Generali Investments CEE investicni spolecnost a.s. Has $4.04 Million Holdings in Newmont Corporation $NEM

Generali Investments CEE investicni spolecnost a.s. raised its position in shares of Newmont Corporation (NYSE:NEM) by 17.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,883 shares of the basic materials company’s stock after buying an additional 6,953 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Newmont were worth $4,037,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Newmont during the 2nd quarter valued at $919,170,000. Invesco Ltd. boosted its stake in Newmont by 45.0% in the second quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock worth $908,152,000 after purchasing an additional 4,839,447 shares in the last quarter. Amundi grew its holdings in shares of Newmont by 2.8% during the first quarter. Amundi now owns 12,646,114 shares of the basic materials company’s stock worth $611,187,000 after purchasing an additional 343,535 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Newmont by 6.3% in the second quarter. Legal & General Group Plc now owns 7,444,729 shares of the basic materials company’s stock valued at $433,236,000 after buying an additional 438,748 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Newmont by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,180,182 shares of the basic materials company’s stock valued at $298,380,000 after buying an additional 293,221 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

Insider Transactions at Newmont

In other news, Director Bruce R. Brook sold 2,080 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $92.36, for a total value of $192,108.80. Following the completion of the sale, the director directly owned 32,709 shares of the company’s stock, valued at $3,021,003.24. This represents a 5.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Thomas Ronald Palmer sold 5,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $81.34, for a total transaction of $406,700.00. Following the completion of the sale, the chief executive officer owned 279,923 shares in the company, valued at $22,768,936.82. This represents a 1.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,240 shares of company stock valued at $943,985 in the last quarter. 0.05% of the stock is currently owned by corporate insiders.

Newmont Trading Up 2.2%

NEM opened at $101.52 on Monday. The firm has a 50 day simple moving average of $89.13 and a 200 day simple moving average of $75.84. Newmont Corporation has a fifty-two week low of $36.86 and a fifty-two week high of $102.36. The company has a market cap of $110.78 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 0.70 and a beta of 0.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 1.74.

Newmont (NYSE:NEM) last released its earnings results on Thursday, October 23rd. The basic materials company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.44. The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.14 billion. Newmont had a net margin of 33.42% and a return on equity of 20.35%. The business’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 EPS. On average, sell-side analysts anticipate that Newmont Corporation will post 3.45 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 22nd. Investors of record on Wednesday, November 26th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. Newmont’s payout ratio is 15.53%.

Analyst Ratings Changes

Several brokerages recently issued reports on NEM. Zacks Research downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. UBS Group upped their target price on shares of Newmont from $105.50 to $125.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. Bank of America raised their price target on shares of Newmont from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 16th. TD Securities upped their price objective on Newmont from $67.00 to $89.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada increased their price objective on Newmont from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Five investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $96.37.

Newmont Profile

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.