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

Newmont Co. (NYSE:NEM) EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $120,000.00. Following the transaction, the executive vice president now directly owns 82,596 shares in the company, valued at $3,303,840. The trade was a 3.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Newmont Stock Performance

NYSE:NEM opened at $41.43 on Thursday. The stock’s 50-day simple moving average is $40.49 and its 200 day simple moving average is $46.90. The firm has a market capitalization of $47.17 billion, a PE ratio of -27.26, a price-to-earnings-growth ratio of 0.35 and a beta of 0.50. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. Newmont Co. has a twelve month low of $29.42 and a twelve month high of $58.72.

Newmont (NYSE:NEM) last released its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.05). The business had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.67 billion. Newmont had a negative net margin of 7.03% and a positive return on equity of 9.80%. The business’s quarterly revenue was up 84.7% compared to the same quarter last year. During the same period last year, the business earned $0.36 earnings per share. On average, analysts anticipate that Newmont Co. will post 3.08 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, November 27th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Wednesday, November 27th. Newmont’s dividend payout ratio (DPR) is presently -65.79%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NEM. CLSA started coverage on Newmont in a report on Friday, November 29th. They set an “underperform” rating on the stock. Cibc World Mkts lowered Newmont from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Scotiabank lowered Newmont from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $59.00 to $55.00 in a report on Friday, October 25th. CIBC lowered Newmont from a “sector outperform” rating to a “neutral” rating in a report on Monday, October 28th. Finally, The Goldman Sachs Group started coverage on Newmont in a report on Monday. They issued a “buy” rating and a $47.20 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.80.

Institutional Trading of Newmont

Large investors have recently bought and sold shares of the business. Avior Wealth Management LLC boosted its stake in Newmont by 191.8% in the third quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company’s stock valued at $27,000 after buying an additional 326 shares in the last quarter. Hoese & Co LLP bought a new position in Newmont in the third quarter valued at about $27,000. Prospera Private Wealth LLC bought a new position in Newmont in the third quarter valued at about $28,000. Highline Wealth Partners LLC bought a new position in Newmont in the third quarter valued at about $32,000. Finally, Meeder Asset Management Inc. bought a new position in Newmont in the second quarter valued at about $27,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Newmont Company Profile

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.