19,449 Shares in Newmont Co. (NYSE:NEM) Purchased by Radnor Capital Management LLC

Radnor Capital Management LLC purchased a new stake in shares of Newmont Co. (NYSE:NEM - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 19,449 shares of the basic materials company's stock, valued at approximately $1,040,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Central Pacific Bank Trust Division acquired a new position in shares of Newmont in the first quarter valued at approximately $182,000. Empirical Finance LLC grew its stake in shares of Newmont by 5.3% in the first quarter. Empirical Finance LLC now owns 29,901 shares of the basic materials company's stock worth $1,072,000 after acquiring an additional 1,506 shares in the last quarter. AIA Group Ltd acquired a new stake in shares of Newmont in the first quarter valued at $1,165,000. Empowered Funds LLC grew its stake in Newmont by 102.9% during the 1st quarter. Empowered Funds LLC now owns 25,453 shares of the basic materials company's stock worth $912,000 after purchasing an additional 12,908 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. raised its position in Newmont by 51.2% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 13,626 shares of the basic materials company's stock valued at $488,000 after purchasing an additional 4,616 shares in the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Newmont

In other news, CEO Thomas Ronald Palmer sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $52.47, for a total transaction of $1,049,400.00. Following the completion of the sale, the chief executive officer now owns 291,469 shares in the company, valued at $15,293,378.43. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Thomas Ronald Palmer sold 20,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $52.47, for a total transaction of $1,049,400.00. Following the transaction, the chief executive officer now directly owns 291,469 shares in the company, valued at $15,293,378.43. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $53.81, for a total transaction of $161,430.00. Following the completion of the sale, the executive vice president now owns 91,596 shares of the company's stock, valued at approximately $4,928,780.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,000 shares of company stock worth $2,444,440. 0.06% of the stock is currently owned by insiders.

Newmont Stock Performance

Shares of NEM traded up $0.68 during mid-day trading on Thursday, reaching $45.16. 11,724,806 shares of the company's stock were exchanged, compared to its average volume of 10,441,122. The business's fifty day simple moving average is $52.49 and its 200-day simple moving average is $47.30. Newmont Co. has a 52-week low of $29.42 and a 52-week high of $58.72. The stock has a market capitalization of $51.41 billion, a PE ratio of -29.69, a price-to-earnings-growth ratio of 0.38 and a beta of 0.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.05). Newmont had a negative net margin of 7.03% and a positive return on equity of 9.80%. The business had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.67 billion. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The company's revenue for the quarter was up 84.7% compared to the same quarter last year. On average, equities research analysts expect that Newmont Co. will post 3.12 earnings per share for the current year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.00 dividend on an annualized basis and a yield of 2.21%. Newmont's payout ratio is -65.79%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NEM. Jefferies Financial Group upped their target price on shares of Newmont from $54.00 to $63.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. UBS Group downgraded shares of Newmont from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $67.00 to $54.00 in a research report on Wednesday, October 30th. BMO Capital Markets lifted their price objective on shares of Newmont from $56.00 to $57.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Cibc World Mkts lowered Newmont from a "strong-buy" rating to a "hold" rating in a report on Monday, October 28th. Finally, Royal Bank of Canada decreased their price target on Newmont from $54.00 to $53.00 and set a "sector perform" rating for the company in a report on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Newmont presently has a consensus rating of "Moderate Buy" and an average price target of $53.85.

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