Newmont Co. (NYSE:NEM) Shares Sold by Bokf Na

Bokf Na cut its position in Newmont Co. (NYSE:NEM) by 5.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,499 shares of the basic materials company’s stock after selling 2,753 shares during the period. Bokf Na’s holdings in Newmont were worth $2,114,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. LRI Investments LLC acquired a new position in Newmont in the 1st quarter worth approximately $25,000. Strategic Financial Concepts LLC acquired a new stake in shares of Newmont in the second quarter worth $25,000. Manchester Capital Management LLC raised its holdings in shares of Newmont by 171.9% during the fourth quarter. Manchester Capital Management LLC now owns 628 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 397 shares during the last quarter. Heritage Wealth Advisors lifted its position in Newmont by 1,310.4% during the first quarter. Heritage Wealth Advisors now owns 945 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 878 shares during the period. Finally, Crewe Advisors LLC purchased a new stake in Newmont in the first quarter valued at $35,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Newmont Stock Up 1.6 %

NYSE NEM opened at $53.71 on Friday. The business has a fifty day moving average price of $49.32 and a 200 day moving average price of $42.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.85 and a current ratio of 2.11. The company has a market cap of $61.63 billion, a P/E ratio of -20.12, a P/E/G ratio of 0.37 and a beta of 0.49. Newmont Co. has a one year low of $29.42 and a one year high of $54.25.

Newmont (NYSE:NEM) last issued its earnings results on Wednesday, July 24th. The basic materials company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.10. Newmont had a negative net margin of 13.16% and a positive return on equity of 8.35%. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same period in the prior year, the business earned $0.33 earnings per share. The company’s quarterly revenue was up 64.1% compared to the same quarter last year. Research analysts anticipate that Newmont Co. will post 2.82 EPS for the current fiscal year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, September 5th. Newmont’s dividend payout ratio is currently -37.45%.

Analyst Ratings Changes

NEM has been the subject of several analyst reports. BMO Capital Markets boosted their price objective on Newmont from $56.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Bank of America upped their price objective on Newmont from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. JPMorgan Chase & Co. lowered shares of Newmont from an “overweight” rating to a “neutral” rating in a report on Monday, July 8th. Cibc World Mkts raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Finally, BNP Paribas raised shares of Newmont to a “strong-buy” rating in a report on Friday, June 21st. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $51.46.

Insider Activity

In other Newmont news, CEO Thomas Ronald Palmer sold 20,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $49.51, for a total transaction of $990,200.00. Following the transaction, the chief executive officer now owns 311,469 shares of the company’s stock, valued at $15,420,830.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $52.47, for a total transaction of $157,410.00. Following the completion of the sale, the executive vice president now owns 94,596 shares in the company, valued at approximately $4,963,452.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas Ronald Palmer sold 20,000 shares of Newmont stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $49.51, for a total transaction of $990,200.00. Following the sale, the chief executive officer now directly owns 311,469 shares in the company, valued at approximately $15,420,830.19. The disclosure for this sale can be found here. Insiders sold 56,000 shares of company stock worth $2,744,700 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

About Newmont

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.