Rodgers Brothers Inc. Purchases 14,050 Shares of Newmont Co. (NYSE:NEM)

Rodgers Brothers Inc. lifted its stake in shares of Newmont Co. (NYSE:NEM - Free Report) by 68.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,720 shares of the basic materials company's stock after buying an additional 14,050 shares during the period. Rodgers Brothers Inc.'s holdings in Newmont were worth $1,292,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NEM. HHM Wealth Advisors LLC boosted its stake 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 purchasing an additional 350 shares in the last quarter. Promus Capital LLC acquired a new stake in Newmont during the 4th quarter worth approximately $38,000. McIlrath & Eck LLC raised its stake 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 valued at $43,000 after acquiring an additional 361 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of Newmont during the fourth quarter worth $43,000. Finally, Assetmark Inc. raised its position in Newmont by 185.9% during the 4th quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company's stock worth $47,000 after purchasing an additional 820 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors.

Newmont Stock Up 0.0 %

Shares of NYSE:NEM traded up $0.01 during mid-day trading on Tuesday, hitting $48.29. 9,302,888 shares of the company traded hands, compared to its average volume of 9,696,475. The stock has a 50-day moving average price of $45.03 and a two-hundred day moving average price of $45.35. Newmont Co. has a 12-month low of $36.44 and a 12-month high of $58.72. The stock has a market cap of $54.44 billion, a P/E ratio of 16.48, a P/E/G ratio of 0.41 and a beta of 0.54. 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 posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $1.40 EPS for the quarter, beating 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 firm had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.32 billion. On average, equities research analysts forecast that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Tuesday, March 4th. Newmont's dividend payout ratio is presently 34.13%.

Insider Transactions at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total value of $131,130.00. Following the sale, the executive vice president now directly owns 86,526 shares in the company, valued at $3,782,051.46. The trade was a 3.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total value of $90,785.67. Following the transaction, the director now owns 47,916 shares of the company's stock, valued at $2,094,408.36. The trade was a 4.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,231 shares of company stock worth $1,388,758 in the last ninety days. Company insiders own 0.05% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Newmont in a research report on Monday, January 13th. They issued a "buy" rating and a $47.20 price target on the stock. TD Securities dropped their price objective on Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a research note on Wednesday, February 26th. StockNews.com raised Newmont from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. Royal Bank of Canada raised their price objective on shares of Newmont from $47.00 to $52.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 11th. Finally, National Bank Financial upgraded shares of Newmont to a "hold" rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.