Nomura Asset Management Co. Ltd. Has $18.40 Million Holdings in Newmont Co. (NYSE:NEM)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Newmont Co. (NYSE:NEM - Free Report) by 6.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,328 shares of the basic materials company's stock after purchasing an additional 19,366 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Newmont were worth $18,404,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC acquired a new position in shares of Newmont in the second quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new position in shares of Newmont during the 2nd quarter worth about $27,000. Hoese & Co LLP bought a new position in Newmont during the third quarter worth about $27,000. Avior Wealth Management LLC increased its position in Newmont by 191.8% during the third 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. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Newmont in the third quarter valued at approximately $28,000. Institutional investors own 68.85% of the company's stock.

Insider Activity at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $53.81, for a total value of $161,430.00. Following the transaction, the executive vice president now directly owns 91,596 shares of the company's stock, valued at $4,928,780.76. The trade was a 3.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 shares were acquired at an average cost of $42.15 per share, with a total value of $400,340.70. Following the purchase, the director now directly owns 14,498 shares of the company's stock, valued at $611,090.70. This trade represents a 189.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by company insiders.

Newmont Trading Up 2.0 %

Shares of Newmont stock traded up $0.81 on Wednesday, hitting $42.31. The stock had a trading volume of 8,446,552 shares, compared to its average volume of 10,471,230. The stock has a 50 day moving average of $47.23 and a 200 day moving average of $47.41. 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 twelve month low of $29.42 and a twelve month high of $58.72. The firm has a market capitalization of $48.16 billion, a P/E ratio of -27.76, a PEG ratio of 0.35 and a beta of 0.49.

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

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, November 27th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Wednesday, November 27th. Newmont's dividend payout ratio is currently -65.79%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised shares of Newmont from a "neutral" rating to an "overweight" rating in a report on Tuesday, November 19th. CLSA began coverage on Newmont in a research note on Friday, November 29th. They issued an "underperform" rating for the company. UBS Group cut Newmont from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $67.00 to $54.00 in a report on Wednesday, October 30th. Raymond James reduced their target price on Newmont from $62.00 to $59.00 and set an "outperform" rating on the stock in a report on Monday, November 25th. Finally, Jefferies Financial Group boosted their price target on Newmont from $54.00 to $63.00 and gave the company a "buy" rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Newmont presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.31.

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.