35,277 Shares in Newmont Co. (NYSE:NEM) Bought by Headlands Technologies LLC

Headlands Technologies LLC purchased a new stake in Newmont Co. (NYSE:NEM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 35,277 shares of the basic materials company's stock, valued at approximately $1,313,000.

Several other hedge funds also recently modified their holdings of the company. HighPoint Advisor Group LLC boosted its holdings in Newmont by 3.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 5,992 shares of the basic materials company's stock worth $223,000 after purchasing an additional 219 shares during the last quarter. Confluence Investment Management LLC raised its holdings in shares of Newmont by 2.4% in the 4th quarter. Confluence Investment Management LLC now owns 11,788 shares of the basic materials company's stock worth $439,000 after purchasing an additional 281 shares during the period. Howard Capital Management Inc. lifted its position in shares of Newmont by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 5,653 shares of the basic materials company's stock valued at $210,000 after buying an additional 292 shares during the last quarter. Intact Investment Management Inc. lifted its holdings in Newmont by 21.4% during the fourth quarter. Intact Investment Management Inc. now owns 1,700 shares of the basic materials company's stock valued at $63,000 after purchasing an additional 300 shares during the last quarter. Finally, Fiduciary Financial Group LLC boosted its holdings in Newmont by 3.6% in the 4th quarter. Fiduciary Financial Group LLC now owns 8,654 shares of the basic materials company's stock worth $338,000 after buying an additional 303 shares during the period. Institutional investors and hedge funds own 68.85% of the company's stock.

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Newmont Trading Down 0.7 %

Shares of Newmont stock traded down $0.35 on Thursday, hitting $48.38. The stock had a trading volume of 17,425,238 shares, compared to its average volume of 9,680,573. The stock's 50-day simple moving average is $45.30 and its two-hundred day simple moving average is $45.39. Newmont Co. has a one year low of $36.60 and a one year high of $58.72. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. The stock has a market cap of $54.53 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.41 and a beta of 0.54.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.29. The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.32 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%. As a group, sell-side analysts predict that Newmont Co. will post 3.45 EPS for the current year.

Newmont Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Tuesday, March 4th. Newmont's payout ratio is 34.13%.

Wall Street Analysts Forecast Growth

NEM has been the topic of several recent research reports. StockNews.com upgraded Newmont from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. TD Securities cut their price target on shares of Newmont from $46.00 to $45.00 and set a "hold" rating for the company in a report on Wednesday, February 26th. The Goldman Sachs Group began coverage on Newmont in a report on Monday, January 13th. They set a "buy" rating and a $47.20 price objective for the company. Royal Bank of Canada boosted their price target on shares of Newmont from $47.00 to $52.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 11th. Finally, National Bank Financial upgraded shares of Newmont to a "hold" rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Newmont has an average rating of "Moderate Buy" and an average price target of $53.16.

Insiders Place Their Bets

In other news, Director Bruce R. Brook sold 2,077 shares of the firm'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 trade represents a 3.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Natascha Viljoen sold 9,000 shares of Newmont stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $360,000.00. Following the sale, the chief operating officer now directly owns 145,967 shares in the company, valued at $5,838,680. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,231 shares of company stock worth $1,388,758. 0.05% of the stock is currently owned by company insiders.

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.