Hara Capital LLC Boosts Stock Position in Newmont Co. (NYSE:NEM)

Hara Capital LLC grew its stake in shares of Newmont Co. (NYSE:NEM - Free Report) by 27.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 35,315 shares of the basic materials company's stock after acquiring an additional 7,676 shares during the quarter. Hara Capital LLC's holdings in Newmont were worth $1,314,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in Newmont during the third quarter valued at approximately $301,000. Creative Planning increased its stake in shares of Newmont by 23.4% in the 3rd 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 last quarter. Good Life Advisors LLC raised its holdings in shares of Newmont by 4.6% during the 3rd quarter. Good Life Advisors LLC now owns 5,182 shares of the basic materials company's stock worth $277,000 after buying an additional 229 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of Newmont by 10.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 19,327 shares of the basic materials company's stock worth $1,033,000 after buying an additional 1,859 shares during the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new stake in Newmont in the third quarter valued at about $201,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. CIBC downgraded Newmont from a "sector outperform" rating to a "neutral" rating in a research note on Monday, October 28th. JPMorgan Chase & Co. upgraded shares of Newmont from a "neutral" rating to an "overweight" rating in a research report on Tuesday, November 19th. Cibc World Mkts lowered shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 28th. CLSA assumed coverage on shares of Newmont in a report on Friday, November 29th. They set an "underperform" rating for the company. Finally, Raymond James cut their price objective on Newmont from $62.00 to $59.00 and set an "outperform" rating on the stock in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $53.37.

Newmont Trading Down 5.9 %

Shares of NYSE NEM traded down $2.84 during midday trading on Friday, reaching $45.25. The stock had a trading volume of 17,229,932 shares, compared to its average volume of 9,447,639. The company's 50 day moving average price is $41.56 and its 200 day moving average price 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 twelve month low of $29.42 and a twelve month high of $58.72. The firm has a market cap of $51.52 billion, a price-to-earnings ratio of -29.77, a price-to-earnings-growth 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 analysts' consensus estimates of $1.11 by $0.29. Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.32 billion. As a group, sell-side analysts expect that Newmont Co. will post 3.11 EPS for the current year.

Newmont Dividend Announcement

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

Insider Activity

In other news, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $40.00, for a total transaction 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 $2,082,800. The trade was a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Harry M. Iv Conger bought 9,498 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average price of $42.15 per share, for a total transaction of $400,340.70. Following the acquisition, the director now directly owns 14,498 shares in the company, valued at $611,090.70. The trade was a 189.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 28,154 shares of company stock worth $1,166,843 in the last three months. Company insiders own 0.06% of the company's stock.

Newmont Company 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.