4,243 Shares in Newmont Corporation (NYSE:NEM) Bought by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC bought a new position in shares of Newmont Corporation (NYSE:NEM) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,243 shares of the basic materials company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SOA Wealth Advisors LLC. boosted its stake in Newmont by 64.0% during the first quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 201 shares in the last quarter. Nexus Investment Management ULC bought a new position in Newmont during the first quarter worth $31,000. Alpine Bank Wealth Management bought a new position in Newmont during the first quarter worth $32,000. PSI Advisors LLC boosted its stake in Newmont by 195.5% during the first quarter. PSI Advisors LLC now owns 795 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 526 shares in the last quarter. Finally, Grove Bank & Trust boosted its stake in Newmont by 84.0% during the first quarter. Grove Bank & Trust now owns 911 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 416 shares in the last quarter. 68.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NEM has been the topic of several research analyst reports. National Bank Financial raised shares of Newmont to a “hold” rating in a research note on Friday, March 21st. Royal Bank Of Canada raised their price objective on shares of Newmont from $52.00 to $66.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 4th. Raymond James Financial reaffirmed an “outperform” rating and issued a $66.00 price objective on shares of Newmont in a research note on Friday, April 25th. Argus set a $63.00 price objective on shares of Newmont in a research note on Friday, April 25th. Finally, UBS Group raised shares of Newmont from a “neutral” rating to a “buy” rating and raised their price objective for the company from $50.00 to $60.00 in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, seven have issued 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, Newmont currently has a consensus rating of “Moderate Buy” and an average target price of $58.38.

Newmont Stock Down 4.1%

NEM opened at $56.76 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.98 and a quick ratio of 1.70. The company’s 50-day moving average is $54.18 and its 200 day moving average is $47.53. Newmont Corporation has a fifty-two week low of $36.86 and a fifty-two week high of $60.31. The firm has a market capitalization of $63.17 billion, a P/E ratio of 12.73, a PEG ratio of 0.78 and a beta of 0.31.

Newmont (NYSE:NEM) last released its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.54. Newmont had a net margin of 25.77% and a return on equity of 15.75%. The company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period last year, the firm earned $0.55 earnings per share. Research analysts expect that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Tuesday, May 27th. Newmont’s dividend payout ratio is 22.42%.

Insiders Place Their Bets

In other Newmont news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $54.09, for a total value of $162,270.00. Following the sale, the executive vice president now owns 77,526 shares of the company’s stock, valued at approximately $4,193,381.34. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $54.09, for a total transaction of $112,344.93. Following the completion of the sale, the director now directly owns 45,180 shares in the company, valued at approximately $2,443,786.20. This represents a 4.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,154 shares of company stock valued at $381,539. Company insiders own 0.05% of the company’s stock.

Newmont 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.