Schroder Investment Management Group Sells 170,375 Shares of Newmont Co. (NYSE:NEM)

Schroder Investment Management Group lessened its stake in Newmont Co. (NYSE:NEM - Free Report) by 27.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 446,389 shares of the basic materials company's stock after selling 170,375 shares during the quarter. Schroder Investment Management Group's holdings in Newmont were worth $16,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. McIlrath & Eck LLC increased its holdings in shares of Newmont by 80.6% in the 3rd quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company's stock worth $43,000 after purchasing an additional 361 shares in the last quarter. HHM Wealth Advisors LLC increased its holdings in Newmont by 66.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock worth $33,000 after buying an additional 350 shares in the last quarter. Promus Capital LLC purchased a new position in Newmont in the 4th quarter worth about $38,000. Kestra Investment Management LLC bought a new position in Newmont during the 4th quarter valued at about $43,000. Finally, Assetmark Inc. lifted its stake in Newmont by 185.9% during the 4th quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company's stock valued at $47,000 after acquiring an additional 820 shares during the period. 68.85% of the stock is owned by hedge funds and other institutional investors.

Newmont Price Performance

Shares of NEM traded down $4.08 during trading hours on Friday, reaching $44.25. 21,146,797 shares of the stock traded hands, compared to its average volume of 9,698,987. The company has a market cap of $49.88 billion, a P/E ratio of 15.10, a price-to-earnings-growth 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. The company's 50-day moving average price is $45.34 and its two-hundred day moving average price is $45.33. Newmont Co. has a 52-week low of $36.60 and a 52-week high of $58.72.

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

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Tuesday, March 4th. Newmont's dividend payout ratio (DPR) is currently 34.13%.

Wall Street Analyst Weigh In

NEM has been the subject of several research reports. The Goldman Sachs Group initiated coverage on shares of Newmont in a report on Monday, January 13th. They set a "buy" rating and a $47.20 price objective for the company. National Bank Financial raised shares of Newmont to a "hold" rating in a research report on Friday, March 21st. Raymond James raised their price target on Newmont from $54.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday. StockNews.com upgraded Newmont from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. Finally, TD Securities dropped their target price on Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $54.09.

Insider Activity

In other Newmont news, COO Natascha Viljoen sold 9,000 shares of the business's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $360,000.00. Following the sale, the chief operating officer now owns 145,967 shares in the company, valued at $5,838,680. The trade was a 5.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of the firm's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $40.00, for a total value 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. The trade was a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,231 shares of company stock worth $1,388,758 over the last quarter. Insiders own 0.05% of the company's stock.

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.