Newmont Corporation (NYSE:NEM) Stock Holdings Raised by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. increased its holdings in Newmont Corporation (NYSE:NEM) by 7.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 45,861 shares of the basic materials company’s stock after buying an additional 3,319 shares during the period. SBI Securities Co. Ltd.’s holdings in Newmont were worth $2,214,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of NEM. Norges Bank acquired a new position in shares of Newmont in the 4th quarter valued at about $626,074,000. Voloridge Investment Management LLC acquired a new position in Newmont during the 4th quarter valued at about $92,693,000. Capital Research Global Investors boosted its stake in Newmont by 70.7% during the 4th quarter. Capital Research Global Investors now owns 5,644,953 shares of the basic materials company’s stock valued at $210,105,000 after purchasing an additional 2,338,953 shares during the period. Renaissance Technologies LLC acquired a new position in Newmont during the 4th quarter valued at about $76,281,000. Finally, Invesco Ltd. boosted its stake in Newmont by 23.9% during the 4th quarter. Invesco Ltd. now owns 10,520,354 shares of the basic materials company’s stock valued at $391,568,000 after purchasing an additional 2,028,150 shares during the period. 68.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Bruce R. Brook sold 2,077 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $58.75, for a total value of $122,023.75. Following the sale, the director directly owned 43,103 shares in the company, valued at $2,532,301.25. The trade was a 4.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $58.75, for a total transaction of $176,250.00. Following the sale, the executive vice president owned 74,526 shares in the company, valued at $4,378,402.50. This represents a 3.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,231 shares of company stock worth $679,813 over the last quarter. Insiders own 0.05% of the company’s stock.

Newmont Stock Up 1.2%

NYSE NEM opened at $60.83 on Tuesday. 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 simple moving average is $55.50 and its 200 day simple moving average is $49.22. Newmont Corporation has a 12 month low of $36.86 and a 12 month high of $61.17. The company has a market capitalization of $67.71 billion, a P/E ratio of 13.64, a PEG ratio of 0.68 and a beta of 0.33.

Newmont (NYSE:NEM) last released its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, topping 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 business had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the previous year, the firm earned $0.55 EPS. Equities research analysts expect that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, May 27th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.64%. Newmont’s payout ratio is currently 22.42%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of Newmont from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Argus set a $63.00 target price on shares of Newmont in a research note on Friday, April 25th. Scotiabank reissued a “sector perform” rating on shares of Newmont in a research note on Monday, April 14th. Royal Bank Of Canada boosted their target price 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. Finally, UBS Group boosted their target price on shares of Newmont from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.45.

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.