Newmont Co. (NYSE:NEM) Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. reduced its holdings in shares of Newmont Co. (NYSE:NEM - Free Report) by 74.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,337 shares of the basic materials company's stock after selling 9,728 shares during the quarter. Johnson Financial Group Inc.'s holdings in Newmont were worth $124,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its holdings in Newmont by 173.0% during the 4th quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company's stock valued at $92,832,000 after acquiring an additional 1,578,545 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Newmont by 57.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,379,901 shares of the basic materials company's stock worth $88,580,000 after buying an additional 865,213 shares in the last quarter. Brookstone Capital Management acquired a new position in shares of Newmont in the fourth quarter valued at approximately $245,000. Moody National Bank Trust Division lifted its stake in shares of Newmont by 13.6% during the fourth quarter. Moody National Bank Trust Division now owns 22,079 shares of the basic materials company's stock valued at $822,000 after buying an additional 2,645 shares during the period. Finally, Avanza Fonder AB acquired a new stake in Newmont during the fourth quarter worth approximately $4,269,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NEM shares. StockNews.com upgraded Newmont from a "hold" rating to a "buy" rating in a report on Monday, February 24th. National Bank Financial upgraded Newmont to a "hold" rating in a report on Friday, March 21st. Raymond James raised their price objective on Newmont from $54.00 to $63.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. National Bankshares restated a "sector perform" rating on shares of Newmont in a report on Wednesday, April 23rd. Finally, TD Securities decreased their price objective on Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.40.

Insider Activity

In other news, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $42.89, for a total transaction of $128,670.00. Following the completion of the sale, the executive vice president now directly owns 79,596 shares in the company, valued at $3,413,872.44. This trade represents a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $89,082.53. Following the sale, the director now owns 49,993 shares of the company's stock, valued at $2,144,199.77. This represents a 3.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,154 shares of company stock worth $825,678 over the last ninety days. Corporate insiders own 0.05% of the company's stock.

Newmont Stock Up 0.2 %

NYSE:NEM traded up $0.11 during mid-day trading on Monday, hitting $54.05. The company had a trading volume of 9,365,554 shares, compared to its average volume of 9,858,393. The business has a fifty day simple moving average of $48.02 and a 200-day simple moving average of $45.07. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. Newmont Co. has a 1 year low of $36.86 and a 1 year high of $58.72. The firm has a market capitalization of $60.93 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 0.41 and a beta of 0.54.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, beating the consensus estimate of $0.71 by $0.54. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period last year, the company posted $0.55 earnings per share. Equities analysts forecast that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.00 annualized dividend and a dividend yield of 1.85%. Newmont's dividend payout ratio is presently 22.42%.

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.