Te Ahumairangi Investment Management Ltd Sells 9,550 Shares of Newmont Co. (NYSE:NEM)

Te Ahumairangi Investment Management Ltd decreased its stake in Newmont Co. (NYSE:NEM - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,168 shares of the basic materials company's stock after selling 9,550 shares during the quarter. Te Ahumairangi Investment Management Ltd's holdings in Newmont were worth $4,473,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC boosted its stake in shares of Newmont by 117.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 34,686 shares of the basic materials company's stock valued at $1,854,000 after purchasing an additional 18,722 shares in the last quarter. Nordea Investment Management AB boosted its position in Newmont by 173.0% in the fourth quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company's stock valued at $92,832,000 after buying an additional 1,578,545 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Newmont by 57.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,379,901 shares of the basic materials company's stock worth $88,580,000 after buying an additional 865,213 shares during the last quarter. Brookstone Capital Management acquired a new stake in shares of Newmont during the fourth quarter worth approximately $245,000. Finally, Moody National Bank Trust Division raised its stake in shares of Newmont by 13.6% in the fourth quarter. Moody National Bank Trust Division now owns 22,079 shares of the basic materials company's stock valued at $822,000 after acquiring an additional 2,645 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors.

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Insider Transactions at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $120,000.00. Following the sale, the executive vice president now owns 82,596 shares of the company's stock, valued at $3,303,840. This trade represents a 3.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Natascha Viljoen sold 9,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 145,967 shares of the company's stock, valued at $5,838,680. This represents a 5.81 % 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 over the last three months. 0.05% of the stock is currently owned by corporate insiders.

Newmont Trading Down 0.7 %

NYSE NEM traded down $0.35 on Thursday, reaching $48.38. The company had a trading volume of 17,425,238 shares, compared to its average volume of 9,680,573. Newmont Co. has a 52 week low of $36.60 and a 52 week high of $58.72. The stock's 50 day moving average is $45.30 and its 200-day moving average is $45.39. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. The stock has a market cap of $54.53 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.41 and a beta of 0.54.

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

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th were issued a $0.25 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.00 annualized dividend and a yield of 2.07%. Newmont's dividend payout ratio (DPR) is presently 34.13%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. StockNews.com raised Newmont from a "hold" rating to a "buy" rating in a report on Monday, February 24th. National Bank Financial raised Newmont to a "hold" rating in a report on Friday, March 21st. Scotiabank reduced their price target on shares of Newmont from $52.00 to $50.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 21st. Royal Bank of Canada raised their price objective on shares of Newmont from $47.00 to $52.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group started coverage on shares of Newmont in a research note on Monday, January 13th. They set a "buy" rating and a $47.20 price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $53.16.

Newmont Company 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.