15,920 Shares in Newmont Co. (NYSE:NEM) Purchased by Financial Enhancement Group LLC

Financial Enhancement Group LLC acquired a new stake in shares of Newmont Co. (NYSE:NEM - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,920 shares of the basic materials company's stock, valued at approximately $851,000.

Other institutional investors have also modified their holdings of the company. Concurrent Investment Advisors LLC increased its stake in shares of Newmont by 19.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 27,798 shares of the basic materials company's stock valued at $1,486,000 after purchasing an additional 4,469 shares in the last quarter. Centennial Wealth Advisory LLC boosted its holdings in Newmont by 26.4% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 7,510 shares of the basic materials company's stock worth $401,000 after buying an additional 1,568 shares during the last quarter. Radnor Capital Management LLC acquired a new stake in Newmont in the 3rd quarter worth about $1,040,000. Catalina Capital Group LLC acquired a new stake in Newmont in the 3rd quarter worth about $262,000. Finally, Cary Street Partners Asset Management LLC acquired a new stake in Newmont in the 3rd quarter worth about $210,000. Hedge funds and other institutional investors own 68.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NEM shares. Royal Bank of Canada lowered their price objective on Newmont from $54.00 to $53.00 and set a "sector perform" rating on the stock in a report on Thursday, October 24th. BMO Capital Markets lifted their price objective on Newmont from $56.00 to $57.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Jefferies Financial Group boosted their target price on Newmont from $54.00 to $63.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Raymond James boosted their target price on Newmont from $65.00 to $66.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Finally, Cibc World Mkts cut Newmont from a "strong-buy" rating to a "hold" rating in a report on Monday, October 28th. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $53.85.

Insider Buying and Selling at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $52.47, for a total value of $157,410.00. Following the completion of the transaction, the executive vice president now owns 94,596 shares in the company, valued at $4,963,452.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Thomas Ronald Palmer sold 20,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $52.47, for a total transaction of $1,049,400.00. Following the completion of the sale, the chief executive officer now owns 291,469 shares in the company, valued at approximately $15,293,378.43. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $52.47, for a total transaction of $157,410.00. Following the sale, the executive vice president now owns 94,596 shares of the company's stock, valued at $4,963,452.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,000 shares of company stock worth $2,444,440 over the last 90 days. Corporate insiders own 0.06% of the company's stock.

Newmont Stock Up 1.5 %

Shares of Newmont stock traded up $0.68 during trading hours on Thursday, reaching $45.16. 11,724,806 shares of the company were exchanged, compared to its average volume of 10,441,122. Newmont Co. has a 1 year low of $29.42 and a 1 year high of $58.72. The stock's fifty day moving average is $52.49 and its 200 day moving average is $47.30. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The firm has a market cap of $51.41 billion, a PE ratio of -29.69, a PEG ratio of 0.38 and a beta of 0.51.

Newmont (NYSE:NEM - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.05). The firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.67 billion. Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The business's revenue for the quarter was up 84.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. As a group, equities research analysts forecast that Newmont Co. will post 3.12 earnings per share for the current year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, November 27th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.00 annualized dividend and a yield of 2.21%. Newmont's dividend payout ratio is presently -65.79%.

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.