Jaffetilchin Investment Partners LLC Has $514,000 Stake in Newmont Co. (NYSE:NEM)

Jaffetilchin Investment Partners LLC reduced its stake in Newmont Co. (NYSE:NEM - Free Report) by 38.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,805 shares of the basic materials company's stock after selling 8,550 shares during the period. Jaffetilchin Investment Partners LLC's holdings in Newmont were worth $514,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in Newmont by 1.6% in the fourth quarter. Van ECK Associates Corp now owns 49,747,598 shares of the basic materials company's stock valued at $1,851,606,000 after purchasing an additional 797,445 shares during the period. Geode Capital Management LLC raised its position in shares of Newmont by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 24,697,779 shares of the basic materials company's stock worth $919,484,000 after acquiring an additional 1,213,397 shares in the last quarter. Norges Bank acquired a new stake in shares of Newmont in the fourth quarter valued at approximately $626,074,000. Amundi grew its holdings in Newmont by 14.0% during the fourth quarter. Amundi now owns 12,302,579 shares of the basic materials company's stock worth $481,400,000 after acquiring an additional 1,507,708 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Newmont by 23.9% during the 4th quarter. Invesco Ltd. now owns 10,520,354 shares of the basic materials company's stock worth $391,568,000 after purchasing an additional 2,028,150 shares in the last quarter. Institutional investors own 68.85% of the company's stock.

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Newmont Stock Down 0.4 %

NYSE:NEM traded down $0.21 during mid-day trading on Monday, hitting $54.76. The stock had a trading volume of 14,219,827 shares, compared to its average volume of 9,825,283. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. The stock has a 50-day simple moving average of $46.17 and a two-hundred day simple moving average of $44.97. The company has a market capitalization of $61.73 billion, a PE ratio of 18.69, a PEG ratio of 0.41 and a beta of 0.54. Newmont Co. has a twelve month low of $36.60 and a twelve 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 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.29. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The firm had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.32 billion. On average, equities research analysts anticipate that Newmont Co. will post 3.45 EPS for the current year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders 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 dividend yield of 1.83%. The ex-dividend date of this dividend was Tuesday, March 4th. Newmont's payout ratio is 34.13%.

Insider Transactions at Newmont

In other Newmont news, COO Natascha Viljoen sold 9,000 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $386,010.00. Following the transaction, the chief operating officer now owns 136,967 shares in the company, valued at $5,874,514.63. The trade was a 6.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Peter Toth sold 3,000 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 $128,670.00. Following the transaction, the executive vice president now owns 79,596 shares in the company, valued at approximately $3,413,872.44. This trade represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,154 shares of company stock worth $825,678. 0.05% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of Newmont from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. Royal Bank of Canada raised their target price on Newmont from $51.00 to $52.00 and gave the company a "sector perform" rating in a research note on Friday, April 4th. The Goldman Sachs Group initiated coverage on Newmont in a report on Monday, January 13th. They set a "buy" rating and a $47.20 target price on the stock. Scotiabank lowered their target price on Newmont from $52.00 to $50.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 21st. Finally, TD Securities cut their target price on Newmont from $46.00 to $45.00 and set a "hold" rating for the company in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.55.

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.