PKO BP BANKOWY Universal Pension Society JSC Takes Position in Newmont Corporation $NEM

PKO BP BANKOWY Universal Pension Society JSC acquired a new stake in shares of Newmont Corporation (NYSE:NEM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 50,000 shares of the basic materials company’s stock, valued at approximately $4,992,000. Newmont comprises approximately 2.5% of PKO BP BANKOWY Universal Pension Society JSC’s investment portfolio, making the stock its 9th largest position.

Several other hedge funds have also recently made changes to their positions in the stock. Apella Capital LLC raised its holdings in shares of Newmont by 4.1% during the fourth quarter. Apella Capital LLC now owns 2,198 shares of the basic materials company’s stock valued at $219,000 after purchasing an additional 86 shares during the last quarter. New Wave Wealth Advisors LLC raised its holdings in shares of Newmont by 1.3% during the fourth quarter. New Wave Wealth Advisors LLC now owns 6,849 shares of the basic materials company’s stock valued at $684,000 after purchasing an additional 88 shares during the last quarter. Novem Group raised its holdings in shares of Newmont by 3.7% during the fourth quarter. Novem Group now owns 2,487 shares of the basic materials company’s stock valued at $248,000 after purchasing an additional 88 shares during the last quarter. Norden Group LLC raised its holdings in shares of Newmont by 0.7% during the fourth quarter. Norden Group LLC now owns 12,367 shares of the basic materials company’s stock valued at $1,235,000 after purchasing an additional 90 shares during the last quarter. Finally, Coston McIsaac & Partners raised its holdings in shares of Newmont by 28.6% during the fourth quarter. Coston McIsaac & Partners now owns 450 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 100 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NEM. Canadian Imperial Bank of Commerce decreased their price objective on shares of Newmont from $177.00 to $176.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. Jefferies Financial Group upped their target price on shares of Newmont from $162.00 to $165.00 and gave the company a “buy” rating in a report on Friday, April 10th. Argus upped their target price on shares of Newmont from $94.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. DZ Bank raised shares of Newmont to a “strong-buy” rating in a report on Monday, January 19th. Finally, National Bank Financial upped their target price on shares of Newmont from $130.00 to $140.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Newmont has a consensus rating of “Moderate Buy” and an average price target of $142.51.

Insider Activity

In other Newmont news, insider David James Fry sold 18,394 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $111.45, for a total value of $2,050,011.30. Following the completion of the transaction, the insider directly owned 17,147 shares in the company, valued at $1,911,033.15. This represents a 51.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $110.11, for a total transaction of $330,330.00. Following the completion of the transaction, the executive vice president owned 49,315 shares of the company’s stock, valued at approximately $5,430,074.65. The trade was a 5.73% 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. In the last three months, insiders have sold 43,068 shares of company stock valued at $4,769,475. Company insiders own 0.06% of the company’s stock.

Newmont Stock Up 0.7%

Shares of NEM stock opened at $109.81 on Tuesday. Newmont Corporation has a 12 month low of $49.99 and a 12 month high of $134.88. The stock has a market cap of $117.23 billion, a P/E ratio of 14.24, a P/E/G ratio of 1.52 and a beta of 0.43. The company has a current ratio of 2.44, a quick ratio of 2.17 and a debt-to-equity ratio of 0.15. The company has a 50 day simple moving average of $111.83 and a two-hundred day simple moving average of $107.46.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.83. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The business had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the prior year, the company earned $1.25 earnings per share. The firm’s revenue was up 45.8% on a year-over-year basis. On average, research analysts expect that Newmont Corporation will post 9.72 earnings per share for the current year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Wednesday, May 27th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, May 27th. Newmont’s dividend payout ratio is presently 13.49%.

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.