Zurcher Kantonalbank Zurich Cantonalbank Has $35.70 Million Stock Holdings in Newmont Co. (NYSE:NEM)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Newmont Co. (NYSE:NEM - Free Report) by 59.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 959,038 shares of the basic materials company's stock after buying an additional 356,826 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of Newmont worth $35,695,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Avior Wealth Management LLC lifted its position in shares of Newmont by 191.8% in the 3rd quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company's stock worth $27,000 after buying an additional 326 shares during the last quarter. Prospera Private Wealth LLC bought a new position in shares of Newmont in the 3rd quarter worth about $28,000. McIlrath & Eck LLC lifted its position in shares of Newmont by 80.6% in the 3rd 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 last quarter. HHM Wealth Advisors LLC lifted its position in shares of Newmont by 66.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock worth $33,000 after buying an additional 350 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of Newmont in the 3rd quarter worth about $52,000. 68.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $90,785.67. Following the sale, the director now owns 47,916 shares in the company, valued at $2,094,408.36. The trade was a 4.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $131,130.00. Following the sale, the executive vice president now owns 86,526 shares in the company, valued at $3,782,051.46. This represents a 3.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,231 shares of company stock worth $1,388,758 in the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

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Newmont Price Performance

Shares of NYSE NEM traded up $2.00 during midday trading on Thursday, reaching $45.63. The company's stock had a trading volume of 11,801,634 shares, compared to its average volume of 9,583,820. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average price of $43.03 and a 200 day moving average price of $45.85. Newmont Co. has a one year low of $33.29 and a one year high of $58.72. The company has a market cap of $51.42 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54.

Newmont (NYSE:NEM - Get Free Report) last released its earnings results on Thursday, February 20th. The basic materials company reported $1.40 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $5.32 billion. On average, equities research analysts expect that Newmont Co. will post 3.45 EPS for the current year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 4th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.19%. Newmont's payout ratio is currently 34.13%.

Analysts Set New Price Targets

Several analysts recently weighed in on NEM shares. Raymond James cut their price objective on shares of Newmont from $62.00 to $59.00 and set an "outperform" rating on the stock in a research report on Monday, November 25th. JPMorgan Chase & Co. upgraded shares of Newmont from a "neutral" rating to an "overweight" rating in a research report on Tuesday, November 19th. Scotiabank cut their price objective on shares of Newmont from $52.00 to $50.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 21st. TD Securities cut their price objective on shares of Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a research report on Wednesday, February 26th. Finally, CLSA started coverage on shares of Newmont in a research report on Friday, November 29th. They issued an "underperform" rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $53.16.

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.