Signaturefd LLC Sells 6,912 Shares of Newmont Co. (NYSE:NEM)

Signaturefd LLC trimmed its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 29.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,574 shares of the basic materials company's stock after selling 6,912 shares during the quarter. Signaturefd LLC's holdings in Newmont were worth $617,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NEM. Avior Wealth Management LLC increased its position in Newmont by 191.8% in the 3rd quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 326 shares during the period. Prospera Private Wealth LLC acquired a new stake in Newmont in the third quarter valued at $28,000. HHM Wealth Advisors LLC raised its position in Newmont by 66.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock worth $33,000 after purchasing an additional 350 shares during the last quarter. Promus Capital LLC acquired a new position in Newmont during the 4th quarter worth about $38,000. Finally, McIlrath & Eck LLC grew its position 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 valued at $43,000 after buying an additional 361 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company's stock.

Insider Transactions at Newmont

In other news, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $83,080.00. Following the sale, the director now directly owns 52,070 shares of the company's stock, valued at approximately $2,082,800. This represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $43.71, for a total value of $131,130.00. Following the completion of the transaction, the executive vice president now directly owns 86,526 shares of the company's stock, valued at approximately $3,782,051.46. This represents a 3.35 % 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 valued at $1,388,758 in the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NEM shares. The Goldman Sachs Group assumed coverage on shares of Newmont in a research report on Monday, January 13th. They set a "buy" rating and a $47.20 price objective for the company. Scotiabank dropped their price objective on Newmont from $52.00 to $50.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 21st. CLSA assumed coverage on Newmont in a research report on Friday, November 29th. They set an "underperform" rating on the stock. StockNews.com raised Newmont from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. Finally, Raymond James reduced their price objective on shares of Newmont from $62.00 to $59.00 and set an "outperform" rating for the company in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $53.16.

Newmont Trading Down 1.2 %

Shares of NYSE NEM traded down $0.56 during mid-day trading on Monday, hitting $46.81. The stock had a trading volume of 10,230,110 shares, compared to its average volume of 9,380,537. The business has a 50 day moving average price of $44.10 and a two-hundred day moving average price of $45.54. Newmont Co. has a 1 year low of $33.86 and a 1 year high of $58.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The firm has a market cap of $52.76 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $5.32 billion. On average, equities analysts anticipate that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.00 annualized dividend and a dividend yield of 2.14%. Newmont's payout ratio is 34.13%.

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.