Universal Beteiligungs und Servicegesellschaft mbH Purchases 41,677 Shares of Newmont Corporation $NEM

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Newmont Corporation (NYSE:NEM) by 2.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,705,941 shares of the basic materials company’s stock after purchasing an additional 41,677 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Newmont were worth $143,828,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in NEM. Brighton Jones LLC boosted its position in Newmont by 15.7% in the 4th quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock valued at $506,000 after buying an additional 1,847 shares during the last quarter. Woodline Partners LP raised its holdings in Newmont by 40.7% during the 1st quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock worth $4,644,000 after buying an additional 27,813 shares during the period. Sivia Capital Partners LLC bought a new stake in Newmont in the 2nd quarter valued at $240,000. UMB Bank n.a. raised its position in Newmont by 60.2% in the 2nd quarter. UMB Bank n.a. now owns 7,274 shares of the basic materials company’s stock valued at $424,000 after buying an additional 2,734 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Newmont by 5.8% in the second quarter. Farther Finance Advisors LLC now owns 17,339 shares of the basic materials company’s stock worth $1,010,000 after purchasing an additional 957 shares in the last quarter. 68.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NEM has been the subject of a number of analyst reports. DZ Bank raised shares of Newmont to a “strong-buy” rating in a research report on Monday. Royal Bank Of Canada lifted their price objective on shares of Newmont from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Scotiabank raised shares of Newmont from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $71.50 to $114.00 in a research report on Thursday, October 23rd. Raymond James Financial upped their price objective on Newmont from $111.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Finally, Bank of America increased their price target on Newmont from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Six investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $99.35.

Insider Transactions at Newmont

In other Newmont news, CEO Thomas Ronald Palmer sold 5,000 shares of Newmont stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $81.34, for a total value of $406,700.00. Following the completion of the transaction, the chief executive officer directly owned 279,923 shares of the company’s stock, valued at approximately $22,768,936.82. The trade was a 1.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce R. Brook sold 2,080 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $92.36, for a total transaction of $192,108.80. Following the sale, the director owned 32,709 shares of the company’s stock, valued at $3,021,003.24. This trade represents a 5.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 9,160 shares of company stock worth $767,206 in the last 90 days. Company insiders own 0.05% of the company’s stock.

Newmont Price Performance

NEM opened at $119.06 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 1.74. The company has a market capitalization of $129.92 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 0.80 and a beta of 0.41. Newmont Corporation has a 1 year low of $40.85 and a 1 year high of $119.35. The firm’s fifty day moving average price is $98.68 and its two-hundred day moving average price is $83.64.

Newmont (NYSE:NEM) last released its earnings results on Thursday, October 23rd. The basic materials company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.44. Newmont had a net margin of 33.42% and a return on equity of 20.35%. The firm had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the previous year, the company earned $0.81 earnings per share. The company’s quarterly revenue was up 20.0% on a year-over-year basis. As a group, analysts anticipate that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Wednesday, November 26th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, November 26th. This represents a $1.00 annualized dividend and a yield of 0.8%. Newmont’s payout ratio is presently 15.53%.

About Newmont

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.