Rockefeller Capital Management L.P. Buys 19,042 Shares of Newmont Co. (NYSE:NEM)

Rockefeller Capital Management L.P. grew its stake in Newmont Co. (NYSE:NEM - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 404,700 shares of the basic materials company's stock after buying an additional 19,042 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Newmont were worth $15,063,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NEM. Sterling Capital Management LLC boosted its holdings in shares of Newmont by 1,532.6% during the 4th quarter. Sterling Capital Management LLC now owns 84,193 shares of the basic materials company's stock worth $3,134,000 after purchasing an additional 79,036 shares during the last quarter. Argent Trust Co boosted its holdings in Newmont by 61.7% during the 4th quarter. Argent Trust Co now owns 42,169 shares of the basic materials company's stock valued at $1,570,000 after acquiring an additional 16,094 shares during the period. Treasurer of the State of North Carolina increased its stake in Newmont by 2.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 697,005 shares of the basic materials company's stock worth $25,943,000 after buying an additional 18,860 shares during the period. Redwood Park Advisors LLC purchased a new position in Newmont in the fourth quarter valued at $37,000. Finally, Phoenix Financial Ltd. increased its stake in shares of Newmont by 35.7% during the fourth quarter. Phoenix Financial Ltd. now owns 10,668 shares of the basic materials company's stock worth $397,000 after buying an additional 2,807 shares during the period. Hedge funds and other institutional investors own 68.85% of the company's stock.

Newmont Stock Performance

Newmont stock traded down $0.87 during trading hours on Friday, hitting $55.08. The stock had a trading volume of 14,364,376 shares, compared to its average volume of 9,867,103. Newmont Co. has a fifty-two week low of $36.60 and a fifty-two week high of $58.72. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average of $46.95 and a two-hundred day moving average of $45.13. The company has a market cap of $62.08 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $1.40 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.65 billion during 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 fiscal year.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 4th were issued 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 yield of 1.82%. Newmont's dividend payout ratio is presently 34.13%.

Analyst Ratings Changes

NEM has been the subject of several research analyst reports. BMO Capital Markets began coverage on Newmont in a report on Wednesday. They issued an "outperform" rating and a $63.00 price objective for the company. TD Securities dropped their target price on Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a research report on Wednesday, February 26th. The Goldman Sachs Group started coverage on Newmont in a report on Monday, January 13th. They issued a "buy" rating and a $47.20 price target on the stock. Royal Bank of Canada raised their price objective on shares of Newmont from $51.00 to $52.00 and gave the stock a "sector perform" rating in a research note on Friday, April 4th. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $55.02.

Insider Transactions at Newmont

In other Newmont news, COO Natascha Viljoen sold 9,000 shares of Newmont stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $42.89, for a total transaction of $386,010.00. Following the completion of the transaction, the chief operating officer now directly owns 136,967 shares of the company's stock, valued at $5,874,514.63. The trade was a 6.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction, the director now owns 47,916 shares in the company, valued at approximately $2,094,408.36. This trade represents a 4.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,154 shares of company stock worth $825,678. 0.05% of the stock is currently owned by company insiders.

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.