Newmont Co. (NYSE:NEM) COO Sells $360,000.00 in Stock

Newmont Co. (NYSE:NEM - Get Free Report) COO Natascha Viljoen sold 9,000 shares of the company's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $360,000.00. Following the sale, the chief operating officer now directly owns 145,967 shares of the company's stock, valued at approximately $5,838,680. This represents a 5.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Newmont Stock Up 2.6 %

Shares of NYSE:NEM traded up $1.02 during trading on Tuesday, reaching $40.19. 11,363,374 shares of the stock were exchanged, compared to its average volume of 8,537,674. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. Newmont Co. has a 1-year low of $29.42 and a 1-year high of $58.72. The stock has a fifty day moving average of $40.61 and a two-hundred day moving average of $46.91. The firm has a market cap of $45.75 billion, a price-to-earnings ratio of -26.44, a price-to-earnings-growth ratio of 0.35 and a beta of 0.50.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.05). Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The company had revenue of $4.61 billion for the quarter, compared to analysts' expectations of $4.67 billion. During the same period last year, the company posted $0.36 EPS. The business's revenue for the quarter was up 84.7% on a year-over-year basis. Research analysts anticipate that Newmont Co. will post 3.08 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th were given a $0.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.49%. Newmont's dividend payout ratio is currently -65.79%.

Institutional Investors Weigh In On Newmont

Several hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Newmont in the second quarter worth $27,000. Hoese & Co LLP bought a new position in shares of Newmont in the third quarter worth about $27,000. Avior Wealth Management LLC lifted its position in shares of Newmont by 191.8% in the third quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company's stock worth $27,000 after buying an additional 326 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in Newmont during the third quarter valued at approximately $28,000. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Newmont in the third quarter worth approximately $32,000. 68.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NEM shares. JPMorgan Chase & Co. raised shares of Newmont from a "neutral" rating to an "overweight" rating in a research report on Tuesday, November 19th. Jefferies Financial Group upped their price target on shares of Newmont from $54.00 to $63.00 and gave the company a "buy" rating in a report on Friday, October 4th. The Goldman Sachs Group started coverage on shares of Newmont in a research report on Monday. They set a "buy" rating and a $47.20 price target for the company. CIBC lowered shares of Newmont from a "sector outperform" rating to a "neutral" rating in a report on Monday, October 28th. Finally, CLSA assumed coverage on shares of Newmont in a research note on Friday, November 29th. They set an "underperform" rating on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.80.

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.

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