DekaBank Deutsche Girozentrale lifted its position in Newmont Co. (NYSE:NEM) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 482,682 shares of the basic materials company’s stock after buying an additional 63,497 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.06% of Newmont worth $28,976,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. bought a new position in shares of Newmont in the fourth quarter valued at $34,000. tru Independence LLC bought a new position in shares of Newmont in the fourth quarter valued at $42,403,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Newmont in the fourth quarter valued at $12,309,000. Dimensional Fund Advisors LP grew its stake in shares of Newmont by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,410,551 shares of the basic materials company’s stock valued at $324,072,000 after buying an additional 116,987 shares in the last quarter. Finally, Jeppson Wealth Management LLC boosted its position in Newmont by 137.0% during the fourth quarter. Jeppson Wealth Management LLC now owns 6,470 shares of the basic materials company’s stock worth $387,000 after purchasing an additional 3,740 shares during the period. 79.18% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Thomas Ronald Palmer sold 5,150 shares of the business’s stock in a transaction dated Thursday, April 1st. The stock was sold at an average price of $61.03, for a total transaction of $314,304.50. Following the sale, the chief executive officer now directly owns 281,825 shares in the company, valued at $17,199,779.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP E Randall Engel sold 5,000 shares of the business’s stock in a transaction dated Wednesday, January 13th. The stock was sold at an average price of $62.64, for a total value of $313,200.00. Following the sale, the executive vice president now owns 264,397 shares in the company, valued at $16,561,828.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,522 shares of company stock worth $1,672,787. Company insiders own 0.28% of the company’s stock.
Newmont stock opened at $62.01 on Thursday. Newmont Co. has a 12-month low of $49.36 and a 12-month high of $72.22. The company has a quick ratio of 2.47, a current ratio of 2.83 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average price is $58.95 and its two-hundred day moving average price is $60.85. The stock has a market cap of $49.63 billion, a PE ratio of 19.50 and a beta of 0.14.
Newmont (NYSE:NEM) last released its earnings results on Wednesday, February 17th. The basic materials company reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.11. Newmont had a return on equity of 7.37% and a net margin of 23.19%. During the same period in the previous year, the firm earned $0.50 EPS. As a group, analysts expect that Newmont Co. will post 2.56 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 18th. Shareholders of record on Thursday, March 4th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date was Wednesday, March 3rd. This is a boost from Newmont’s previous quarterly dividend of $0.40. Newmont’s payout ratio is currently 121.21%.
Newmont Company Profile
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, and Ghana. As of December 31, 2020, it had proven and probable gold reserves of 94.2 million ounces and land position of 58,900 square kilometers.
See Also: Cost of Equity For A Business, Investors
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