D.A. Davidson & CO. Acquires 5,665 Shares of Newmont Co. (NYSE:NEM)

D.A. Davidson & CO. raised its holdings in Newmont Co. (NYSE:NEM - Free Report) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,429 shares of the basic materials company's stock after purchasing an additional 5,665 shares during the quarter. D.A. Davidson & CO.'s holdings in Newmont were worth $3,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Avior Wealth Management LLC raised its position in shares of Newmont by 191.8% during the 3rd quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company's stock worth $27,000 after purchasing an additional 326 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Newmont in the 3rd quarter valued at $28,000. Highline Wealth Partners LLC acquired a new position in Newmont in the 3rd quarter valued at $32,000. HHM Wealth Advisors LLC raised its holdings in Newmont by 66.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 350 shares during the last quarter. Finally, McIlrath & Eck LLC raised its holdings in Newmont by 80.6% in the 3rd quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company's stock valued at $43,000 after acquiring an additional 361 shares during the last quarter. Hedge funds and other institutional investors own 68.85% of the company's stock.

Newmont Stock Performance

Shares of NEM stock traded down $2.84 on Friday, hitting $45.25. The company's stock had a trading volume of 17,229,932 shares, compared to its average volume of 9,447,639. The company has a market capitalization of $51.52 billion, a PE ratio of -29.77, a PEG ratio of 0.40 and a beta of 0.52. 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 Co. has a fifty-two week low of $29.42 and a fifty-two week high of $58.72. The stock's 50 day moving average is $41.46 and its 200-day moving average is $46.47.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results on Thursday, February 20th. The basic materials company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.11 by $0.29. The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.32 billion. Newmont had a negative net margin of 7.03% and a positive return on equity of 9.80%. Equities research analysts expect that Newmont Co. will post 3.11 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.00 dividend on an annualized basis and a yield of 2.21%. Newmont's dividend payout ratio (DPR) is presently -65.79%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. CLSA began coverage on shares of Newmont in a research report on Friday, November 29th. They set an "underperform" rating for the company. Raymond James decreased their price objective on shares of Newmont from $62.00 to $59.00 and set an "outperform" rating for the company in a research report on Monday, November 25th. CIBC lowered shares of Newmont from a "sector outperform" rating to a "neutral" rating in a research note on Monday, October 28th. JPMorgan Chase & Co. upgraded shares of Newmont from a "neutral" rating to an "overweight" rating in a research note on Tuesday, November 19th. Finally, Bernstein Bank upped their target price on shares of Newmont from $55.00 to $58.00 in a research note on Monday, November 11th. One 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.37.

Insider Transactions at Newmont

In other news, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $89,082.53. Following the sale, the director now directly owns 49,993 shares of the company's stock, valued at approximately $2,144,199.77. This represents a 3.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Harry M. Iv Conger acquired 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, for a total transaction of $400,340.70. Following the completion of the transaction, the director now owns 14,498 shares of the company's stock, valued at $611,090.70. The trade was a 189.96 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 28,154 shares of company stock worth $1,166,843 in the last quarter. 0.06% of the stock is currently owned by corporate 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.