Susquehanna Fundamental Investments LLC Invests $27.71 Million in Newmont Co. (NYSE:NEM)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Newmont Co. (NYSE:NEM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 744,439 shares of the basic materials company's stock, valued at approximately $27,708,000. Susquehanna Fundamental Investments LLC owned about 0.07% of Newmont as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Newmont in the 4th quarter worth approximately $626,074,000. Capital Research Global Investors boosted its stake in Newmont by 70.7% in the fourth quarter. Capital Research Global Investors now owns 5,644,953 shares of the basic materials company's stock worth $210,105,000 after purchasing an additional 2,338,953 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Newmont during the fourth quarter worth $76,281,000. Invesco Ltd. increased its stake in shares of Newmont by 23.9% in the fourth quarter. Invesco Ltd. now owns 10,520,354 shares of the basic materials company's stock valued at $391,568,000 after buying an additional 2,028,150 shares in the last quarter. Finally, Allianz SE bought a new position in shares of Newmont in the fourth quarter valued at about $65,385,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Newmont Price Performance

Shares of NEM opened at $53.93 on Friday. 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 stock has a market cap of $60.79 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54. The stock's 50-day moving average price is $47.89 and its two-hundred day moving average price is $45.18. Newmont Co. has a 1 year low of $36.86 and a 1 year high of $58.72.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.54. Newmont had a net margin of 17.92% and a return on equity of 13.52%. The business had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.82 billion. On average, equities analysts predict that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Tuesday, May 27th. Newmont's dividend payout ratio is currently 34.13%.

Insider Buying and Selling

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $89,082.53. Following the completion of the sale, the director now directly owns 49,993 shares in the company, valued at $2,144,199.77. This represents a 3.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Natascha Viljoen sold 9,000 shares of Newmont stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $386,010.00. Following the transaction, the chief operating officer now owns 136,967 shares in the company, valued at $5,874,514.63. This trade represents a 6.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,154 shares of company stock valued at $825,678. 0.05% of the stock is owned by company insiders.

Analyst Ratings Changes

NEM has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price objective on shares of Newmont from $51.00 to $52.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. Scotiabank reissued a "sector perform" rating on shares of Newmont in a research note on Monday, April 14th. TD Securities dropped their price objective on shares of Newmont from $46.00 to $45.00 and set a "hold" rating for the company in a research report on Wednesday, February 26th. National Bank Financial raised Newmont to a "hold" rating in a report on Friday, March 21st. Finally, The Goldman Sachs Group initiated coverage on Newmont in a research note on Monday, January 13th. They issued a "buy" rating and a $47.20 target price for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Newmont currently has an average rating of "Moderate Buy" and a consensus target price of $55.40.

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.

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