Newmont Co. (NYSE:NEM) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise decreased its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 24.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,278 shares of the basic materials company's stock after selling 18,808 shares during the quarter. Banque Cantonale Vaudoise's holdings in Newmont were worth $3,115,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of NEM. Waverton Investment Management Ltd boosted its holdings in shares of Newmont by 14.0% in the 3rd quarter. Waverton Investment Management Ltd now owns 531,041 shares of the basic materials company's stock worth $28,379,000 after buying an additional 65,075 shares during the last quarter. Red Cedar Investment Management LLC purchased a new stake in Newmont during the 3rd quarter valued at $1,263,000. Bessemer Group Inc. grew its position in shares of Newmont by 7.5% in the 1st quarter. Bessemer Group Inc. now owns 7,539 shares of the basic materials company's stock worth $271,000 after buying an additional 529 shares during the last quarter. Herr Investment Group LLC bought a new stake in shares of Newmont during the 2nd quarter valued at about $419,000. Finally, Truist Financial Corp raised its holdings in Newmont by 8.1% in the second quarter. Truist Financial Corp now owns 150,352 shares of the basic materials company's stock worth $6,295,000 after purchasing an additional 11,276 shares in the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NEM shares. Veritas upgraded shares of Newmont to a "strong-buy" rating in a report on Monday, September 30th. Argus raised shares of Newmont from a "hold" rating to a "buy" rating and set a $58.00 price target on the stock in a research note on Thursday, August 29th. Raymond James boosted their target price on Newmont from $65.00 to $66.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Jefferies Financial Group upped their price objective on shares of Newmont from $54.00 to $63.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Finally, Scotiabank downgraded shares of Newmont from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the stock from $59.00 to $55.00 in a research report on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.14.

Newmont Price Performance

NYSE NEM traded down $0.20 on Wednesday, hitting $42.99. The company had a trading volume of 7,874,902 shares, compared to its average volume of 10,536,924. 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 12-month low of $29.42 and a 12-month high of $58.72. The company has a market capitalization of $48.94 billion, a PE ratio of -28.28, a PEG ratio of 0.34 and a beta of 0.51. The company's fifty day moving average price is $50.63 and its 200-day moving average price is $47.44.

Newmont (NYSE:NEM - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.67 billion. During the same period last year, the firm earned $0.36 EPS. The company's revenue for the quarter was up 84.7% compared to the same quarter last year. As a group, analysts predict that Newmont Co. will post 3.15 earnings per share for the current year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Wednesday, November 27th. Newmont's dividend payout ratio (DPR) is currently -65.79%.

Insider Buying and Selling at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $52.47, for a total value of $157,410.00. Following the transaction, the executive vice president now owns 94,596 shares of the company's stock, valued at $4,963,452.12. This represents a 3.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas Ronald Palmer sold 20,000 shares of Newmont stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $52.47, for a total transaction of $1,049,400.00. Following the sale, the chief executive officer now owns 291,469 shares of the company's stock, valued at approximately $15,293,378.43. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,000 shares of company stock worth $2,444,440 in the last three months. 0.06% of the stock is owned by corporate insiders.

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.