ORG Partners LLC Sells 4,343 Shares of Newmont Co. (NYSE:NEM)

ORG Partners LLC decreased its holdings in Newmont Co. (NYSE:NEM) by 48.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,566 shares of the basic materials company’s stock after selling 4,343 shares during the period. ORG Partners LLC’s holdings in Newmont were worth $166,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Minneapolis Portfolio Management Group LLC raised its stake in Newmont by 32.2% in the first quarter. Minneapolis Portfolio Management Group LLC now owns 697,599 shares of the basic materials company’s stock worth $25,002,000 after buying an additional 169,769 shares in the last quarter. VitalStone Financial LLC grew its holdings in Newmont by 946,000.0% in the first quarter. VitalStone Financial LLC now owns 9,461 shares of the basic materials company’s stock worth $339,000 after purchasing an additional 9,460 shares during the last quarter. Bard Financial Services Inc. grew its holdings in Newmont by 10.2% in the first quarter. Bard Financial Services Inc. now owns 65,900 shares of the basic materials company’s stock worth $2,362,000 after purchasing an additional 6,125 shares during the last quarter. Oxbow Advisors LLC grew its holdings in Newmont by 3.2% in the first quarter. Oxbow Advisors LLC now owns 20,988 shares of the basic materials company’s stock worth $752,000 after purchasing an additional 652 shares during the last quarter. Finally, Valley Wealth Managers Inc. grew its holdings in Newmont by 30.1% in the first quarter. Valley Wealth Managers Inc. now owns 294,284 shares of the basic materials company’s stock worth $10,547,000 after purchasing an additional 68,153 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

Newmont Stock Performance

NYSE NEM traded up $0.34 on Friday, reaching $47.51. 7,317,560 shares of the company’s stock traded hands, compared to its average volume of 11,565,713. The firm has a market cap of $54.79 billion, a price-to-earnings ratio of -17.82, a P/E/G ratio of 0.38 and a beta of 0.47. The stock has a 50 day moving average price of $42.29 and a 200-day moving average price of $38.30. Newmont Co. has a fifty-two week low of $29.42 and a fifty-two week high of $48.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.90 and a current ratio of 2.15.

Newmont (NYSE:NEM) last issued its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.20. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.66 billion. Newmont had a negative net margin of 20.19% and a positive return on equity of 6.88%. The company’s revenue was up 50.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Equities research analysts predict that Newmont Co. will post 2.48 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Tuesday, June 4th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.10%. Newmont’s dividend payout ratio (DPR) is currently -37.45%.

Insiders Place Their Bets

In related news, CEO Thomas Ronald Palmer sold 13,000 shares of Newmont stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $42.13, for a total value of $547,690.00. Following the sale, the chief executive officer now directly owns 331,469 shares in the company, valued at approximately $13,964,788.97. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. CIBC raised shares of Newmont from a “neutral” rating to a “sector outperform” rating and lifted their price target for the stock from $46.00 to $61.00 in a report on Wednesday. Jefferies Financial Group lifted their price target on shares of Newmont from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Friday. BNP Paribas raised shares of Newmont to a “strong-buy” rating in a report on Friday, June 21st. TD Securities boosted their price objective on shares of Newmont from $43.00 to $48.00 and gave the company a “hold” rating in a report on Friday, April 26th. Finally, StockNews.com raised shares of Newmont from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.21.

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.