Argent Trust Co Has $1.57 Million Stock Position in Newmont Co. (NYSE:NEM)

Argent Trust Co increased its holdings in Newmont Co. (NYSE:NEM - Free Report) by 61.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,169 shares of the basic materials company's stock after purchasing an additional 16,094 shares during the quarter. Argent Trust Co's holdings in Newmont were worth $1,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of NEM. HighPoint Advisor Group LLC lifted its holdings in Newmont by 3.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 5,992 shares of the basic materials company's stock valued at $223,000 after acquiring an additional 219 shares during the last quarter. Confluence Investment Management LLC lifted its stake in 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 purchasing an additional 281 shares during the last quarter. Howard Capital Management Inc. boosted its holdings in Newmont by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 5,653 shares of the basic materials company's stock worth $210,000 after buying an additional 292 shares in the last quarter. Intact Investment Management Inc. grew its position in 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. Finally, Fiduciary Financial Group LLC increased its holdings in shares of 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 buying an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company's stock.

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Newmont Stock Down 0.4 %

NYSE:NEM traded down $0.21 during trading hours on Monday, reaching $54.76. The company's stock had a trading volume of 13,946,697 shares, compared to its average volume of 9,824,169. Newmont Co. has a one year low of $36.60 and a one year high of $58.72. The business's 50-day moving average is $46.17 and its 200-day moving average is $44.97. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. The company has a market cap of $61.73 billion, a price-to-earnings ratio of 18.69, 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 data on Thursday, February 20th. The basic materials company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.29. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.32 billion. Equities research analysts predict that Newmont Co. will post 3.45 EPS for the current year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 4th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.83%. The ex-dividend date was Tuesday, March 4th. Newmont's payout ratio is currently 34.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on Newmont from $51.00 to $52.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. Raymond James upped their price objective on shares of Newmont from $54.00 to $63.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. National Bank Financial raised shares of Newmont to a "hold" rating in a research report on Friday, March 21st. TD Securities reduced their price target on shares of Newmont from $46.00 to $45.00 and set a "hold" rating for the company in a research report on Wednesday, February 26th. Finally, UBS Group upgraded shares of Newmont from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $50.00 to $60.00 in a research report on Friday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $54.55.

Insider Buying and Selling at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $128,670.00. Following the sale, the executive vice president now owns 79,596 shares of the company's stock, valued at $3,413,872.44. The trade was a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $89,082.53. Following the sale, the director now directly owns 49,993 shares in the company, valued at $2,144,199.77. The trade was a 3.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,154 shares of company stock valued at $825,678 in the last ninety days. Company insiders own 0.05% of the company's stock.

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.