American Century Companies Inc. Sells 112,360 Shares of Newmont Co. (NYSE:NEM)

American Century Companies Inc. reduced its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 859,093 shares of the basic materials company's stock after selling 112,360 shares during the period. American Century Companies Inc. owned about 0.08% of Newmont worth $31,975,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Confluence Investment Management LLC grew its stake in shares of Newmont by 2.4% during the fourth quarter. Confluence Investment Management LLC now owns 11,788 shares of the basic materials company's stock valued at $439,000 after acquiring an additional 281 shares in the last quarter. Howard Capital Management Inc. boosted its stake in shares of 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 buying an additional 292 shares during the last quarter. Intact Investment Management Inc. increased its stake in shares of Newmont by 21.4% in the fourth quarter. Intact Investment Management Inc. now owns 1,700 shares of the basic materials company's stock worth $63,000 after buying an additional 300 shares during the last quarter. Fiduciary Financial Group LLC raised its holdings in Newmont by 3.6% in the fourth quarter. Fiduciary Financial Group LLC now owns 8,654 shares of the basic materials company's stock valued at $338,000 after acquiring an additional 303 shares in the last quarter. Finally, Conning Inc. boosted its stake in Newmont by 6.0% during the 4th quarter. Conning Inc. now owns 5,460 shares of the basic materials company's stock valued at $203,000 after acquiring an additional 311 shares during the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction 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 completion of the sale, the director now owns 47,916 shares of the company's stock, valued at $2,094,408.36. This trade represents a 4.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $120,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,596 shares in the company, valued at $3,303,840. This trade represents a 3.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,231 shares of company stock valued at $1,388,758. Company insiders own 0.05% of the company's stock.

Newmont Price Performance

Newmont stock traded down $0.20 during midday trading on Tuesday, hitting $48.08. The company's stock had a trading volume of 5,734,076 shares, compared to its average volume of 9,694,122. The stock's 50-day moving average price is $44.91 and its 200-day moving average price is $45.39. The company has a market capitalization of $54.20 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. Newmont Co. has a 12 month low of $36.10 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.29. The business had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.32 billion. Newmont had a return on equity of 13.52% and a net margin of 17.92%. Analysts anticipate that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 4th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.00 annualized dividend and a dividend yield of 2.08%. Newmont's dividend payout ratio (DPR) is presently 34.13%.

Analysts Set New Price Targets

NEM has been the subject of several research analyst reports. National Bank Financial raised shares of Newmont to a "hold" rating in a research report on Friday, March 21st. StockNews.com upgraded Newmont from a "hold" rating to a "buy" rating in a report on Monday, February 24th. TD Securities decreased 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. The Goldman Sachs Group assumed coverage on shares of Newmont in a research note on Monday, January 13th. They set a "buy" rating and a $47.20 target price for the company. Finally, Royal Bank of Canada lifted their price target on shares of Newmont from $47.00 to $52.00 and gave the company a "sector perform" rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Newmont currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.16.

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.