30,200 Shares in Newmont Co. (NYSE:NEM) Bought by Polianta Ltd

Polianta Ltd purchased a new stake in Newmont Co. (NYSE:NEM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 30,200 shares of the basic materials company's stock, valued at approximately $1,124,000.

Other large investors have also made changes to their positions in the company. Hoese & Co LLP bought a new stake in shares of Newmont during the 3rd quarter worth approximately $27,000. Avior Wealth Management LLC grew its stake in Newmont by 191.8% in the 3rd quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company's stock valued at $27,000 after buying an additional 326 shares during the last quarter. Prospera Private Wealth LLC bought a new position in shares of Newmont during the third quarter worth approximately $28,000. Highline Wealth Partners LLC acquired a new stake in shares of Newmont during the third quarter worth $32,000. Finally, McIlrath & Eck LLC raised its stake in Newmont by 80.6% in the 3rd quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company's stock worth $43,000 after purchasing an additional 361 shares in the last quarter. Institutional investors own 68.85% of the company's stock.

Analyst Upgrades and Downgrades

NEM has been the topic of a number of analyst reports. Scotiabank downgraded shares of Newmont from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $59.00 to $55.00 in a research note on Friday, October 25th. Jefferies Financial Group increased their target price on Newmont from $54.00 to $63.00 and gave the company a "buy" rating in a research report on Friday, October 4th. CIBC downgraded shares of Newmont from a "sector outperform" rating to a "neutral" rating in a research note on Monday, October 28th. JPMorgan Chase & Co. upgraded Newmont from a "neutral" rating to an "overweight" rating in a research report on Tuesday, November 19th. Finally, Cibc World Mkts downgraded shares of Newmont from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Newmont presently has a consensus rating of "Moderate Buy" and an average price target of $53.80.

Insiders Place Their Bets

In related news, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $83,080.00. Following the sale, the director now owns 52,070 shares of the company's stock, valued at approximately $2,082,800. This represents a 3.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Natascha Viljoen sold 9,000 shares of the company's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $360,000.00. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 14,077 shares of company stock valued at $563,080 over the last ninety days. 0.06% of the stock is currently owned by insiders.

Newmont Stock Performance

NYSE:NEM traded up $0.07 during trading on Monday, reaching $41.72. The company's stock had a trading volume of 7,285,053 shares, compared to its average volume of 8,329,923. Newmont Co. has a 12 month low of $29.42 and a 12 month high of $58.72. The firm has a market cap of $47.50 billion, a price-to-earnings ratio of -27.45, a price-to-earnings-growth ratio of 0.31 and a beta of 0.50. The firm has a 50 day moving average of $40.29 and a 200-day moving average of $46.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96.

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

Newmont Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Wednesday, November 27th. Newmont's dividend payout ratio (DPR) is -65.79%.

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.