Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 7,715 Shares of Newmont Co. (NYSE:NEM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of Newmont Co. (NYSE:NEM - Free Report) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,069 shares of the basic materials company's stock after selling 7,715 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Newmont were worth $9,010,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NEM. Avior Wealth Management LLC increased its position in shares of Newmont by 191.8% during the third quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company's stock worth $27,000 after acquiring an additional 326 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in Newmont during the third quarter worth $28,000. HHM Wealth Advisors LLC raised its holdings in shares of 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 last quarter. Promus Capital LLC bought a new position in shares of Newmont during the 4th quarter worth approximately $38,000. Finally, McIlrath & Eck LLC lifted its holdings in Newmont by 80.6% during the third quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company's stock worth $43,000 after acquiring an additional 361 shares during the period. Institutional investors and hedge funds own 68.85% of the company's stock.

Newmont Price Performance

NEM stock traded down $0.19 during midday trading on Wednesday, reaching $47.36. The company had a trading volume of 6,828,624 shares, compared to its average volume of 9,360,622. The firm has a 50-day moving average price of $44.40 and a 200-day moving average price of $45.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. The company has a market capitalization of $53.38 billion, a P/E ratio of 16.16, a P/E/G ratio of 0.41 and a beta of 0.54. Newmont Co. has a 1 year low of $34.00 and a 1 year high of $58.72.

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Newmont (NYSE:NEM - Get Free Report) last released its earnings results on Thursday, February 20th. The basic materials company reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.29. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The business had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.32 billion. On average, research analysts anticipate that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.11%. Newmont's dividend payout ratio is 34.13%.

Insider Buying and Selling

In other news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $83,080.00. Following the transaction, the director now owns 52,070 shares in the company, valued at approximately $2,082,800. The trade was a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Peter Toth sold 3,000 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 value of $131,130.00. Following the sale, the executive vice president now owns 86,526 shares of the company's stock, valued at $3,782,051.46. This represents a 3.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,231 shares of company stock worth $1,388,758 in the last quarter. 0.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NEM has been the subject of several research analyst reports. TD Securities decreased their target price on Newmont from $46.00 to $45.00 and set a "hold" rating for the company in a research report on Wednesday, February 26th. The Goldman Sachs Group started coverage on Newmont in a report on Monday, January 13th. They issued a "buy" rating and a $47.20 price objective for the company. 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 report on Tuesday, February 11th. Scotiabank reduced their target price on shares of Newmont from $52.00 to $50.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 21st. Finally, StockNews.com raised shares of Newmont from a "hold" rating to a "buy" rating in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $53.16.

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.