Newmont Co. (NYSE:NEM) Holdings Lifted by Czech National Bank

Czech National Bank increased its stake in shares of Newmont Co. (NYSE:NEM - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,839 shares of the basic materials company's stock after purchasing an additional 13,096 shares during the quarter. Czech National Bank's holdings in Newmont were worth $9,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Heathbridge Capital Management Ltd. increased its position in Newmont by 2.0% during the third quarter. Heathbridge Capital Management Ltd. now owns 10,300 shares of the basic materials company's stock worth $551,000 after purchasing an additional 200 shares during the last quarter. E. Ohman J or Asset Management AB increased its holdings in Newmont by 0.4% in the 3rd quarter. E. Ohman J or Asset Management AB now owns 47,942 shares of the basic materials company's stock valued at $2,562,000 after purchasing an additional 200 shares in the last quarter. Fulton Bank N.A. raised its position in Newmont by 1.5% in the third quarter. Fulton Bank N.A. now owns 15,188 shares of the basic materials company's stock valued at $812,000 after purchasing an additional 221 shares during the period. Carmel Capital Partners LLC raised its position in Newmont by 4.5% in the third quarter. Carmel Capital Partners LLC now owns 5,221 shares of the basic materials company's stock valued at $279,000 after purchasing an additional 226 shares during the period. Finally, Good Life Advisors LLC boosted its position in shares of Newmont by 4.6% in the third quarter. Good Life Advisors LLC now owns 5,182 shares of the basic materials company's stock worth $277,000 after buying an additional 229 shares during the period. Institutional investors and hedge funds own 68.85% of the company's stock.

Insider Activity

In related news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $120,000.00. Following the sale, the executive vice president now directly owns 82,596 shares in the company, valued at $3,303,840. The trade was a 3.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harry M. Iv Conger bought 9,498 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average price of $42.15 per share, with a total value of $400,340.70. Following the transaction, the director now directly owns 14,498 shares in the company, valued at $611,090.70. This represents a 189.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 14,077 shares of company stock valued at $563,080. Insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on NEM shares. CLSA began coverage on Newmont in a report on Friday, November 29th. They set an "underperform" rating on the stock. Scotiabank lowered shares of Newmont from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the company from $59.00 to $55.00 in a research note on Friday, October 25th. Bernstein Bank upped their target price on shares of Newmont from $55.00 to $58.00 in a research note on Monday, November 11th. Jefferies Financial Group lifted their price target on shares of Newmont from $54.00 to $63.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Finally, Veritas upgraded shares of Newmont to a "strong-buy" rating in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $53.80.

Newmont Stock Performance

NYSE:NEM traded up $1.27 during midday trading on Wednesday, reaching $41.43. 11,631,878 shares of the company traded hands, compared to its average volume of 8,879,699. The firm has a market capitalization of $47.17 billion, a price-to-earnings ratio of -27.26, a price-to-earnings-growth ratio of 0.35 and a beta of 0.50. The company has a fifty day moving average price of $40.49 and a 200 day moving average price of $46.90. 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 Co. has a twelve month low of $29.42 and a twelve month high of $58.72.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.05). Newmont had a negative net margin of 7.03% and a positive return on equity of 9.80%. The firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.67 billion. During the same period last year, the firm posted $0.36 EPS. The business's revenue was up 84.7% compared to the same quarter last year. On average, analysts expect that Newmont Co. will post 3.08 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, November 27th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.41%. Newmont's payout ratio is currently -65.79%.

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.