10,023 Shares of Newmont Corporation $NEM Bought by Crumly & Associates Inc.

Crumly & Associates Inc. bought a new position in shares of Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,023 shares of the basic materials company’s stock, valued at approximately $1,156,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of Newmont during the second quarter worth about $36,180,000. Asset One Wealth Management LLC acquired a new stake in Newmont during the 2nd quarter worth about $2,866,000. Private Advisory Group LLC bought a new position in shares of Newmont in the 2nd quarter worth about $10,430,000. Commerce Bank acquired a new position in shares of Newmont in the 2nd quarter valued at about $3,418,000. Finally, Capital Financial Group Inc. Co. ADV bought a new stake in shares of Newmont during the 2nd quarter valued at about $1,135,000. 68.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NEM shares. Scotiabank raised their price target on shares of Newmont from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Royal Bank Of Canada raised their target price on Newmont from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Citigroup dropped their price target on Newmont from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Zacks Research lowered Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, UBS Group reduced their price objective on Newmont from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.26.

Insider Buying and Selling

In other news, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $114.81, for a total transaction of $445,692.42. Following the completion of the sale, the chief executive officer directly owned 127,471 shares of the company’s stock, valued at approximately $14,634,945.51. The trade was a 2.96% decrease in their position. The transaction 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 company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $114.81, for a total value of $344,430.00. Following the completion of the transaction, the executive vice president owned 34,315 shares of the company’s stock, valued at $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 quarter, insiders have sold 35,973 shares of company stock worth $3,927,169. Corporate insiders own 0.06% of the company’s stock.

Newmont Stock Performance

NEM traded down $2.28 during midday trading on Wednesday, reaching $114.11. The company had a trading volume of 1,890,069 shares, compared to its average volume of 8,668,215. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.26 and a current ratio of 2.55. The stock has a market cap of $120.23 billion, a PE ratio of 14.38, a P/E/G ratio of 1.62 and a beta of 0.51. Newmont Corporation has a 12-month low of $76.05 and a 12-month high of $135.29. The business has a 50-day moving average price of $119.50 and a two-hundred day moving average price of $109.99.

Newmont (NYSE:NEM) last posted its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.05. The company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.35 billion. Newmont had a return on equity of 29.10% and a net margin of 33.36%.During the same quarter in the prior year, the company earned $1.43 EPS. On average, sell-side analysts expect that Newmont Corporation will post 9.09 earnings per share for the current fiscal year.

Newmont Dividend Announcement

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

Newmont Profile

Newmont Corporation is a global mining company focused primarily on the exploration, development and production of gold. Its portfolio also includes operations and projects involving copper, silver, zinc and lead. The company’s activities span the mining life cycle, including exploration, mine development, production, processing, reclamation and related environmental management.

Founded in 1921, Newmont is headquartered in Denver, Colorado, and has built a long history in the gold-mining industry through organic development, acquisitions and joint ventures.