Newmont Co. (NYSE:NEM) Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI reduced its position in Newmont Co. (NYSE:NEM - Free Report) by 64.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,459 shares of the basic materials company's stock after selling 229,405 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Newmont were worth $4,707,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Avior Wealth Management LLC increased its position in Newmont by 191.8% during the 3rd quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company's stock valued at $27,000 after buying an additional 326 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Newmont during the third quarter worth about $28,000. McIlrath & Eck LLC increased its holdings in shares of Newmont by 80.6% during the third 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 in the last quarter. HHM Wealth Advisors LLC raised its position in shares of 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 purchasing an additional 350 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in Newmont in the 3rd quarter worth approximately $52,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Newmont Stock Performance

NYSE NEM traded up $1.34 during mid-day trading on Wednesday, reaching $43.85. 5,900,538 shares of the stock were exchanged, compared to its average volume of 9,735,031. Newmont Co. has a 1 year low of $33.22 and a 1 year high of $58.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The business's 50 day moving average is $42.18 and its 200-day moving average is $46.15. The company has a market capitalization of $49.41 billion, a P/E ratio of 14.95, a P/E/G ratio of 0.41 and a beta of 0.52.

Newmont (NYSE:NEM - Get Free Report) last posted 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. The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.32 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%. On average, equities research analysts forecast that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Tuesday, March 4th. Newmont's payout ratio is 34.13%.

Wall Street Analyst Weigh In

NEM has been the topic of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Newmont in a research note on Monday, January 13th. They set a "buy" rating and a $47.20 price target on the stock. Scotiabank cut their target price on Newmont from $52.00 to $50.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 21st. CLSA initiated coverage on Newmont in a research report on Friday, November 29th. They set an "underperform" rating for the company. TD Securities dropped their price target on Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a research note on Wednesday, February 26th. Finally, Bernstein Bank raised their price objective on Newmont from $55.00 to $58.00 in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $53.16.

Insider Activity

In other news, COO Natascha Viljoen sold 9,000 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $360,000.00. Following the transaction, the chief operating officer now owns 145,967 shares in the company, valued at $5,838,680. This trade represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $120,000.00. Following the completion of the sale, the executive vice president now directly owns 82,596 shares in the company, valued at $3,303,840. This represents a 3.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,154 shares of company stock worth $1,166,843 in the last quarter. Corporate insiders own 0.06% of the company's stock.

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.