Natixis Advisors LLC Sells 22,132 Shares of Newmont Co. (NYSE:NEM)

Natixis Advisors LLC cut its holdings in shares of Newmont Co. (NYSE:NEM - Free Report) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,808 shares of the basic materials company's stock after selling 22,132 shares during the quarter. Natixis Advisors LLC's holdings in Newmont were worth $5,278,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Avior Wealth Management LLC grew 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 worth $27,000 after acquiring an additional 326 shares during the last quarter. Prospera Private Wealth LLC bought a new position in shares of Newmont in the third quarter worth approximately $28,000. HHM Wealth Advisors LLC raised its holdings in Newmont by 66.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock valued at $33,000 after buying an additional 350 shares during the last quarter. Promus Capital LLC purchased a new stake in Newmont during the 4th quarter valued at $38,000. Finally, McIlrath & Eck LLC increased its position in shares of Newmont by 80.6% in 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 during the period. 68.85% of the stock is currently owned by institutional investors.

Newmont Stock Performance

NEM stock traded down $0.19 during trading on Wednesday, reaching $47.36. The stock had a trading volume of 6,818,633 shares, compared to its average volume of 9,360,595. The stock's 50 day moving average is $44.40 and its two-hundred day moving average is $45.48. The firm has a market cap of $53.38 billion, a PE ratio of 16.16, a PEG ratio of 0.41 and a beta of 0.54. Newmont Co. has a 52 week low of $34.00 and a 52 week high of $58.72. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30.

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Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.29. Newmont had a net margin of 17.92% and a return on equity of 13.52%. The business had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.32 billion. As a group, equities analysts anticipate that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, March 4th. Newmont's dividend payout ratio (DPR) is currently 34.13%.

Insider Activity

In related news, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $120,000.00. Following the completion of the transaction, the executive vice president now owns 82,596 shares of the company's stock, valued at approximately $3,303,840. This represents a 3.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Natascha Viljoen sold 9,000 shares of the stock in a transaction 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 completion of the sale, the chief operating officer now owns 145,967 shares of the company's stock, valued at $5,838,680. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,231 shares of company stock valued at $1,388,758 in the last ninety days. Corporate insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NEM shares. National Bank Financial raised Newmont to a "hold" rating in a research report on Friday, March 21st. The Goldman Sachs Group started coverage on shares of Newmont in a report on Monday, January 13th. They issued a "buy" rating and a $47.20 price target on the stock. StockNews.com raised shares of Newmont from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. CLSA began coverage on Newmont in a research report on Friday, November 29th. They set an "underperform" rating on the stock. Finally, TD Securities decreased their price target on shares of Newmont from $46.00 to $45.00 and set a "hold" rating for the company in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $53.16.

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.