Newmont Co. (NYSE:NEM) Shares Sold by Financial Sense Advisors Inc.

Financial Sense Advisors Inc. reduced its holdings in Newmont Co. (NYSE:NEM - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,257 shares of the basic materials company's stock after selling 35,463 shares during the period. Newmont comprises 1.4% of Financial Sense Advisors Inc.'s holdings, making the stock its 16th largest position. Financial Sense Advisors Inc.'s holdings in Newmont were worth $4,290,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NEM. Creative Planning grew its holdings in Newmont by 23.4% in the third quarter. Creative Planning now owns 129,379 shares of the basic materials company's stock valued at $6,915,000 after purchasing an additional 24,536 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Newmont by 8.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 512,789 shares of the basic materials company's stock valued at $27,409,000 after purchasing an additional 39,045 shares during the period. Whittier Trust Co. boosted its stake in shares of Newmont by 3.0% in the third quarter. Whittier Trust Co. now owns 15,040 shares of the basic materials company's stock worth $804,000 after acquiring an additional 435 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Newmont by 35.4% during the third quarter. Sequoia Financial Advisors LLC now owns 13,382 shares of the basic materials company's stock worth $715,000 after purchasing an additional 3,498 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Newmont by 3.5% in the 3rd quarter. Signaturefd LLC now owns 23,486 shares of the basic materials company's stock valued at $1,255,000 after purchasing an additional 802 shares during the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NEM. Cibc World Mkts cut shares of Newmont from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 28th. UBS Group cut shares of Newmont from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $67.00 to $54.00 in a research note on Wednesday, October 30th. CLSA started coverage on shares of Newmont in a research note on Friday, November 29th. They issued an "underperform" rating on the stock. Raymond James decreased their target price on shares of Newmont from $62.00 to $59.00 and set an "outperform" rating on the stock in a research note on Monday, November 25th. Finally, The Goldman Sachs Group started coverage on shares of Newmont in a research report on Monday, January 13th. They set a "buy" rating and a $47.20 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.37.

Insider Buying and Selling

In other news, Director Bruce R. Brook sold 2,077 shares of the company's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $83,080.00. Following the completion of the sale, the director now directly owns 52,070 shares of the company's stock, valued at approximately $2,082,800. This represents a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Natascha Viljoen sold 9,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total transaction of $386,010.00. Following the completion of the sale, the chief operating officer now directly owns 136,967 shares of the company's stock, valued at $5,874,514.63. The trade was a 6.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,154 shares of company stock worth $1,166,843. Corporate insiders own 0.06% of the company's stock.

Newmont Trading Down 5.1 %

NYSE NEM traded down $2.46 on Friday, reaching $45.63. The stock had a trading volume of 12,152,077 shares, compared to its average volume of 9,275,502. The stock has a fifty day moving average price of $41.46 and a two-hundred day moving average price of $46.47. The firm has a market capitalization of $51.95 billion, a price-to-earnings ratio of -30.12, a P/E/G ratio of 0.40 and a beta of 0.52. 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 $29.42 and a 12-month high of $58.72.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.11 by $0.29. The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.32 billion. Newmont had a negative net margin of 7.03% and a positive return on equity of 9.80%. As a group, sell-side analysts forecast that Newmont Co. will post 3.11 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 4th will be paid 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 2.19%. Newmont's payout ratio is currently -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.