Newmont Co. (NYSE:NEM) Holdings Raised by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC grew its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 89.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,655 shares of the basic materials company's stock after buying an additional 15,375 shares during the quarter. Uncommon Cents Investing LLC's holdings in Newmont were worth $1,215,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in NEM. Zurich Insurance Group Ltd FI purchased a new stake in shares of Newmont during the 3rd quarter worth $98,011,000. Nordea Investment Management AB increased its holdings in Newmont by 173.0% in the fourth quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company's stock valued at $92,832,000 after buying an additional 1,578,545 shares in the last quarter. FMR LLC lifted its position in shares of Newmont by 21.1% during the 3rd quarter. FMR LLC now owns 7,052,439 shares of the basic materials company's stock valued at $376,953,000 after acquiring an additional 1,226,697 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Newmont by 262.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,514,688 shares of the basic materials company's stock worth $80,960,000 after acquiring an additional 1,096,905 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Newmont by 29.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,728,350 shares of the basic materials company's stock worth $197,976,000 after acquiring an additional 1,074,623 shares during the period. Institutional investors and hedge funds own 68.85% of the company's stock.

Newmont Trading Up 0.2 %

NYSE:NEM traded up $0.07 during trading hours on Monday, reaching $41.72. 7,285,053 shares of the company were exchanged, compared to its average volume of 8,329,923. Newmont Co. has a 52-week low of $29.42 and a 52-week high of $58.72. The stock has a 50 day simple moving average of $40.29 and a 200 day simple moving average of $46.89. The firm has a market cap of $47.50 billion, a price-to-earnings ratio of -27.45, a PEG ratio of 0.31 and a beta of 0.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.05). The firm had revenue of $4.61 billion for the quarter, compared to analysts' expectations of $4.67 billion. Newmont had a negative net margin of 7.03% and a positive return on equity of 9.80%. Newmont's revenue was up 84.7% on a year-over-year basis. During the same period last year, the firm posted $0.36 EPS. As a group, analysts predict that Newmont Co. will post 3.12 EPS for the current year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, November 27th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.40%. The ex-dividend date was Wednesday, November 27th. Newmont's dividend payout ratio (DPR) is -65.79%.

Insider Buying and Selling at Newmont

In related news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction 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 completion of the sale, the director now owns 52,070 shares in the company, valued at approximately $2,082,800. The trade was a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $120,000.00. Following the transaction, the executive vice president now owns 82,596 shares in the company, valued at $3,303,840. This trade represents a 3.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,077 shares of company stock valued at $563,080 in the last ninety days. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NEM shares. CLSA started coverage on Newmont in a report on Friday, November 29th. They issued an "underperform" rating on the stock. Bernstein Bank raised their target price on shares of Newmont from $55.00 to $58.00 in a report on Monday, November 11th. Royal Bank of Canada reduced their price target on shares of Newmont from $54.00 to $53.00 and set a "sector perform" rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. upgraded Newmont from a "neutral" rating to an "overweight" rating in a research report on Tuesday, November 19th. Finally, Raymond James reduced their target price on Newmont from $62.00 to $59.00 and set an "outperform" rating on the stock in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $53.80.

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.