Newmont Co. (NYSE:NEM) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in Newmont Co. (NYSE:NEM - Free Report) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 195,409 shares of the basic materials company's stock after purchasing an additional 10,014 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Newmont were worth $7,273,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Waverton Investment Management Ltd raised its holdings in Newmont by 14.0% in the 3rd quarter. Waverton Investment Management Ltd now owns 531,041 shares of the basic materials company's stock worth $28,379,000 after purchasing an additional 65,075 shares during the period. Sanctuary Advisors LLC raised 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 purchasing an additional 18,722 shares during the period. Nordea Investment Management AB raised its holdings in Newmont by 173.0% in the 4th quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company's stock worth $92,832,000 after purchasing an additional 1,578,545 shares during the period. Assenagon Asset Management S.A. raised its holdings in Newmont by 57.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,379,901 shares of the basic materials company's stock worth $88,580,000 after purchasing an additional 865,213 shares during the period. Finally, Brookstone Capital Management acquired a new position in Newmont in the 4th quarter worth about $245,000. Institutional investors and hedge funds own 68.85% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded Newmont from a "neutral" rating to an "overweight" rating in a report on Tuesday, November 19th. TD Securities lowered their price objective on Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a report on Wednesday, February 26th. The Goldman Sachs Group assumed coverage on Newmont in a report on Monday, January 13th. They issued a "buy" rating and a $47.20 price objective on the stock. StockNews.com upgraded Newmont from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Finally, Raymond James cut their price objective on shares of Newmont from $62.00 to $59.00 and set an "outperform" rating for the company in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.16.

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Newmont Trading Up 2.5 %

NEM opened at $43.45 on Wednesday. Newmont Co. has a 52 week low of $33.29 and a 52 week high of $58.72. The business's 50 day moving average is $42.76 and its two-hundred day moving average is $45.87. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. The firm has a market cap of $48.96 billion, a price-to-earnings ratio of 14.83, 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $5.32 billion. On average, research analysts predict that Newmont Co. will post 3.45 EPS for the current year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 4th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.00 dividend on an annualized basis and a yield of 2.30%. Newmont's dividend payout ratio (DPR) is currently 34.13%.

Insider Buying and Selling

In related news, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total transaction of $131,130.00. Following the sale, the executive vice president now directly owns 86,526 shares of the company's stock, valued at approximately $3,782,051.46. This represents a 3.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $83,080.00. Following the transaction, the director now owns 52,070 shares of the company's stock, valued at $2,082,800. This represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,231 shares of company stock worth $1,388,758. 0.06% of the stock is owned by insiders.

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.

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