Newmont Co. (NYSE:NEM) Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its holdings in Newmont Co. (NYSE:NEM - Free Report) by 36.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 92,150 shares of the basic materials company's stock after purchasing an additional 24,593 shares during the quarter. UniSuper Management Pty Ltd's holdings in Newmont were worth $3,430,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NEM. Confluence Investment Management LLC grew its holdings in Newmont by 2.4% during the 4th quarter. Confluence Investment Management LLC now owns 11,788 shares of the basic materials company's stock valued at $439,000 after purchasing an additional 281 shares during the last quarter. Howard Capital Management Inc. grew its stake in shares of Newmont by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 5,653 shares of the basic materials company's stock valued at $210,000 after buying an additional 292 shares during the last quarter. Intact Investment Management Inc. lifted its stake in shares of Newmont by 21.4% during the 4th quarter. Intact Investment Management Inc. now owns 1,700 shares of the basic materials company's stock worth $63,000 after acquiring an additional 300 shares during the last quarter. Fiduciary Financial Group LLC increased its stake in Newmont by 3.6% in the fourth quarter. Fiduciary Financial Group LLC now owns 8,654 shares of the basic materials company's stock worth $338,000 after purchasing an additional 303 shares during the period. Finally, Conning Inc. boosted its position in Newmont by 6.0% during the fourth quarter. Conning Inc. now owns 5,460 shares of the basic materials company's stock valued at $203,000 after purchasing an additional 311 shares in the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

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Newmont Trading Up 0.5 %

NYSE NEM traded up $0.25 during trading hours on Wednesday, reaching $48.54. The company had a trading volume of 4,012,730 shares, compared to its average volume of 9,674,721. Newmont Co. has a 1-year low of $36.44 and a 1-year high of $58.72. The stock has a market capitalization of $54.71 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54. The stock has a 50-day moving average of $45.03 and a 200 day moving average of $45.35. 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 posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $1.40 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $5.32 billion. As a group, research analysts anticipate that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.00 annualized dividend and a dividend yield of 2.06%. Newmont's dividend payout ratio is currently 34.13%.

Analyst Ratings Changes

Several research firms have commented on NEM. The Goldman Sachs Group began coverage on shares of Newmont in a research report on Monday, January 13th. They set a "buy" rating and a $47.20 price target for the company. StockNews.com upgraded shares of Newmont from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. TD Securities reduced their price target on Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a research report on Wednesday, February 26th. Royal Bank of Canada raised their price objective on Newmont from $47.00 to $52.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 11th. Finally, Scotiabank reduced their target price on Newmont from $52.00 to $50.00 and set a "sector perform" rating on the stock in a research report on Tuesday, January 21st. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.16.

Insider Activity at Newmont

In other news, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total value of $90,785.67. Following the transaction, the director now owns 47,916 shares of the company's stock, valued at approximately $2,094,408.36. The trade was a 4.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 directly owns 82,596 shares of the company's stock, valued at $3,303,840. The trade was a 3.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,231 shares of company stock valued at $1,388,758 over the last three months. 0.05% of the stock is owned by corporate insiders.

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.