Newmont Co. (NYSE:NEM) Shares Bought by Wedbush Securities Inc.

Wedbush Securities Inc. raised its holdings in Newmont Co. (NYSE:NEM - Free Report) by 70.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,229 shares of the basic materials company's stock after buying an additional 5,899 shares during the period. Wedbush Securities Inc.'s holdings in Newmont were worth $530,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. HHM Wealth Advisors LLC grew its holdings in shares of Newmont by 66.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock worth $33,000 after purchasing an additional 350 shares during the last quarter. Promus Capital LLC purchased a new position in Newmont during the 4th quarter worth approximately $38,000. McIlrath & Eck LLC increased its position in Newmont by 80.6% during the third quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company's stock worth $43,000 after buying an additional 361 shares during the period. Kestra Investment Management LLC purchased a new stake in Newmont in the fourth quarter valued at approximately $43,000. Finally, Assetmark Inc. boosted its holdings in shares of Newmont by 185.9% in the fourth quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company's stock valued at $47,000 after acquiring an additional 820 shares during the period. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Newmont news, COO Natascha Viljoen sold 9,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was 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 owns 136,967 shares of the company's stock, valued at approximately $5,874,514.63. This trade represents a 6.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $128,670.00. Following the sale, the executive vice president now owns 79,596 shares of the company's stock, valued at approximately $3,413,872.44. This represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,154 shares of company stock worth $825,678 in the last three months. Corporate insiders own 0.05% of the company's stock.

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Newmont Price Performance

NEM traded up $3.86 on Friday, hitting $54.80. 31,726,645 shares of the company were exchanged, compared to its average volume of 9,807,669. Newmont Co. has a fifty-two week low of $36.60 and a fifty-two week 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 capitalization of $61.77 billion, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54. The business's fifty day moving average is $46.17 and its 200 day moving average is $44.97.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.29. The business had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.32 billion. Newmont had a return on equity of 13.52% and a net margin of 17.92%. As a group, sell-side analysts anticipate that Newmont Co. will post 3.45 EPS for the current year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Tuesday, March 4th. Newmont's dividend payout ratio (DPR) is presently 34.13%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Raymond James upped their price target on shares of Newmont from $54.00 to $63.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. StockNews.com raised shares of Newmont from a "hold" rating to a "buy" rating in a report on Monday, February 24th. National Bank Financial raised Newmont to a "hold" rating in a report on Friday, March 21st. Scotiabank reduced their price objective on Newmont from $52.00 to $50.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada lifted their target price on Newmont from $51.00 to $52.00 and gave the company a "sector perform" rating in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $54.55.

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.