B. Metzler seel. Sohn & Co. AG Sells 16,623 Shares of Newmont Co. (NYSE:NEM)

B. Metzler seel. Sohn & Co. AG decreased its holdings in shares of Newmont Co. (NYSE:NEM - Free Report) by 14.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 100,737 shares of the basic materials company's stock after selling 16,623 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Newmont were worth $3,749,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in NEM. Sanctuary Advisors LLC grew its holdings in Newmont by 117.3% during the third quarter. Sanctuary Advisors LLC now owns 34,686 shares of the basic materials company's stock valued at $1,854,000 after purchasing an additional 18,722 shares during the period. Nordea Investment Management AB increased its stake in Newmont by 173.0% during the 4th quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company's stock worth $92,832,000 after purchasing an additional 1,578,545 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Newmont by 57.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,379,901 shares of the basic materials company's stock worth $88,580,000 after buying an additional 865,213 shares during the period. Brookstone Capital Management bought a new position in Newmont in the fourth quarter valued at approximately $245,000. Finally, Moody National Bank Trust Division boosted its holdings in shares of Newmont by 13.6% in the fourth quarter. Moody National Bank Trust Division now owns 22,079 shares of the basic materials company's stock valued at $822,000 after buying an additional 2,645 shares during the period. Institutional investors and hedge funds own 68.85% of the company's stock.

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Newmont Stock Performance

Newmont stock traded down $4.08 during midday trading on Friday, reaching $44.25. 21,146,797 shares of the company's stock were exchanged, compared to its average volume of 9,726,290. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The stock's 50-day simple moving average is $45.30 and its 200 day simple moving average is $45.39. The firm has a market cap of $49.88 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 0.41 and a beta of 0.54. Newmont Co. has a 52 week low of $36.60 and a 52 week 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 EPS for the quarter, topping the consensus estimate of $1.11 by $0.29. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.32 billion. On average, analysts expect that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Tuesday, March 4th. Newmont's dividend payout ratio is presently 34.13%.

Insider Buying and Selling

In other news, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $83,080.00. Following the completion of the sale, the director now owns 52,070 shares in the company, valued at $2,082,800. The trade was a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $120,000.00. Following the transaction, the executive vice president now owns 82,596 shares in the company, valued at approximately $3,303,840. This trade represents a 3.50 % decrease in their position. 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.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NEM. The Goldman Sachs Group began coverage on shares of Newmont in a research report on Monday, January 13th. They issued a "buy" rating and a $47.20 price objective on the stock. StockNews.com raised Newmont from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. Raymond James lifted their target price on Newmont from $54.00 to $63.00 and gave the company an "outperform" rating in a research report on Friday. Scotiabank reduced their price target on Newmont from $52.00 to $50.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 21st. Finally, National Bank Financial upgraded shares of Newmont to a "hold" rating in a report on Friday, March 21st. One investment 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 stock. According to data from MarketBeat, Newmont presently has a consensus rating of "Moderate Buy" and an average price target of $53.44.

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.