Mariner LLC Acquires 14,830 Shares of Newmont Co. (NYSE:NEM)

Mariner LLC grew its stake in shares of Newmont Co. (NYSE:NEM - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 650,538 shares of the basic materials company's stock after acquiring an additional 14,830 shares during the period. Mariner LLC owned about 0.06% of Newmont worth $24,213,000 at the end of the most recent quarter.

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

Newmont Stock Performance

Newmont stock traded down $0.87 on Friday, reaching $55.08. 14,364,376 shares of the stock were exchanged, compared to its average volume of 9,878,623. The stock has a market cap of $62.08 billion, a PE ratio of 18.80, a PEG ratio of 0.41 and a beta of 0.54. The firm has a fifty day moving average price of $47.14 and a two-hundred day moving average price of $45.07. Newmont Co. has a twelve month low of $36.60 and a twelve month high of $58.72. 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 (NYSE:NEM - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.11 by $0.29. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.32 billion. Sell-side analysts anticipate that Newmont Co. will post 3.45 EPS for the current year.

Newmont Dividend Announcement

The business also recently disclosed 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 1.82%. The ex-dividend date of this dividend was Tuesday, March 4th. Newmont's dividend payout ratio is currently 34.13%.

Insider Activity at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $131,130.00. Following the sale, the executive vice president now owns 86,526 shares in the company, valued at $3,782,051.46. The trade was a 3.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total transaction of $89,082.53. Following the sale, the director now owns 49,993 shares in the company, valued at approximately $2,144,199.77. This trade represents a 3.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,154 shares of company stock worth $825,678. Company insiders own 0.05% of the company's stock.

Analyst Ratings Changes

NEM has been the topic of several recent analyst reports. TD Securities cut 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. BMO Capital Markets started coverage on Newmont in a research report on Wednesday. They issued an "outperform" rating and a $63.00 target price for the company. StockNews.com raised Newmont from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. Royal Bank of Canada lifted their target price on shares of Newmont from $51.00 to $52.00 and gave the company a "sector perform" rating in a research note on Friday, April 4th. Finally, The Goldman Sachs Group assumed coverage on Newmont in a report on Monday, January 13th. They set a "buy" rating and a $47.20 price objective for the company. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $55.02.

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.