Accel Wealth Management trimmed its position in Newmont Corporation (NYSE:NEM – Free Report) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,872 shares of the basic materials company’s stock after selling 290 shares during the quarter. Accel Wealth Management’s holdings in Newmont were worth $750,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. SOA Wealth Advisors LLC. increased its position in Newmont by 64.0% during the 1st quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 201 shares during the period. Cloud Capital Management LLC purchased a new stake in Newmont during the 1st quarter valued at about $26,000. Colonial Trust Advisors grew its position in Newmont by 315.4% during the 1st quarter. Colonial Trust Advisors now owns 565 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 429 shares during the last quarter. Financial Management Professionals Inc. grew its position in Newmont by 274.1% during the 2nd quarter. Financial Management Professionals Inc. now owns 606 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 444 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its stake in Newmont by 92.3% during the 2nd quarter. ST Germain D J Co. Inc. now owns 625 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 300 shares during the period. 68.85% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Newmont
In other Newmont news, CAO Brian Tabolt sold 7,015 shares of Newmont stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $68.02, for a total value of $477,160.30. Following the transaction, the chief accounting officer owned 32,615 shares in the company, valued at $2,218,472.30. The trade was a 17.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce R. Brook sold 2,080 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $84.99, for a total value of $176,779.20. Following the sale, the director owned 36,869 shares in the company, valued at $3,133,496.31. The trade was a 5.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,249 shares of company stock worth $1,132,065 over the last quarter. Insiders own 0.05% of the company’s stock.
Analyst Ratings Changes
Newmont Stock Up 0.5%
NYSE:NEM opened at $86.86 on Friday. The company has a current ratio of 2.23, a quick ratio of 1.91 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $74.37 and a 200-day simple moving average of $61.17. The company has a market cap of $95.41 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 0.97 and a beta of 0.34. Newmont Corporation has a twelve month low of $36.86 and a twelve month high of $87.93.
Newmont (NYSE:NEM – Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The basic materials company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.48. Newmont had a net margin of 30.50% and a return on equity of 17.86%. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $4.70 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. Analysts anticipate that Newmont Corporation will post 3.45 EPS for the current year.
Newmont Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Thursday, September 4th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. Newmont’s dividend payout ratio is 17.95%.
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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