42,359 Shares of Newmont Corporation $NEM Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP bought a new stake in Newmont Corporation (NYSE:NEM) during the third quarter, HoldingsChannel reports. The firm bought 42,359 shares of the basic materials company’s stock, valued at approximately $4,960,000.

A number of other institutional investors have also modified their holdings of NEM. BlackRock Inc. acquired a new position in Newmont in the second quarter worth about $11,289,753,000. Van ECK Associates Corp bought a new stake in Newmont in the second quarter valued at about $671,197,000. Bank of New York Mellon Corp bought a new stake in Newmont in the second quarter valued at about $1,219,505,000. First Eagle Investment Management LLC acquired a new stake in Newmont during the second quarter valued at approximately $241,820,000. Finally, Amundi acquired a new stake in Newmont during the second quarter valued at approximately $209,411,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Stock Performance

Shares of NYSE NEM opened at $125.13 on Tuesday. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average price is $118.81 and its two-hundred day moving average price is $112.51. Newmont Corporation has a 52-week low of $81.34 and a 52-week high of $135.29. The stock has a market capitalization of $130.03 billion, a P/E ratio of 14.55, a P/E/G ratio of 2.15 and a beta of 0.56.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.27 billion. Newmont had a return on equity of 29.81% and a net margin of 34.73%. Newmont’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 earnings per share. As a group, sell-side analysts forecast that Newmont Corporation will post 9.14 earnings per share for the current year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Wednesday, November 25th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. Newmont’s dividend payout ratio (DPR) is 12.09%.

Insider Buying and Selling

In related news, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total transaction of $477,486.00. Following the completion of the transaction, the chief executive officer owned 131,353 shares in the company, valued at $16,156,419. The trade was a 2.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $108.04, for a total value of $324,120.00. Following the transaction, the executive vice president owned 31,315 shares of the company’s stock, valued at approximately $3,383,272.60. The trade was a 8.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,646 shares of company stock valued at $2,380,140 in the last 90 days. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on NEM shares. Zacks Research downgraded Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. The Goldman Sachs Group lowered their price target on Newmont from $127.50 to $119.00 in a report on Thursday, October 8th. Canaccord Genuity Group dropped their price target on Newmont from $160.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Bank of America raised their price objective on Newmont from $135.00 to $145.00 in a research note on Monday, August 17th. Finally, Barclays decreased their price objective on shares of Newmont from $124.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

Newmont Profile