Newmont Co. (NYSE:NEM) Stock Holdings Reduced by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. cut its holdings in Newmont Co. (NYSE:NEM - Free Report) by 71.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 51,000 shares of the basic materials company's stock after selling 127,500 shares during the period. Hussman Strategic Advisors Inc.'s holdings in Newmont were worth $1,898,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Avior Wealth Management LLC boosted its stake in Newmont by 191.8% in the third quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 326 shares during the period. Prospera Private Wealth LLC acquired a new position in Newmont during the 3rd quarter valued at approximately $28,000. Highline Wealth Partners LLC bought a new position in Newmont during the 3rd quarter worth $32,000. HHM Wealth Advisors LLC boosted its holdings in shares of Newmont by 66.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 350 shares during the period. Finally, McIlrath & Eck LLC grew its position 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 worth $43,000 after acquiring an additional 361 shares during the last quarter. Institutional investors own 68.85% of the company's stock.

Newmont Price Performance

Shares of NYSE NEM traded down $2.84 during midday trading on Friday, reaching $45.25. The company's stock had a trading volume of 17,229,932 shares, compared to its average volume of 9,447,639. Newmont Co. has a one year low of $29.42 and a one year high of $58.72. The company has a market cap of $51.52 billion, a price-to-earnings ratio of -29.77, a price-to-earnings-growth ratio of 0.40 and a beta of 0.52. The company has a 50 day moving average price of $41.46 and a 200 day moving average price of $46.47. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.29. The company had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.32 billion. Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. On average, equities research analysts expect that Newmont Co. will post 3.11 EPS for the current year.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, March 4th. Newmont's dividend payout ratio is -65.79%.

Analyst Upgrades and Downgrades

NEM has been the topic of several recent research reports. CLSA assumed coverage on shares of Newmont in a research report on Friday, November 29th. They issued an "underperform" rating on the stock. The Goldman Sachs Group assumed coverage on Newmont in a research report on Monday, January 13th. They set a "buy" rating and a $47.20 price objective for the company. Cibc World Mkts lowered Newmont from a "strong-buy" rating to a "hold" rating in a report on Monday, October 28th. Royal Bank of Canada lifted their target price on Newmont from $47.00 to $52.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 11th. Finally, Bernstein Bank increased their price target on Newmont from $55.00 to $58.00 in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $53.37.

Insider Activity at Newmont

In other Newmont news, Director Harry M. Iv Conger bought 9,498 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average price of $42.15 per share, with a total value of $400,340.70. Following the completion of the transaction, the director now directly owns 14,498 shares in the company, valued at approximately $611,090.70. This represents a 189.96 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $128,670.00. Following the transaction, the executive vice president now directly owns 79,596 shares in the company, valued at $3,413,872.44. The trade was a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,154 shares of company stock worth $1,166,843 in the last quarter. 0.06% of the stock is owned by company insiders.

Newmont Company 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.