CreativeOne Wealth LLC Buys New Position in Newmont Co. (NYSE:NEM)

CreativeOne Wealth LLC acquired a new stake in shares of Newmont Co. (NYSE:NEM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,214 shares of the basic materials company's stock, valued at approximately $417,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HighPoint Advisor Group LLC raised its stake in shares of Newmont by 3.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 5,992 shares of the basic materials company's stock worth $223,000 after purchasing an additional 219 shares during the last quarter. Confluence Investment Management LLC raised its position in Newmont by 2.4% during the 4th quarter. Confluence Investment Management LLC now owns 11,788 shares of the basic materials company's stock worth $439,000 after buying an additional 281 shares during the last quarter. Howard Capital Management Inc. lifted its stake in Newmont by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 5,653 shares of the basic materials company's stock valued at $210,000 after acquiring an additional 292 shares during the period. Intact Investment Management Inc. boosted its holdings in shares of Newmont by 21.4% in the 4th quarter. Intact Investment Management Inc. now owns 1,700 shares of the basic materials company's stock valued at $63,000 after acquiring an additional 300 shares during the last quarter. Finally, Fiduciary Financial Group LLC raised its holdings in shares of Newmont by 3.6% during the fourth quarter. Fiduciary Financial Group LLC now owns 8,654 shares of the basic materials company's stock worth $338,000 after purchasing an additional 303 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $90,785.67. Following the sale, the director now owns 47,916 shares of the company's stock, valued at approximately $2,094,408.36. The trade was a 4.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Natascha Viljoen sold 9,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $386,010.00. Following the completion of the transaction, the chief operating officer now owns 136,967 shares of the company's stock, valued at $5,874,514.63. The trade was a 6.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,154 shares of company stock worth $825,678. 0.05% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NEM. StockNews.com raised Newmont from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Raymond James lifted their target price on shares of Newmont from $54.00 to $63.00 and gave the company an "outperform" rating in a report on Friday, April 4th. BMO Capital Markets began coverage on shares of Newmont in a research report on Wednesday. They set an "outperform" rating and a $63.00 price target on the stock. National Bank Financial upgraded shares of Newmont to a "hold" rating in a research report on Friday, March 21st. Finally, Scotiabank restated a "sector perform" rating on shares of Newmont in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $55.02.

Newmont Price Performance

Shares of NEM traded down $0.87 during trading hours on Friday, hitting $55.08. 14,364,376 shares of the stock were exchanged, compared to its average volume of 9,878,623. The stock's 50-day moving average price is $47.14 and its two-hundred day moving average price is $45.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The company has a market cap of $62.08 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54. Newmont Co. has a 12-month low of $36.60 and a 12-month high of $58.72.

Newmont (NYSE:NEM - Get Free Report) last issued its earnings results on Thursday, February 20th. The basic materials company reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.29. The business had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.32 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%. Research analysts expect that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th were given a $0.25 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.82%. Newmont's dividend payout ratio (DPR) is presently 34.13%.

Newmont 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, Papua New Guinea, Ecuador, Fiji, and Ghana.