Newmont Co. (NYSE:NEM) Shares Acquired by Empower Advisory Group LLC

Empower Advisory Group LLC lifted its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,813,920 shares of the basic materials company's stock after acquiring an additional 27,605 shares during the quarter. Empower Advisory Group LLC owned 0.16% of Newmont worth $67,514,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Avior Wealth Management LLC increased its position in 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 buying an additional 326 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Newmont during the third quarter worth about $28,000. Highline Wealth Partners LLC acquired a new position in shares of Newmont in the third quarter valued at approximately $32,000. McIlrath & Eck LLC lifted its stake in shares of Newmont by 80.6% during the third quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company's stock valued at $43,000 after buying an additional 361 shares during the period. Finally, HHM Wealth Advisors LLC lifted its stake in shares of Newmont by 66.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock valued at $33,000 after buying an additional 350 shares during the period. Institutional investors and hedge funds own 68.85% of the company's stock.

Newmont Stock Down 5.9 %

Newmont stock traded down $2.84 during trading on Friday, reaching $45.25. 17,229,932 shares of the company's stock were exchanged, compared to its average volume of 9,447,639. The company's 50-day moving average is $41.56 and its two-hundred day moving average is $46.46. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. Newmont Co. has a 52-week low of $29.42 and a 52-week high of $58.72. The firm has a market cap of $51.52 billion, a price-to-earnings ratio of -29.77, a PEG ratio of 0.40 and a beta of 0.52.

Newmont (NYSE:NEM - Get Free Report) last issued its 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. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.32 billion. Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. On average, analysts predict that Newmont Co. will post 3.11 earnings per share for the current year.

Newmont Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, March 4th. Newmont's dividend payout ratio (DPR) is -65.79%.

Insider Activity

In other news, Director Harry M. Iv Conger purchased 9,498 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average cost of $42.15 per share, with a total value of $400,340.70. Following the acquisition, the director now owns 14,498 shares in the company, valued at approximately $611,090.70. This trade represents a 189.96 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction 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 transaction, the executive vice president now owns 82,596 shares in the company, valued at $3,303,840. This represents a 3.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,154 shares of company stock worth $1,166,843 over the last 90 days. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Royal Bank of Canada boosted their price target on Newmont from $47.00 to $52.00 and gave the company a "sector perform" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. upgraded Newmont from a "neutral" rating to an "overweight" rating in a research note on Tuesday, November 19th. CLSA started coverage on Newmont in a research note on Friday, November 29th. They issued an "underperform" rating on the stock. CIBC downgraded shares of Newmont from a "sector outperform" rating to a "neutral" rating in a research note on Monday, October 28th. Finally, Scotiabank cut their price objective 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $53.37.

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.