Newmont Co. (NYSE:NEM) Holdings Increased by Robinson Value Management Ltd.

Robinson Value Management Ltd. lifted its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 75.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,797 shares of the basic materials company's stock after buying an additional 46,717 shares during the period. Newmont comprises about 3.8% of Robinson Value Management Ltd.'s investment portfolio, making the stock its 4th largest holding. Robinson Value Management Ltd.'s holdings in Newmont were worth $5,815,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Heathbridge Capital Management Ltd. grew its holdings in shares of Newmont by 2.0% in the 3rd quarter. Heathbridge Capital Management Ltd. now owns 10,300 shares of the basic materials company's stock valued at $551,000 after acquiring an additional 200 shares in the last quarter. Fulton Bank N.A. boosted its holdings in shares of Newmont by 1.5% in the 3rd quarter. Fulton Bank N.A. now owns 15,188 shares of the basic materials company's stock valued at $812,000 after buying an additional 221 shares during the last quarter. Good Life Advisors LLC boosted its holdings in shares of Newmont by 4.6% in the 3rd quarter. Good Life Advisors LLC now owns 5,182 shares of the basic materials company's stock valued at $277,000 after buying an additional 229 shares during the last quarter. Pekin Hardy Strauss Inc. grew its stake in shares of Newmont by 0.4% in the second quarter. Pekin Hardy Strauss Inc. now owns 64,082 shares of the basic materials company's stock valued at $2,683,000 after buying an additional 233 shares in the last quarter. Finally, KCM Investment Advisors LLC increased its holdings in Newmont by 2.3% during the second quarter. KCM Investment Advisors LLC now owns 10,819 shares of the basic materials company's stock worth $453,000 after buying an additional 244 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Newmont

In other news, CEO Thomas Ronald Palmer sold 20,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $49.51, for a total value of $990,200.00. Following the completion of the sale, the chief executive officer now directly owns 311,469 shares of the company's stock, valued at $15,420,830.19. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Thomas Ronald Palmer sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $49.51, for a total transaction of $990,200.00. Following the completion of the sale, the chief executive officer now owns 311,469 shares in the company, valued at $15,420,830.19. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $52.47, for a total transaction of $157,410.00. Following the sale, the executive vice president now owns 94,596 shares of the company's stock, valued at approximately $4,963,452.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,000 shares of company stock worth $3,434,640. 0.06% of the stock is currently owned by company insiders.

Newmont Price Performance

NEM stock traded down $0.03 during midday trading on Monday, reaching $57.59. The company had a trading volume of 8,255,200 shares, compared to its average volume of 10,154,360. The company has a market capitalization of $66.41 billion, a price-to-earnings ratio of -21.57, a price-to-earnings-growth ratio of 0.43 and a beta of 0.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.11 and a quick ratio of 1.85. Newmont Co. has a 1-year low of $29.42 and a 1-year high of $58.71. The stock has a 50 day moving average price of $53.06 and a 200-day moving average price of $46.53.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The basic materials company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.10. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.13 billion. Newmont had a negative net margin of 13.16% and a positive return on equity of 8.35%. The firm's quarterly revenue was up 64.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 EPS. Equities research analysts expect that Newmont Co. will post 3.1 earnings per share for the current year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 5th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, September 5th. Newmont's dividend payout ratio (DPR) is presently -37.45%.

Analysts Set New Price Targets

Several brokerages recently issued reports on NEM. Scotiabank upgraded shares of Newmont from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $48.00 to $59.00 in a research note on Monday, August 19th. Veritas raised Newmont to a "strong-buy" rating in a research report on Monday, September 30th. Argus raised Newmont from a "hold" rating to a "buy" rating and set a $58.00 target price on the stock in a report on Thursday, August 29th. BMO Capital Markets raised their price target on Newmont from $56.00 to $57.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. Finally, Bank of America lifted their price objective on shares of Newmont from $49.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, June 26th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $53.46.

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.