Townsquare Capital LLC Increases Stock Holdings in Newmont Co. (NYSE:NEM)

Townsquare Capital LLC raised its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 31.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,613 shares of the basic materials company's stock after purchasing an additional 7,314 shares during the period. Townsquare Capital LLC's holdings in Newmont were worth $1,139,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its holdings in Newmont by 4.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 404,700 shares of the basic materials company's stock worth $15,063,000 after buying an additional 19,042 shares during the period. Sterling Capital Management LLC grew its position in shares of Newmont by 1,532.6% in the fourth quarter. Sterling Capital Management LLC now owns 84,193 shares of the basic materials company's stock valued at $3,134,000 after purchasing an additional 79,036 shares in the last quarter. Argent Trust Co raised its stake in shares of Newmont by 61.7% during the 4th quarter. Argent Trust Co now owns 42,169 shares of the basic materials company's stock valued at $1,570,000 after purchasing an additional 16,094 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Newmont by 2.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 697,005 shares of the basic materials company's stock worth $25,943,000 after purchasing an additional 18,860 shares in the last quarter. Finally, Redwood Park Advisors LLC purchased a new position in Newmont during the 4th quarter valued at about $37,000. 68.85% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $89,082.53. Following the sale, the director now owns 49,993 shares of the company's stock, valued at approximately $2,144,199.77. This trade represents a 3.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $128,670.00. Following the completion of the transaction, the executive vice president now owns 79,596 shares in the company, valued at $3,413,872.44. The trade was a 3.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,154 shares of company stock worth $825,678 over the last 90 days. 0.05% of the stock is currently owned by corporate insiders.

Newmont Trading Down 1.6 %

Shares of Newmont stock traded down $0.87 on Friday, hitting $55.08. 14,364,376 shares of the company traded hands, compared to its average volume of 9,878,623. Newmont Co. has a 52 week low of $36.60 and a 52 week high of $58.72. The company has a market cap of $62.08 billion, a PE ratio of 18.80, a PEG ratio of 0.41 and a beta of 0.54. The stock's 50 day moving average price is $47.14 and its 200-day moving average price is $45.07. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30.

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

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 4th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.00 annualized dividend and a yield of 1.82%. Newmont's dividend payout ratio (DPR) is 34.13%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NEM. StockNews.com upgraded shares of Newmont from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. National Bank Financial raised Newmont to a "hold" rating in a report on Friday, March 21st. TD Securities reduced their price objective on Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a research report on Wednesday, February 26th. Raymond James boosted their price target on shares of Newmont from $54.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Finally, Royal Bank of Canada raised their target price 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Newmont has a consensus rating of "Moderate Buy" and an average target price of $55.02.

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.