Cheviot Value Management LLC Purchases 6,671 Shares of Newmont Co. (NYSE:NEM)

Cheviot Value Management LLC grew its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 2.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 337,099 shares of the basic materials company's stock after acquiring an additional 6,671 shares during the period. Newmont comprises about 2.4% of Cheviot Value Management LLC's holdings, making the stock its 12th largest holding. Cheviot Value Management LLC's holdings in Newmont were worth $12,547,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. HighPoint Advisor Group LLC lifted its stake in shares of Newmont by 3.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 5,992 shares of the basic materials company's stock worth $223,000 after buying an additional 219 shares in the last quarter. Confluence Investment Management LLC boosted its position in shares of Newmont by 2.4% during the fourth quarter. Confluence Investment Management LLC now owns 11,788 shares of the basic materials company's stock valued at $439,000 after buying an additional 281 shares during the last quarter. Howard Capital Management Inc. increased its holdings in Newmont by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 5,653 shares of the basic materials company's stock worth $210,000 after buying an additional 292 shares in the last quarter. Intact Investment Management Inc. raised its position in Newmont by 21.4% in the 4th quarter. Intact Investment Management Inc. now owns 1,700 shares of the basic materials company's stock worth $63,000 after buying an additional 300 shares during the last quarter. Finally, Fiduciary Financial Group LLC lifted its stake in Newmont by 3.6% during the 4th quarter. Fiduciary Financial Group LLC now owns 8,654 shares of the basic materials company's stock valued at $338,000 after acquiring an additional 303 shares during the period. Institutional investors own 68.85% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. BMO Capital Markets restated an "outperform" rating on shares of Newmont in a report on Thursday. Scotiabank reiterated a "sector perform" rating on shares of Newmont in a research note on Monday, April 14th. TD Securities cut their target price 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. Argus set a $63.00 price target on shares of Newmont in a research report on Friday. Finally, StockNews.com raised shares of Newmont from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Newmont has an average rating of "Moderate Buy" and an average price target of $55.40.

Newmont Price Performance

NYSE NEM traded up $0.11 during trading hours on Monday, reaching $54.05. The company's stock had a trading volume of 9,365,415 shares, compared to its average volume of 9,858,359. 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 1 year low of $36.86 and a 1 year high of $58.72. The firm's 50-day moving average price is $47.89 and its 200-day moving average price is $45.07. The company has a market capitalization of $60.93 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 0.41 and a beta of 0.54.

Newmont (NYSE:NEM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.54. The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.82 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%. During the same quarter in the prior year, the business earned $0.55 earnings per share. On average, equities research analysts predict that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Tuesday, May 27th. Newmont's payout ratio is presently 22.42%.

Insider Buying and Selling at Newmont

In other news, COO Natascha Viljoen sold 9,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $386,010.00. Following the sale, the chief operating officer now directly owns 136,967 shares in the company, valued at $5,874,514.63. The trade was a 6.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $90,785.67. Following the completion of the transaction, the director now directly owns 47,916 shares of the company's stock, valued at approximately $2,094,408.36. The trade was a 4.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,154 shares of company stock worth $825,678 in the last quarter. 0.05% of the stock is owned by corporate insiders.

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.