Peter Toth Sells 3,000 Shares of Newmont (NYSE:NEM) Stock

Newmont Corporation (NYSE:NEM) EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $113.09, for a total value of $339,270.00. Following the transaction, the executive vice president owned 52,315 shares of the company’s stock, valued at $5,916,303.35. This trade represents a 5.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Peter Toth also recently made the following trade(s):

• On Wednesday, March 18th, Peter Toth sold 3,000 shares of Newmont stock. The shares were sold at an average price of $108.00, for a total value of $324,000.00.

Newmont Stock Performance

Shares of NYSE NEM traded up $0.08 during midday trading on Friday, reaching $114.13. 9,162,902 shares of the company traded hands, compared to its average volume of 12,335,818. Newmont Corporation has a 52 week low of $42.93 and a 52 week high of $134.88. The stock has a 50-day moving average price of $116.33 and a 200 day moving average price of $101.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02. The company has a market cap of $123.26 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 0.88 and a beta of 0.46.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.71. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.18 billion. Newmont had a net margin of 31.25% and a return on equity of 23.28%. Newmont’s revenue was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. Sell-side analysts anticipate that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 3rd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. This is a boost from Newmont’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, March 3rd. Newmont’s payout ratio is 16.28%.

Institutional Trading of Newmont

Large investors have recently added to or reduced their stakes in the business. GoalVest Advisory LLC bought a new position in shares of Newmont in the fourth quarter valued at $25,000. Swiss RE Ltd. acquired a new position in shares of Newmont in the 4th quarter worth $26,000. Cornerstone Planning Group LLC grew its holdings in shares of Newmont by 312.1% in the 4th quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 206 shares during the last quarter. Lodestone Wealth Management LLC acquired a new stake in shares of Newmont during the fourth quarter worth $28,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Newmont during the fourth quarter valued at $30,000. 68.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NEM. Weiss Ratings reissued a “buy (b-)” rating on shares of Newmont in a report on Monday, December 29th. National Bank Financial increased their price target on Newmont from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Zacks Research raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 5th. Macquarie Infrastructure upped their price objective on Newmont from $126.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, March 27th. Finally, Royal Bank Of Canada raised their target price on Newmont from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $133.78.

Newmont Company 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.