Yeomans Consulting Group Inc. Acquires Shares of 5,592 Newmont Corporation $NEM

Yeomans Consulting Group Inc. acquired a new stake in Newmont Corporation (NYSE:NEM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,592 shares of the basic materials company’s stock, valued at approximately $481,000.

Other institutional investors have also modified their holdings of the company. Concord Wealth Partners raised its stake in Newmont by 534.7% in the second quarter. Concord Wealth Partners now owns 457 shares of the basic materials company’s stock valued at $27,000 after buying an additional 385 shares in the last quarter. Evermay Wealth Management LLC increased its holdings in shares of Newmont by 408.2% in the 2nd quarter. Evermay Wealth Management LLC now owns 498 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 400 shares during the last quarter. Capital A Wealth Management LLC raised its position in shares of Newmont by 1,648.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 478 shares in the last quarter. Caldwell Trust Co purchased a new stake in Newmont during the second quarter worth approximately $31,000. Finally, Country Trust Bank acquired a new position in Newmont in the second quarter valued at approximately $32,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of Newmont stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $92.36, for a total value of $192,108.80. Following the transaction, the director directly owned 32,709 shares in the company, valued at approximately $3,021,003.24. This trade represents a 5.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Ronald Palmer sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $81.34, for a total value of $406,700.00. Following the sale, the chief executive officer owned 279,923 shares of the company’s stock, valued at $22,768,936.82. This trade represents a 1.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,240 shares of company stock valued at $943,985 over the last ninety days. 0.05% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on NEM shares. Macquarie raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Royal Bank Of Canada increased their target price on shares of Newmont from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Argus boosted their price target on shares of Newmont from $75.00 to $94.00 in a research report on Friday, November 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Newmont in a research note on Monday. Finally, Raymond James Financial set a $99.00 target price on Newmont and gave the stock an “outperform” rating in a research report on Friday, October 24th. Five research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $96.37.

Newmont Stock Down 0.5%

Shares of NYSE:NEM opened at $104.72 on Friday. Newmont Corporation has a 1-year low of $36.86 and a 1-year high of $105.73. 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 stock has a market cap of $114.27 billion, a P/E ratio of 16.26, a P/E/G ratio of 0.73 and a beta of 0.41. The firm has a fifty day moving average price of $90.08 and a 200 day moving average price of $76.95.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Thursday, October 23rd. The basic materials company reported $1.71 EPS 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 company had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period in the previous year, the business posted $0.81 earnings per share. Newmont’s quarterly revenue was up 20.0% on a year-over-year basis. Sell-side analysts predict that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Wednesday, November 26th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $1.00 annualized dividend and a yield of 1.0%. Newmont’s dividend payout ratio is currently 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.