Newmont Co. (NYSE:NEM) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC increased its stake in Newmont Co. (NYSE:NEM - Free Report) by 45.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 107,899 shares of the basic materials company's stock after acquiring an additional 33,494 shares during the quarter. Mizuho Securities USA LLC's holdings in Newmont were worth $4,016,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans raised its position in shares of Newmont by 10.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 89,287 shares of the basic materials company's stock worth $4,775,000 after purchasing an additional 8,449 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of Newmont by 191.8% during the third quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 326 shares during the last quarter. Banco Santander S.A. lifted its position in shares of Newmont by 43.8% in the third quarter. Banco Santander S.A. now owns 11,424 shares of the basic materials company's stock valued at $611,000 after acquiring an additional 3,480 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Newmont by 19.4% in the third quarter. Raymond James Trust N.A. now owns 11,318 shares of the basic materials company's stock worth $605,000 after acquiring an additional 1,836 shares during the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in shares of Newmont during the third quarter worth approximately $678,000. Hedge funds and other institutional investors own 68.85% of the company's stock.

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Newmont Stock Up 2.1 %

Shares of NEM stock traded up $0.99 during trading on Thursday, reaching $48.38. The company's stock had a trading volume of 11,012,482 shares, compared to its average volume of 9,367,723. Newmont Co. has a 1-year low of $34.18 and a 1-year high of $58.72. The stock's 50-day moving average price is $44.52 and its 200 day moving average price is $45.50. The company has a market capitalization of $54.53 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 0.41 and a beta of 0.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73.

Newmont (NYSE:NEM - Get Free Report) last posted 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 net margin of 17.92% and a return on equity of 13.52%. The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.32 billion. On average, research analysts anticipate that Newmont Co. will post 3.45 EPS for the current year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.00 annualized dividend and a yield of 2.07%. Newmont's dividend payout ratio (DPR) is 34.13%.

Insider Buying and Selling at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total value of $90,785.67. Following the sale, the director now directly owns 47,916 shares in the company, valued at $2,094,408.36. This trade represents a 4.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $120,000.00. Following the sale, the executive vice president now directly owns 82,596 shares of the company's stock, valued at $3,303,840. This trade represents a 3.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,231 shares of company stock valued at $1,388,758 in the last quarter. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada increased their target price on shares of Newmont from $47.00 to $52.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 11th. TD Securities lowered their target price on Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a report on Wednesday, February 26th. The Goldman Sachs Group assumed coverage on Newmont in a report on Monday, January 13th. They issued a "buy" rating and a $47.20 price target for the company. StockNews.com upgraded Newmont from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. Finally, Scotiabank dropped their target price on Newmont from $52.00 to $50.00 and set a "sector perform" rating for the company in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $53.16.

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.