IHT Wealth Management LLC Has $1.22 Million Holdings in Newmont Co. (NYSE:NEM)

IHT Wealth Management LLC increased its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 88.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,859 shares of the basic materials company's stock after buying an additional 15,439 shares during the period. IHT Wealth Management LLC's holdings in Newmont were worth $1,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC lifted its stake in Newmont by 66.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 350 shares during the last quarter. Redwood Park Advisors LLC acquired a new stake in shares of Newmont in the fourth quarter valued at approximately $37,000. Promus Capital LLC bought a new position in shares of Newmont during the 4th quarter worth approximately $38,000. McIlrath & Eck LLC boosted its stake in shares of Newmont by 80.6% during the 3rd quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company's stock worth $43,000 after acquiring an additional 361 shares during the period. Finally, Kestra Investment Management LLC bought a new stake in Newmont in the 4th quarter valued at $43,000. 68.85% of the stock is owned by institutional investors.

Newmont Stock Down 2.6 %

NEM stock opened at $53.10 on Thursday. Newmont Co. has a 52 week low of $36.86 and a 52 week high of $58.72. The business has a 50-day simple moving average of $47.58 and a 200 day simple moving average of $45.15. 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 company has a market cap of $59.86 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.54. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.82 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%. Sell-side analysts anticipate that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Tuesday, March 4th. Newmont's dividend payout ratio is presently 34.13%.

Insider Activity

In related news, COO Natascha Viljoen sold 9,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $386,010.00. Following the completion of the transaction, the chief operating officer now owns 136,967 shares of the company's stock, valued at $5,874,514.63. This represents a 6.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $89,082.53. Following the completion of the transaction, the director now owns 49,993 shares of the company's stock, valued at $2,144,199.77. The trade was a 3.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,154 shares of company stock worth $825,678. Insiders own 0.05% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NEM shares. National Bank Financial raised shares of Newmont to a "hold" rating in a research report on Friday, March 21st. Scotiabank reaffirmed a "sector perform" rating on shares of Newmont in a report on Monday, April 14th. BMO Capital Markets assumed coverage on shares of Newmont in a report on Wednesday, April 16th. They issued an "outperform" rating and a $63.00 price target on the stock. StockNews.com upgraded Newmont from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Finally, TD Securities lowered their target price on Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.02.

About Newmont

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.