Edmond DE Rothschild Holding S.A. Raises Holdings in Newmont Co. (NYSE:NEM)

Edmond DE Rothschild Holding S.A. raised its stake in shares of Newmont Co. (NYSE:NEM - Free Report) by 11.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 148,780 shares of the basic materials company's stock after purchasing an additional 15,542 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Newmont were worth $5,538,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sanctuary Advisors LLC boosted its holdings in Newmont by 117.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 34,686 shares of the basic materials company's stock worth $1,854,000 after buying an additional 18,722 shares during the period. Nordea Investment Management AB boosted its stake in shares of 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 worth $92,832,000 after acquiring an additional 1,578,545 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Newmont by 57.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,379,901 shares of the basic materials company's stock worth $88,580,000 after acquiring an additional 865,213 shares during the period. Brookstone Capital Management purchased a new stake in shares of Newmont during the fourth quarter worth about $245,000. Finally, Moody National Bank Trust Division raised its stake in Newmont by 13.6% during the 4th quarter. Moody National Bank Trust Division now owns 22,079 shares of the basic materials company's stock valued at $822,000 after purchasing an additional 2,645 shares during the period. Hedge funds and other institutional investors own 68.85% of the company's stock.

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Newmont Trading Down 8.4 %

NYSE NEM traded down $4.08 during trading on Friday, hitting $44.25. The stock had a trading volume of 21,146,797 shares, compared to its average volume of 9,653,406. The stock has a market capitalization of $49.88 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 0.41 and a beta of 0.54. The stock has a 50 day simple moving average of $45.34 and a 200 day simple moving average of $45.28. Newmont Co. has a one year low of $36.60 and a one year 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.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.29. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The company had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.32 billion. Sell-side analysts predict that Newmont Co. will post 3.45 earnings per share for the current 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 dividend of $0.25 per share. 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 2.26%. Newmont's payout ratio is 34.13%.

Insider Buying and Selling at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $120,000.00. Following the completion of the sale, the executive vice president now directly owns 82,596 shares of the company's stock, valued at $3,303,840. The trade was a 3.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Natascha Viljoen sold 9,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $360,000.00. Following the transaction, the chief operating officer now directly owns 145,967 shares in the company, valued at $5,838,680. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,231 shares of company stock valued at $1,388,758 in the last three months. Company insiders own 0.05% of the company's stock.

Wall Street Analysts Forecast Growth

NEM has been the subject of a number of research analyst reports. Raymond James increased their price objective on shares of Newmont from $54.00 to $63.00 and gave the company an "outperform" rating in a report on Friday. Royal Bank of Canada boosted their price target on shares of Newmont from $51.00 to $52.00 and gave the stock a "sector perform" rating in a research note on Friday. TD Securities cut their price objective on Newmont from $46.00 to $45.00 and set a "hold" rating for the company in a research report on Wednesday, February 26th. Scotiabank reduced their target price on Newmont from $52.00 to $50.00 and set a "sector perform" rating on the stock in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group assumed coverage on Newmont in a research note on Monday, January 13th. They set a "buy" rating and a $47.20 price target for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $54.09.

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.