Ensign Peak Advisors Inc raised its stake in Newmont Co. (NYSE:NEM – Free Report) by 112.6% within the second quarter, in line with its most up-to-date Type 13F submitting with the Securities and Change Fee. The fund owned 331,167 shares of the fundamental supplies firm’s inventory after buying an extra 175,424 shares through the quarter. Ensign Peak Advisors Inc’s holdings in Newmont had been value $13,866,000 as of its most up-to-date SEC submitting.
A number of different hedge funds and different institutional buyers additionally not too long ago made adjustments to their positions within the inventory. Summit Path Advisors LLC lifted its stake in shares of Newmont by 78.5% within the 2nd quarter. Summit Path Advisors LLC now owns 29,261 shares of the fundamental supplies firm’s inventory valued at $1,225,000 after buying an extra 12,867 shares over the last quarter. Thrivent Monetary for Lutherans raised its place in Newmont by 18.5% within the second quarter. Thrivent Monetary for Lutherans now owns 80,838 shares of the fundamental supplies firm’s inventory valued at $3,385,000 after buying an extra 12,597 shares over the last quarter. Sound Shore Administration Inc. CT acquired a brand new stake in shares of Newmont through the second quarter valued at about $6,994,000. Sei Investments Co. grew its holdings in shares of Newmont by 26.8% through the second quarter. Sei Investments Co. now owns 258,572 shares of the fundamental supplies firm’s inventory value $10,826,000 after buying an extra 54,713 shares over the last quarter. Lastly, Skandinaviska Enskilda Banken AB publ elevated its stake in shares of Newmont by 1.6% within the second quarter. Skandinaviska Enskilda Banken AB publ now owns 229,147 shares of the fundamental supplies firm’s inventory valued at $9,594,000 after shopping for an extra 3,700 shares through the interval. 68.85% of the inventory is owned by institutional buyers.
Wall Road Analysts Forecast Progress
NEM has been the topic of a number of latest analysis studies. JPMorgan Chase & Co. minimize shares of Newmont from an “chubby” ranking to a “impartial” ranking in a analysis report on Monday, July eighth. CIBC raised Newmont from a “impartial” ranking to a “sector outperform” ranking and lifted their goal value for the inventory from $46.00 to $61.00 in a report on Wednesday, July tenth. UBS Group elevated their value goal on Newmont from $50.00 to $65.00 and gave the corporate a “purchase” ranking in a analysis be aware on Tuesday, September seventeenth. Jefferies Monetary Group lifted their value goal on Newmont from $50.00 to $54.00 and gave the inventory a “purchase” ranking in a analysis be aware on Friday, July twelfth. Lastly, Argus upgraded shares of Newmont from a “maintain” ranking to a “purchase” ranking and set a $58.00 value goal for the corporate in a report on Thursday, August twenty ninth. 5 funding analysts have rated the inventory with a maintain ranking, ten have issued a purchase ranking and two have issued a powerful purchase ranking to the inventory. Based mostly on knowledge from MarketBeat, Newmont has a mean ranking of “Reasonable Purchase” and a mean value goal of $52.62.
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Insider Shopping for and Promoting at Newmont
In different information, EVP Peter Toth bought 3,000 shares of the inventory in a transaction that occurred on Tuesday, September third. The inventory was bought at a mean value of $52.47, for a complete worth of $157,410.00. Following the completion of the sale, the manager vp now instantly owns 94,596 shares of the corporate’s inventory, valued at $4,963,452.12. The sale was disclosed in a doc filed with the SEC, which is accessible via the SEC web site. In different information, EVP Peter Toth bought 3,000 shares of the corporate’s inventory in a transaction on Tuesday, September third. The shares had been bought at a mean value of $52.47, for a complete worth of $157,410.00. Following the completion of the sale, the manager vp now owns 94,596 shares within the firm, valued at roughly $4,963,452.12. The transaction was disclosed in a doc filed with the SEC, which is accessible via this hyperlink. Additionally, CEO Thomas Ronald Palmer bought 20,000 shares of the agency’s inventory in a transaction dated Tuesday, September third. The shares had been bought at a mean value of $52.47, for a complete transaction of $1,049,400.00. Following the transaction, the chief govt officer now instantly owns 291,469 shares within the firm, valued at $15,293,378.43. The disclosure for this sale could be discovered right here. Within the final quarter, insiders bought 56,000 shares of firm inventory value $2,744,700. Insiders personal 0.06% of the corporate’s inventory.
Newmont Inventory Up 0.0 %
Shares of NYSE:NEM opened at $54.48 on Tuesday. The agency has a market cap of $62.82 billion, a P/E ratio of -20.40, a PEG ratio of 0.37 and a beta of 0.49. Newmont Co. has a 52-week low of $29.42 and a 52-week excessive of $55.67. The enterprise’s 50 day easy shifting common is $50.25 and its two-hundred day easy shifting common is $43.76. The corporate has a debt-to-equity ratio of 0.31, a fast ratio of 1.85 and a present ratio of two.11.
Newmont (NYSE:NEM – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, July twenty fourth. The essential supplies firm reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.10. Newmont had a damaging web margin of 13.16% and a constructive return on fairness of 8.35%. The enterprise had income of $4.40 billion through the quarter, in comparison with analyst estimates of $4.13 billion. Throughout the identical quarter within the earlier 12 months, the enterprise posted $0.33 EPS. Newmont’s quarterly income was up 64.1% on a year-over-year foundation. As a gaggle, analysis analysts forecast that Newmont Co. will put up 2.82 EPS for the present fiscal 12 months.
Newmont Declares Dividend
The agency additionally not too long ago declared a quarterly dividend, which will probably be paid on Monday, September thirtieth. Buyers of document on Thursday, September fifth will probably be given a $0.25 dividend. The ex-dividend date is Thursday, September fifth. This represents a $1.00 annualized dividend and a yield of 1.84%. Newmont’s payout ratio is -37.45%.
Newmont Profile
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 property in the US, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.
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