Raymond James Belief N.A. raised its place in Newmont Co. (NYSE:NEM – Free Report) by 19.4% within the third quarter, in line with the corporate in its most up-to-date 13F submitting with the SEC. The fund owned 11,318 shares of the essential supplies firm’s inventory after shopping for a further 1,836 shares throughout the interval. Raymond James Belief N.A.’s holdings in Newmont had been value $605,000 as of its most up-to-date submitting with the SEC.
A number of different hedge funds have additionally not too long ago modified their holdings of NEM. Waverton Funding Administration Ltd lifted its holdings in Newmont by 14.0% throughout the third quarter. Waverton Funding Administration Ltd now owns 531,041 shares of the essential supplies firm’s inventory value $28,379,000 after buying a further 65,075 shares throughout the interval. Crimson Cedar Funding Administration LLC purchased a brand new stake in shares of Newmont throughout the third quarter value $1,263,000. Bessemer Group Inc. boosted its holdings in shares of Newmont by 7.5% within the 1st quarter. Bessemer Group Inc. now owns 7,539 shares of the essential supplies firm’s inventory value $271,000 after shopping for a further 529 shares over the last quarter. Herr Funding Group LLC purchased a brand new place in Newmont throughout the second quarter valued at about $419,000. Lastly, Truist Monetary Corp elevated its holdings in Newmont by 8.1% throughout the second quarter. Truist Monetary Corp now owns 150,352 shares of the essential supplies firm’s inventory value $6,295,000 after shopping for a further 11,276 shares over the last quarter. Institutional buyers personal 68.85% of the corporate’s inventory.
Analyst Upgrades and Downgrades
NEM has been the topic of a number of analysis analyst reviews. CIBC lowered shares of Newmont from a “sector outperform” score to a “impartial” score in a analysis notice on Monday, October twenty eighth. Jefferies Monetary Group raised their goal worth on Newmont from $54.00 to $63.00 and gave the inventory a “purchase” score in a analysis report on Friday, October 4th. UBS Group downgraded Newmont from a “purchase” score to a “impartial” score and lower their worth goal for the inventory from $67.00 to $54.00 in a analysis notice on Wednesday, October thirtieth. Argus upgraded Newmont from a “maintain” score to a “purchase” score and set a $58.00 worth goal on the inventory in a analysis notice on Thursday, August twenty ninth. Lastly, Scotiabank downgraded shares of Newmont from a “sector outperform” score to a “sector carry out” score and dropped their worth goal for the corporate from $59.00 to $55.00 in a report on Friday, October twenty fifth. Eight analysis analysts have rated the inventory with a maintain score, seven have given a purchase score and two have assigned a robust purchase score to the inventory. Based mostly on knowledge from MarketBeat, Newmont presently has a mean score of “Reasonable Purchase” and a consensus worth goal of $54.31.
View Our Newest Evaluation on Newmont
Newmont Value Efficiency
NYSE:NEM opened at $42.46 on Tuesday. The agency has a market capitalization of $48.34 billion, a price-to-earnings ratio of -27.93, a P/E/G ratio of 0.38 and a beta of 0.51. The corporate has a debt-to-equity ratio of 0.30, a fast ratio of 1.73 and a present ratio of 1.96. The inventory has a fifty day transferring common of $50.01 and a 200 day transferring common of $47.51. Newmont Co. has a 52-week low of $29.42 and a 52-week excessive of $58.72.
Newmont (NYSE:NEM – Get Free Report) final issued its quarterly earnings knowledge on Wednesday, October twenty third. The essential supplies firm reported $0.81 EPS for the quarter, lacking the consensus estimate of $0.86 by ($0.05). The enterprise had income of $4.61 billion for the quarter, in comparison with analysts’ expectations of $4.67 billion. Newmont had a optimistic return on fairness of 9.80% and a detrimental internet margin of seven.03%. The agency’s income for the quarter was up 84.7% in comparison with the identical quarter final yr. Throughout the identical interval within the earlier yr, the agency posted $0.36 EPS. On common, analysis analysts count on that Newmont Co. will submit 3.09 EPS for the present fiscal yr.
Newmont Declares Dividend
The enterprise additionally not too long ago disclosed a quarterly dividend, which can be paid on Monday, December twenty third. Stockholders of file on Wednesday, November twenty seventh can be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized foundation and a dividend yield of two.36%. The ex-dividend date of this dividend is Wednesday, November twenty seventh. Newmont’s dividend payout ratio is at present -65.79%.
Insider Shopping for and Promoting
In different Newmont information, CEO Thomas Ronald Palmer offered 20,000 shares of the corporate’s inventory in a transaction that occurred on Tuesday, September third. The inventory was offered at a mean worth of $52.47, for a complete worth of $1,049,400.00. Following the completion of the sale, the chief govt officer now owns 291,469 shares of the corporate’s inventory, valued at $15,293,378.43. This represents a 6.42 % lower of their possession of the inventory. The sale was disclosed in a submitting with the Securities & Change Fee, which is offered by means of the SEC web site. Additionally, EVP Peter Toth offered 3,000 shares of Newmont inventory in a transaction that occurred on Tuesday, September third. The inventory was offered at a mean worth of $52.47, for a complete transaction of $157,410.00. Following the transaction, the manager vp now immediately owns 94,596 shares within the firm, valued at $4,963,452.12. This commerce represents a 3.07 % lower of their possession of the inventory. The disclosure for this sale could be discovered right here. During the last ninety days, insiders offered 46,000 shares of firm inventory value $2,444,440. Company 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 the US, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.
Learn Extra
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