6,059 Shares in Newmont Corporation $NEM Acquired by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC acquired a new position in Newmont Corporation (NYSE:NEM) in the 3rd quarter, HoldingsChannel reports. The firm acquired 6,059 shares of the basic materials company’s stock, valued at approximately $699,000.

A number of other large investors also recently modified their holdings of NEM. BlackRock Inc. purchased a new position in shares of Newmont during the second quarter valued at approximately $11,289,753,000. State Street Corp lifted its stake in Newmont by 3.1% during the 2nd quarter. State Street Corp now owns 52,396,702 shares of the basic materials company’s stock valued at $4,893,852,000 after acquiring an additional 1,565,716 shares in the last quarter. Van ECK Associates Corp purchased a new position in Newmont during the 2nd quarter worth $671,197,000. Bank of New York Mellon Corp purchased a new position in Newmont during the 2nd quarter worth $1,219,505,000. Finally, First Eagle Investment Management LLC purchased a new stake in shares of Newmont in the second quarter valued at about $241,820,000. Institutional investors own 68.85% of the company’s stock.

Newmont Stock Down 0.5%

Shares of NYSE:NEM opened at $118.03 on Tuesday. The company has a market capitalization of $124.37 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 2.20 and a beta of 0.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26. The business has a fifty day moving average price of $122.08 and a two-hundred day moving average price of $110.96. Newmont Corporation has a 1 year low of $76.05 and a 1 year high of $135.29.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.05. The firm had revenue of $6.12 billion during the quarter, compared to analyst estimates of $6.35 billion. Newmont had a return on equity of 29.10% and a net margin of 33.36%. During the same period last year, the firm posted $1.43 EPS. Analysts forecast that Newmont Corporation will post 9.05 earnings per share for the current year.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Thursday, September 3rd were given a dividend of $0.26 per share. The ex-dividend date was Thursday, September 3rd. This represents a $1.04 annualized dividend and a yield of 0.9%. Newmont’s dividend payout ratio is presently 13.13%.

Analyst Upgrades and Downgrades

NEM has been the topic of a number of recent analyst reports. Sanford C. Bernstein dropped their price target on shares of Newmont from $147.00 to $144.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 9th. TD upped their price objective on shares of Newmont from $127.00 to $133.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. BNP Paribas Exane decreased their price objective on shares of Newmont from $111.00 to $102.00 and set a “neutral” rating for the company in a research note on Tuesday, July 21st. Canadian Imperial Bank of Commerce set a $154.00 price objective on shares of Newmont in a research note on Friday. Finally, Barclays dropped their target price on shares of Newmont from $124.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $133.45.

Insider Activity at Newmont

In other Newmont news, CEO Natascha Viljoen sold 7,764 shares of Newmont stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $104.00, for a total value of $807,456.00. Following the sale, the chief executive officer owned 135,235 shares of the company’s stock, valued at approximately $14,064,440. The trade was a 5.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $114.81, for a total transaction of $344,430.00. Following the completion of the transaction, the executive vice president owned 34,315 shares in the company, valued at approximately $3,939,705.15. The trade was a 8.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 35,973 shares of company stock worth $3,927,169. 0.06% of the stock is owned by company insiders.

Newmont Profile

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.