Quadrature Capital Ltd Sells 36,569 Shares of Newmont Co. (NYSE:NEM)

Quadrature Capital Ltd lowered its position in Newmont Co. (NYSE:NEM - Free Report) by 23.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 119,251 shares of the basic materials company's stock after selling 36,569 shares during the quarter. Quadrature Capital Ltd's holdings in Newmont were worth $6,374,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NEM. Van ECK Associates Corp raised its holdings in shares of Newmont by 2.6% in the 2nd quarter. Van ECK Associates Corp now owns 50,918,066 shares of the basic materials company's stock valued at $2,131,939,000 after acquiring an additional 1,289,084 shares in the last quarter. Legal & General Group Plc increased its position in shares of Newmont by 1.4% in the second quarter. Legal & General Group Plc now owns 8,071,845 shares of the basic materials company's stock worth $337,909,000 after purchasing an additional 109,084 shares during the last quarter. FMR LLC raised its stake in Newmont by 21.1% in the third quarter. FMR LLC now owns 7,052,439 shares of the basic materials company's stock valued at $376,953,000 after purchasing an additional 1,226,697 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Newmont by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,912,922 shares of the basic materials company's stock valued at $289,445,000 after purchasing an additional 545,903 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in 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 buying an additional 1,074,623 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company's stock.

Newmont Trading Up 0.0 %

NEM traded up $0.02 during trading on Friday, hitting $41.09. 7,748,674 shares of the stock traded hands, compared to its average volume of 10,490,163. The firm has a 50-day moving average of $47.97 and a 200 day moving average of $47.37. Newmont Co. has a 12-month low of $29.42 and a 12-month high of $58.72. The firm has a market capitalization of $46.78 billion, a P/E ratio of -27.03, a price-to-earnings-growth ratio of 0.36 and a beta of 0.49. 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 earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share 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 positive return on equity of 9.80% and a negative net margin of 7.03%. The business's revenue for the quarter was up 84.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 earnings per share. Equities research analysts anticipate that Newmont Co. will post 3.08 EPS for the current year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.43%. Newmont's dividend payout ratio (DPR) is presently -65.79%.

Analyst Ratings Changes

Several research firms have recently weighed in on NEM. JPMorgan Chase & Co. upgraded shares of Newmont from a "neutral" rating to an "overweight" rating in a research report on Tuesday, November 19th. Raymond James lowered their price target on Newmont from $62.00 to $59.00 and set an "outperform" rating on the stock in a research report on Monday, November 25th. CLSA began coverage on Newmont in a research note on Friday, November 29th. They set an "underperform" rating for the company. Argus upgraded Newmont from a "hold" rating to a "buy" rating and set a $58.00 price objective on the stock in a research report on Thursday, August 29th. Finally, Bernstein Bank boosted their target price on Newmont from $55.00 to $58.00 in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Newmont presently has an average rating of "Moderate Buy" and an average target price of $54.31.

Insider Activity at Newmont

In other news, CEO Thomas Ronald Palmer sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $53.81, for a total value of $1,076,200.00. Following the completion of the transaction, the chief executive officer now owns 271,469 shares of the company's stock, valued at approximately $14,607,746.89. This represents a 6.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harry M. Iv Conger purchased 9,498 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average price of $42.15 per share, for a total transaction of $400,340.70. Following the completion of the transaction, the director now directly owns 14,498 shares of the company's stock, valued at $611,090.70. This represents a 189.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.06% of the stock is owned by corporate 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.