Newmont Co. (NYSE:NEM) Shares Sold by Aviva PLC

Aviva PLC trimmed its holdings in Newmont Co. (NYSE:NEM - Free Report) by 31.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 870,314 shares of the basic materials company's stock after selling 395,791 shares during the quarter. Aviva PLC owned about 0.08% of Newmont worth $32,393,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. HHM Wealth Advisors LLC raised its position in Newmont by 66.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock worth $33,000 after acquiring an additional 350 shares during the period. Promus Capital LLC purchased a new position in shares of Newmont during the 4th quarter valued at about $38,000. McIlrath & Eck LLC grew its stake in shares of Newmont by 80.6% during the 3rd quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company's stock valued at $43,000 after acquiring an additional 361 shares during the period. Kestra Investment Management LLC purchased a new stake in Newmont in the 4th quarter worth approximately $43,000. Finally, Assetmark Inc. raised its stake in Newmont by 185.9% during the 4th quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company's stock worth $47,000 after acquiring an additional 820 shares during the period. Hedge funds and other institutional investors own 68.85% of the company's stock.

Insiders Place Their Bets

In related news, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $120,000.00. Following the transaction, the executive vice president now directly owns 82,596 shares of the company's stock, valued at $3,303,840. This represents a 3.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Bruce R. Brook sold 2,077 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $43.71, for a total value of $90,785.67. Following the completion of the sale, the director now directly owns 47,916 shares of the company's stock, valued at approximately $2,094,408.36. This represents a 4.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,231 shares of company stock worth $1,388,758. 0.05% of the stock is owned by corporate insiders.

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Newmont Stock Up 4.3 %

NYSE NEM traded up $2.10 during trading on Thursday, reaching $50.85. 11,174,544 shares of the company's stock traded hands, compared to its average volume of 9,751,312. The company's 50 day simple moving average is $45.78 and its two-hundred day simple moving average is $45.08. Newmont Co. has a 12-month low of $36.60 and a 12-month high of $58.72. The firm has a market cap of $57.32 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54. 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 issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.29. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.32 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%. As a group, sell-side analysts forecast that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.00 annualized dividend and a yield of 1.97%. Newmont's dividend payout ratio (DPR) is presently 34.13%.

Analyst Ratings Changes

Several research analysts recently weighed in on NEM shares. Raymond James upped their target price on shares of Newmont from $54.00 to $63.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Royal Bank of Canada raised their target price on shares of Newmont from $51.00 to $52.00 and gave the company a "sector perform" rating in a research note on Friday, April 4th. The Goldman Sachs Group started coverage on shares of Newmont in a research note on Monday, January 13th. They issued a "buy" rating and a $47.20 price target on the stock. StockNews.com upgraded Newmont from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. Finally, TD Securities reduced their price objective on Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $54.09.

About Newmont

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.