Systrade AG Purchases New Shares in Newmont Co. (NYSE:NEM)

Systrade AG purchased a new stake in Newmont Co. (NYSE:NEM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 101,000 shares of the basic materials company's stock, valued at approximately $3,759,000. Newmont makes up approximately 6.1% of Systrade AG's investment portfolio, making the stock its 3rd biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heathbridge Capital Management Ltd. increased its holdings in shares of Newmont by 2.0% during the third quarter. Heathbridge Capital Management Ltd. now owns 10,300 shares of the basic materials company's stock worth $551,000 after purchasing an additional 200 shares during the period. E. Ohman J or Asset Management AB boosted its stake in shares of Newmont by 0.4% in the 3rd quarter. E. Ohman J or Asset Management AB now owns 47,942 shares of the basic materials company's stock valued at $2,562,000 after purchasing an additional 200 shares during the last quarter. Fulton Bank N.A. grew its stake in Newmont by 1.5% during the third quarter. Fulton Bank N.A. now owns 15,188 shares of the basic materials company's stock worth $812,000 after purchasing an additional 221 shares during the period. Carmel Capital Partners LLC grew its holdings in Newmont by 4.5% in the third quarter. Carmel Capital Partners LLC now owns 5,221 shares of the basic materials company's stock worth $279,000 after purchasing an additional 226 shares during the period. Finally, Good Life Advisors LLC grew its stake in Newmont by 4.6% in the third quarter. Good Life Advisors LLC now owns 5,182 shares of the basic materials company's stock valued at $277,000 after acquiring an additional 229 shares during the period. 68.85% of the stock is owned by institutional investors.

Newmont Price Performance

Shares of Newmont stock traded up $0.07 during trading on Monday, hitting $41.72. 7,285,053 shares of the company were exchanged, compared to its average volume of 8,329,923. The firm has a 50 day moving average price of $40.29 and a 200 day moving average price of $46.89. Newmont Co. has a fifty-two week low of $29.42 and a fifty-two week high of $58.72. The stock has a market capitalization of $47.50 billion, a price-to-earnings ratio of -27.45, a P/E/G ratio of 0.31 and a beta of 0.50. 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 (NYSE:NEM - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.05). The business had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.67 billion. Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The firm's revenue for the quarter was up 84.7% compared to the same quarter last year. During the same period last year, the company posted $0.36 EPS. On average, equities analysts expect that Newmont Co. will post 3.12 earnings per share for the current fiscal year.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, November 27th were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.00 annualized dividend and a yield of 2.40%. Newmont's dividend payout ratio is presently -65.79%.

Insider Buying and Selling

In other news, Director Harry M. Iv Conger purchased 9,498 shares of the business's stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of $42.15 per share, with a total value of $400,340.70. Following the acquisition, the director now directly owns 14,498 shares in the company, valued at approximately $611,090.70. The trade was a 189.96 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $120,000.00. Following the completion of the transaction, the executive vice president now owns 82,596 shares in the company, valued at approximately $3,303,840. This trade represents a 3.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,077 shares of company stock valued at $563,080 over the last quarter. Corporate insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NEM shares. CIBC lowered shares of Newmont from a "sector outperform" rating to a "neutral" rating in a research report on Monday, October 28th. UBS Group cut Newmont from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $67.00 to $54.00 in a research note on Wednesday, October 30th. Veritas raised Newmont to a "strong-buy" rating in a report on Monday, September 30th. Royal Bank of Canada lowered their price objective on Newmont from $54.00 to $53.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 24th. Finally, Bernstein Bank lifted their price target on shares of Newmont from $55.00 to $58.00 in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $53.80.

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.