean value of $52.47, for a complete transaction of $157,410.00. Following the transaction, the chief vp now immediately owns 94,596 shares within the firm, valued at $4,963,452.12. This represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which is offered at the SEC web site. In different Newmont information, EVP Peter Toth offered 3,000 shares of the enterprise’s inventory in a transaction dated Tuesday, September third. The shares have been offered at a mean value of $52.47, for a complete transaction of $157,410.00. Following the sale, the chief vp now immediately owns 94,596 shares within the firm, valued at $4,963,452.12. This represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a doc filed with the Securities & Trade Fee, which is offered at the SEC web site. Additionally, CEO Thomas Ronald Palmer offered 20,000 shares of the agency’s inventory in a transaction that occurred on Tuesday, September third. The shares have been offered at a mean value of $52.47, for a complete transaction of $1,049,400.00. Following the completion of the transaction, the chief govt officer now immediately owns 291,469 shares of the corporate’s inventory, valued at roughly $15,293,378.43. The commerce was a 0.00 % lower of their place. The disclosure for this sale will be discovered right here. Within the final quarter, insiders offered 66,000 shares of firm inventory valued at $3,434,640. Firm insiders personal 0.06% of the corporate’s inventory.
About Newmont
Newmont Company engages within the manufacturing and exploration of gold. It additionally explores for copper, silver, zinc, and lead. The corporate has operations and/or belongings in america, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.
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