Advisory Services Network LLC Has $2.40 Million Holdings in Newmont Co. (NYSE:NEM)

Advisory Services Network LLC raised its holdings in Newmont Co. (NYSE:NEM - Free Report) by 10.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,402 shares of the basic materials company's stock after buying an additional 5,941 shares during the period. Advisory Services Network LLC's holdings in Newmont were worth $2,397,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Orion Portfolio Solutions LLC lifted its holdings in Newmont by 58.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,851 shares of the basic materials company's stock worth $794,000 after purchasing an additional 5,489 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of Newmont by 5.8% during the third quarter. MML Investors Services LLC now owns 104,301 shares of the basic materials company's stock worth $5,575,000 after buying an additional 5,695 shares in the last quarter. Vestcor Inc boosted its position in shares of Newmont by 11.3% in the third quarter. Vestcor Inc now owns 23,136 shares of the basic materials company's stock valued at $1,237,000 after acquiring an additional 2,340 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of Newmont by 26.6% in the third quarter. Coldstream Capital Management Inc. now owns 14,899 shares of the basic materials company's stock valued at $764,000 after acquiring an additional 3,129 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in shares of Newmont in the third quarter valued at about $218,000. 68.85% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Newmont

In related news, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total value of $90,785.67. Following the transaction, the director now owns 47,916 shares in the company, valued at $2,094,408.36. The trade was a 4.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $42.89, for a total transaction of $128,670.00. Following the sale, the executive vice president now directly owns 79,596 shares in the company, valued at $3,413,872.44. This trade represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,154 shares of company stock worth $825,678. Insiders own 0.05% of the company's stock.

Newmont Trading Up 0.1 %

Shares of Newmont stock traded up $0.08 on Monday, hitting $55.05. The stock had a trading volume of 10,247,384 shares, compared to its average volume of 9,811,662. The stock has a 50 day moving average of $46.17 and a 200 day moving average of $44.97. The firm has a market capitalization of $62.06 billion, a P/E ratio of 18.79, a PEG ratio of 0.41 and a beta of 0.54. Newmont Co. has a twelve month low of $36.60 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.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.29. The firm 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%. Sell-side analysts expect that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.82%. The ex-dividend date was Tuesday, March 4th. Newmont's payout ratio is presently 34.13%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NEM. TD Securities cut their price objective on shares of Newmont from $46.00 to $45.00 and set a "hold" rating for the company in a report on Wednesday, February 26th. Royal Bank of Canada boosted their price target on Newmont from $51.00 to $52.00 and gave the company a "sector perform" rating in a research note on Friday, April 4th. National Bank Financial raised Newmont to a "hold" rating in a research report on Friday, March 21st. StockNews.com raised Newmont from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Finally, Raymond James increased their target price on Newmont from $54.00 to $63.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $54.55.

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.