Stifel Financial Corp Boosts Holdings in Newmont Co. (NYSE:NEM)

Stifel Financial Corp boosted its holdings in shares of Newmont Co. (NYSE:NEM - Free Report) by 27.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 696,719 shares of the basic materials company's stock after purchasing an additional 149,968 shares during the period. Stifel Financial Corp owned about 0.06% of Newmont worth $25,932,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. HighPoint Advisor Group LLC increased its holdings in shares of Newmont by 3.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 5,992 shares of the basic materials company's stock worth $223,000 after buying an additional 219 shares in the last quarter. Confluence Investment Management LLC increased its holdings in Newmont by 2.4% in the 4th quarter. Confluence Investment Management LLC now owns 11,788 shares of the basic materials company's stock worth $439,000 after purchasing an additional 281 shares in the last quarter. Howard Capital Management Inc. boosted its stake in shares of Newmont by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 5,653 shares of the basic materials company's stock valued at $210,000 after purchasing an additional 292 shares in the last quarter. Intact Investment Management Inc. grew its holdings in shares of Newmont by 21.4% during the fourth quarter. Intact Investment Management Inc. now owns 1,700 shares of the basic materials company's stock worth $63,000 after purchasing an additional 300 shares during the last quarter. Finally, Fiduciary Financial Group LLC increased its stake in shares of Newmont by 3.6% in the fourth quarter. Fiduciary Financial Group LLC now owns 8,654 shares of the basic materials company's stock valued at $338,000 after buying an additional 303 shares during the period. Institutional investors own 68.85% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. BMO Capital Markets restated an "outperform" rating on shares of Newmont in a research report on Thursday. Argus set a $63.00 price target on Newmont in a research report on Friday. TD Securities cut their price objective on Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a research note on Wednesday, February 26th. The Goldman Sachs Group started coverage on shares of Newmont in a report on Monday, January 13th. They set a "buy" rating and a $47.20 price target for the company. Finally, StockNews.com upgraded shares of Newmont from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $55.40.

Insider Activity at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $42.89, for a total transaction of $89,082.53. Following the transaction, the director now owns 49,993 shares of the company's stock, valued at $2,144,199.77. This trade represents a 3.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Natascha Viljoen sold 9,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $386,010.00. Following the completion of the transaction, the chief operating officer now owns 136,967 shares in the company, valued at $5,874,514.63. The trade was a 6.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,154 shares of company stock valued at $825,678 over the last 90 days. Insiders own 0.05% of the company's stock.

Newmont Stock Down 3.2 %

NEM stock traded down $1.77 during midday trading on Friday, reaching $53.93. 12,370,513 shares of the company's stock traded hands, compared to its average volume of 9,860,341. Newmont Co. has a 52 week low of $36.86 and a 52 week high of $58.72. The company has a market cap of $60.79 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 0.41 and a beta of 0.54. The firm's fifty day moving average price is $47.89 and its 200-day moving average price is $45.13. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, topping the consensus estimate of $0.71 by $0.54. Newmont had a net margin of 17.92% and a return on equity of 13.52%. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.82 billion. As a group, sell-side analysts forecast that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. Newmont's dividend payout ratio is presently 34.13%.

Newmont 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.