118,556 Shares in Newmont Co. (NYSE:NEM) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new stake in Newmont Co. (NYSE:NEM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 118,556 shares of the basic materials company's stock, valued at approximately $4,413,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC raised its stake in Newmont by 66.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 350 shares in the last quarter. Promus Capital LLC bought a new stake in shares of Newmont during the 4th quarter worth approximately $38,000. McIlrath & Eck LLC boosted its position in shares of Newmont by 80.6% during the 3rd quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company's stock worth $43,000 after acquiring an additional 361 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Newmont during the fourth quarter valued at approximately $43,000. Finally, Assetmark Inc. raised its position in Newmont by 185.9% during the fourth quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 820 shares in the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Newmont

In other Newmont news, COO Natascha Viljoen sold 9,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $360,000.00. Following the transaction, the chief operating officer now owns 145,967 shares in the company, valued at approximately $5,838,680. This represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $120,000.00. Following the sale, the executive vice president now owns 82,596 shares of the company's stock, valued at approximately $3,303,840. This represents a 3.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,231 shares of company stock valued at $1,388,758. 0.05% of the stock is currently owned by company insiders.

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Newmont Trading Down 0.1 %

Shares of NYSE NEM traded down $0.06 during midday trading on Tuesday, reaching $48.22. The stock had a trading volume of 7,173,984 shares, compared to its average volume of 10,229,235. Newmont Co. has a twelve month low of $36.44 and a twelve month high of $58.72. 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's 50 day moving average price is $44.91 and its 200 day moving average price is $45.39. The firm has a market cap of $54.35 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly 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. Newmont had a net margin of 17.92% and a return on equity of 13.52%. The business had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.32 billion. As a group, sell-side analysts expect that Newmont Co. will post 3.45 EPS for the current year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th were issued a $0.25 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.00 dividend on an annualized basis and a yield of 2.07%. Newmont's payout ratio is currently 34.13%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NEM. Royal Bank of Canada lifted their price target on Newmont from $47.00 to $52.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 11th. Scotiabank decreased their target price on Newmont from $52.00 to $50.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 21st. The Goldman Sachs Group started coverage on shares of Newmont in a report on Monday, January 13th. They issued a "buy" rating and a $47.20 target price for the company. TD Securities decreased their price target on shares of Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a report on Wednesday, February 26th. Finally, National Bank Financial raised shares of Newmont to a "hold" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $53.16.

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.