Royal London Asset Management Ltd. Has $18.53 Million Position in Newmont Co. (NYSE:NEM)

Royal London Asset Management Ltd. raised its holdings in Newmont Co. (NYSE:NEM - Free Report) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 497,828 shares of the basic materials company's stock after acquiring an additional 22,682 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Newmont were worth $18,529,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC boosted its holdings in Newmont by 117.3% in the third quarter. Sanctuary Advisors LLC now owns 34,686 shares of the basic materials company's stock worth $1,854,000 after purchasing an additional 18,722 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Newmont by 173.0% during the 4th quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company's stock worth $92,832,000 after acquiring an additional 1,578,545 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Newmont by 57.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,379,901 shares of the basic materials company's stock valued at $88,580,000 after acquiring an additional 865,213 shares during the last quarter. Brookstone Capital Management bought a new position in shares of Newmont in the 4th quarter valued at approximately $245,000. Finally, Moody National Bank Trust Division lifted its holdings in Newmont by 13.6% in the 4th quarter. Moody National Bank Trust Division now owns 22,079 shares of the basic materials company's stock worth $822,000 after purchasing an additional 2,645 shares during the last quarter. 68.85% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the company's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $83,080.00. Following the transaction, the director now owns 52,070 shares of the company's stock, valued at approximately $2,082,800. This represents a 3.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total value of $131,130.00. Following the completion of the sale, the executive vice president now directly owns 86,526 shares of the company's stock, valued at $3,782,051.46. This trade represents a 3.35 % decrease in their ownership of the stock. 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 90 days. 0.06% of the stock is currently owned by insiders.

Newmont Price Performance

NYSE:NEM traded down $0.19 on Wednesday, reaching $47.36. The stock had a trading volume of 6,828,624 shares, compared to its average volume of 10,223,346. The company has a market capitalization of $53.38 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54. The stock has a fifty day moving average price of $44.40 and a 200-day moving average price of $45.48. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. Newmont Co. has a 1-year low of $34.18 and a 1-year high of $58.72.

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

Newmont Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NEM shares. National Bank Financial upgraded shares of Newmont to a "hold" rating in a report on Friday, March 21st. CLSA began coverage on shares of Newmont in a report on Friday, November 29th. They set an "underperform" rating on the stock. Scotiabank reduced their target price on shares of Newmont from $52.00 to $50.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 21st. The Goldman Sachs Group assumed coverage on Newmont in a research note on Monday, January 13th. They set a "buy" rating and a $47.20 price target on the stock. Finally, Royal Bank of Canada raised their price objective on Newmont from $47.00 to $52.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $53.16.

About Newmont

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.