Oak Thistle LLC Buys 9,228 Shares of Newmont Co. (NYSE:NEM)

Oak Thistle LLC boosted its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 50.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,477 shares of the basic materials company's stock after acquiring an additional 9,228 shares during the period. Oak Thistle LLC's holdings in Newmont were worth $1,023,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Hoese & Co LLP bought a new stake in Newmont in the 3rd quarter valued at $27,000. Avior Wealth Management LLC raised its position in shares of Newmont by 191.8% during the third 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 during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Newmont in the third quarter valued at about $28,000. Highline Wealth Partners LLC acquired a new stake in Newmont during the third quarter worth about $32,000. Finally, McIlrath & Eck LLC increased its stake in 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 during the period. 68.85% of the stock is currently owned by institutional investors.

Newmont Price Performance

Shares of NYSE:NEM traded up $0.30 during midday trading on Thursday, reaching $41.67. The company's stock had a trading volume of 6,084,558 shares, compared to its average volume of 8,554,322. The business's fifty day simple moving average is $40.49 and its 200-day simple moving average is $46.90. 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 Co. has a fifty-two week low of $29.42 and a fifty-two week high of $58.72. The company has a market capitalization of $47.44 billion, a P/E ratio of -27.41, a P/E/G ratio of 0.31 and a beta of 0.50.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.05). Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The company had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.67 billion. During the same period in the prior year, the company earned $0.36 EPS. The firm's revenue was up 84.7% compared to the same quarter last year. As a group, equities research analysts expect that Newmont Co. will post 3.12 EPS for the current fiscal year.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, November 27th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Wednesday, November 27th. Newmont's dividend payout ratio (DPR) is presently -65.79%.

Analyst Ratings Changes

A number of analysts have commented on the company. The Goldman Sachs Group began coverage on Newmont in a research report on Monday. They issued 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 research note on Monday, October 28th. Veritas upgraded shares of Newmont to a "strong-buy" rating in a research note on Monday, September 30th. JPMorgan Chase & Co. raised shares of Newmont from a "neutral" rating to an "overweight" rating in a report on Tuesday, November 19th. Finally, Raymond James decreased their target price on shares of Newmont from $62.00 to $59.00 and set an "outperform" rating on the stock in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $53.80.

Insiders Place Their Bets

In other Newmont news, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $120,000.00. Following the completion of the sale, the executive vice president now directly owns 82,596 shares of the company's stock, valued at approximately $3,303,840. The trade was a 3.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Harry M. Iv Conger bought 9,498 shares of Newmont stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average cost of $42.15 per share, for a total transaction of $400,340.70. Following the purchase, the director now directly owns 14,498 shares in the company, valued at approximately $611,090.70. The trade was a 189.96 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 14,077 shares of company stock valued at $563,080. 0.06% of the stock is currently owned by corporate insiders.

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.