Bcwm LLC Invests $947,000 in Newmont Co. (NYSE:NEM)

Bcwm LLC bought a new position in Newmont Co. (NYSE:NEM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 25,435 shares of the basic materials company's stock, valued at approximately $947,000.

Several other institutional investors and hedge funds have also made changes to their positions in NEM. HHM Wealth Advisors LLC increased its stake in Newmont by 66.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock worth $33,000 after buying an additional 350 shares during the period. Promus Capital LLC purchased a new stake in shares of Newmont in the fourth quarter valued at approximately $38,000. McIlrath & Eck LLC grew its stake in Newmont by 80.6% in the third quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company's stock worth $43,000 after purchasing an additional 361 shares in the last quarter. Kestra Investment Management LLC purchased a new position in Newmont during the 4th quarter worth $43,000. Finally, Assetmark Inc. grew its position in shares of 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 buying an additional 820 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors.

Insider Activity at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $120,000.00. Following the completion of the transaction, the executive vice president now owns 82,596 shares in the company, valued at approximately $3,303,840. This represents a 3.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Natascha Viljoen sold 9,000 shares of the firm's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $360,000.00. Following the sale, the chief operating officer now owns 145,967 shares in the company, valued at $5,838,680. This trade represents a 5.81 % decrease in their ownership of the stock. 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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Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Newmont in a research note on Monday, January 13th. They issued a "buy" rating and a $47.20 price objective for the company. Scotiabank decreased their price objective on Newmont from $52.00 to $50.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 21st. National Bank Financial upgraded Newmont to a "hold" rating in a research note on Friday, March 21st. TD Securities decreased 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, Royal Bank of Canada lifted their price objective on shares of Newmont from $47.00 to $52.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.16.

Newmont Stock Performance

NYSE NEM traded up $0.05 on Thursday, hitting $48.78. 9,585,037 shares of the company's stock traded hands, compared to its average volume of 9,673,707. The firm's 50-day moving average price is $45.17 and its two-hundred day moving average price is $45.37. The firm has a market capitalization of $54.99 billion, a PE ratio of 16.65, a P/E/G ratio of 0.41 and a beta of 0.54. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. Newmont Co. has a 1-year low of $36.60 and a 1-year high of $58.72.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.11 by $0.29. The company had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.32 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%. As a group, analysts expect that Newmont Co. will post 3.45 EPS for the current year.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 4th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Tuesday, March 4th. Newmont's dividend payout ratio is currently 34.13%.

Newmont 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.