Newmont Co. (NYSE:NEM) Holdings Lifted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Newmont Co. (NYSE:NEM - Free Report) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,816,370 shares of the basic materials company's stock after purchasing an additional 105,538 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of Newmont worth $69,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Zurich Insurance Group Ltd FI acquired a new stake in shares of Newmont during the third quarter worth $98,011,000. Nordea Investment Management AB lifted its position in Newmont by 173.0% in the fourth quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company's stock valued at $92,832,000 after purchasing an additional 1,578,545 shares during the period. Amundi boosted its holdings in Newmont by 14.0% in the 4th quarter. Amundi now owns 12,302,579 shares of the basic materials company's stock valued at $481,400,000 after purchasing an additional 1,507,708 shares in the last quarter. FMR LLC increased its position in Newmont by 21.1% during the 3rd quarter. FMR LLC now owns 7,052,439 shares of the basic materials company's stock worth $376,953,000 after purchasing an additional 1,226,697 shares during the period. Finally, Ruffer LLP raised its stake in shares of Newmont by 19.7% during the 4th quarter. Ruffer LLP now owns 7,085,101 shares of the basic materials company's stock worth $263,706,000 after buying an additional 1,164,870 shares in the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Newmont

In related news, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $83,080.00. Following the completion of the transaction, the director now owns 52,070 shares in the company, valued at $2,082,800. The trade was a 3.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $120,000.00. Following the transaction, the executive vice president now directly owns 82,596 shares of the company's stock, valued at approximately $3,303,840. This trade represents a 3.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,231 shares of company stock valued at $1,388,758. Insiders own 0.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NEM. Scotiabank lowered their price target on shares of Newmont from $52.00 to $50.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 21st. National Bank Financial upgraded Newmont to a "hold" rating in a research report on Friday, March 21st. StockNews.com upgraded Newmont from a "hold" rating to a "buy" rating in a report on Monday, February 24th. The Goldman Sachs Group initiated coverage on Newmont in a report on Monday, January 13th. They issued a "buy" rating and a $47.20 price target for the company. Finally, Royal Bank of Canada increased their price objective on Newmont from $47.00 to $52.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $53.16.

Newmont Trading Up 0.4 %

Shares of NEM traded up $0.18 during trading hours on Wednesday, hitting $48.47. The stock had a trading volume of 3,733,292 shares, compared to its average volume of 10,162,597. The company's fifty day simple moving average is $45.03 and its 200 day simple moving average is $45.35. Newmont Co. has a 12-month low of $36.60 and a 12-month high of $58.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The firm has a market cap of $54.64 billion, a P/E ratio of 16.54, a P/E/G ratio of 0.41 and a beta of 0.54.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $1.40 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 13.52% and a net margin of 17.92%. Equities research analysts forecast that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.06%. Newmont's dividend payout ratio (DPR) is presently 34.13%.

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.