Newmont Co. (NYSE:NEM) Shares Sold by Blue Trust Inc.

Blue Trust Inc. reduced its stake in Newmont Co. (NYSE:NEM - Free Report) by 41.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,033 shares of the basic materials company's stock after selling 7,764 shares during the period. Blue Trust Inc.'s holdings in Newmont were worth $411,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC increased its holdings in Newmont by 191.8% in the 3rd quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 326 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in Newmont in the 3rd quarter valued at $28,000. Highline Wealth Partners LLC bought a new stake in Newmont in the 3rd quarter valued at $32,000. McIlrath & Eck LLC increased its holdings in Newmont by 80.6% in 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 last quarter. Finally, HHM Wealth Advisors LLC increased its holdings in Newmont by 66.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 350 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors.

Newmont Trading Down 5.9 %

Shares of NEM stock traded down $2.84 during trading hours on Friday, reaching $45.25. 17,229,932 shares of the stock were exchanged, compared to its average volume of 9,447,639. The firm has a market capitalization of $51.52 billion, a price-to-earnings ratio of -29.77, a price-to-earnings-growth ratio of 0.40 and a beta of 0.52. 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 12-month low of $29.42 and a 12-month high of $58.72. The company's 50-day moving average price is $41.56 and its 200-day moving average price is $46.46.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.29. Newmont had a negative net margin of 7.03% and a positive return on equity of 9.80%. The firm had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.32 billion. As a group, equities analysts anticipate that Newmont Co. will post 3.11 earnings per share for the current year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th will be given a $0.25 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.00 annualized dividend and a dividend yield of 2.21%. Newmont's payout ratio is presently -65.79%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NEM. CLSA began coverage on shares of Newmont in a report on Friday, November 29th. They issued an "underperform" rating on the stock. The Goldman Sachs Group began coverage on shares of Newmont in a report on Monday, January 13th. They issued a "buy" rating and a $47.20 target price on the stock. UBS Group downgraded shares of Newmont from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $67.00 to $54.00 in a report on Wednesday, October 30th. Scotiabank reduced their target price on shares of Newmont from $52.00 to $50.00 and set a "sector perform" rating on the stock in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. upgraded shares of Newmont from a "neutral" rating to an "overweight" rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Newmont currently has a consensus rating of "Moderate Buy" and an average price target of $53.37.

Insider Transactions at Newmont

In other news, Director Bruce R. Brook sold 2,077 shares of the company's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $83,080.00. Following the completion of the sale, the director now owns 52,070 shares of the company's stock, valued at approximately $2,082,800. This represents a 3.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Peter Toth sold 3,000 shares of the company'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 $120,000.00. Following the completion of the sale, the executive vice president now directly owns 82,596 shares of the company's stock, valued at $3,303,840. The trade was a 3.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,154 shares of company stock valued at $1,166,843. Company insiders own 0.06% of the company's stock.

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.