Charles Schwab Investment Management Inc. Purchases 92,354 Shares of Newmont Co. (NYSE:NEM)

Charles Schwab Investment Management Inc. lifted its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,850,404 shares of the basic materials company's stock after purchasing an additional 92,354 shares during the period. Charles Schwab Investment Management Inc. owned about 0.60% of Newmont worth $254,972,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NEM. Avior Wealth Management LLC increased its position 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 period. Prospera Private Wealth LLC bought a new stake in shares of Newmont in the third quarter worth $28,000. HHM Wealth Advisors LLC increased its holdings in Newmont by 66.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 350 shares during the period. McIlrath & Eck LLC lifted its holdings in Newmont by 80.6% during the 3rd quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company's stock worth $43,000 after buying an additional 361 shares during the period. Finally, Kestra Investment Management LLC acquired a new stake in shares of Newmont in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 68.85% of the company's stock.

Insider Activity

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total transaction of $90,785.67. Following the transaction, the director now directly owns 47,916 shares in the company, valued at approximately $2,094,408.36. This trade represents a 4.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Natascha Viljoen sold 9,000 shares of Newmont stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $360,000.00. Following the transaction, the chief operating officer now directly owns 145,967 shares in the company, valued at $5,838,680. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,231 shares of company stock worth $1,388,758 over the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on NEM. JPMorgan Chase & Co. upgraded Newmont from a "neutral" rating to an "overweight" rating in a report on Tuesday, November 19th. Royal Bank of Canada upped their price objective on shares of Newmont from $47.00 to $52.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 11th. Raymond James lowered their target price on shares of Newmont from $62.00 to $59.00 and set an "outperform" rating for the company in a research note on Monday, November 25th. Bernstein Bank upped their price target on shares of Newmont from $55.00 to $58.00 in a research report on Monday, November 11th. Finally, CLSA initiated coverage on Newmont in a report on Friday, November 29th. They set an "underperform" rating for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $53.16.

Newmont Price Performance

Shares of NEM opened at $43.89 on Thursday. The stock has a market cap of $49.46 billion, a P/E ratio of 14.98, a P/E/G ratio of 0.41 and a beta of 0.52. The business's fifty day moving average is $42.29 and its 200 day moving average is $46.14. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. Newmont Co. has a 12-month low of $33.29 and a 12-month high of $58.72.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.29. Newmont had a net margin of 17.92% and a return on equity of 13.52%. The firm had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.32 billion. Sell-side analysts anticipate that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Tuesday, March 4th. Newmont's dividend payout ratio (DPR) is presently 34.13%.

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.

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