Newmont Co. (NYSE:NEM) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC trimmed its stake in shares of Newmont Co. (NYSE:NEM - Free Report) by 22.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,606 shares of the basic materials company's stock after selling 4,968 shares during the period. United Capital Financial Advisors LLC's holdings in Newmont were worth $655,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NEM. Nordea Investment Management AB raised its position in Newmont by 173.0% during the fourth quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company's stock worth $92,832,000 after acquiring an additional 1,578,545 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Newmont by 57.1% in the 4th 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 Newmont during the fourth quarter worth about $245,000. Moody National Bank Trust Division boosted its holdings in Newmont by 13.6% in the 4th quarter. Moody National Bank Trust Division now owns 22,079 shares of the basic materials company's stock valued at $822,000 after purchasing an additional 2,645 shares during the last quarter. Finally, Avanza Fonder AB purchased a new stake in shares of Newmont in the 4th quarter valued at approximately $4,269,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Newmont

In other news, Director Bruce R. Brook sold 2,077 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $42.89, for a total transaction of $89,082.53. Following the completion of the transaction, the director now directly owns 49,993 shares of the company's stock, valued at approximately $2,144,199.77. This represents a 3.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $43.71, for a total value of $131,130.00. Following the sale, the executive vice president now directly owns 86,526 shares in the company, valued at $3,782,051.46. This trade represents a 3.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,154 shares of company stock valued at $825,678. Insiders own 0.05% of the company's stock.

Newmont Stock Down 1.6 %

NYSE:NEM traded down $0.87 during midday trading on Friday, reaching $55.08. The company had a trading volume of 14,364,376 shares, compared to its average volume of 9,878,623. The stock's fifty day simple moving average is $47.14 and its 200-day simple moving average 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 Co. has a 12-month low of $36.60 and a 12-month high of $58.72. The firm has a market capitalization of $62.08 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 0.41 and a beta of 0.54.

Newmont (NYSE:NEM - Get Free Report) last announced 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. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The business had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.32 billion. On average, sell-side analysts anticipate that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently commented on NEM. UBS Group upgraded Newmont from a "neutral" rating to a "buy" rating and upped their price objective for the company from $50.00 to $60.00 in a report on Friday, April 11th. The Goldman Sachs Group assumed coverage on shares of Newmont in a report on Monday, January 13th. They issued a "buy" rating and a $47.20 price objective on the stock. Scotiabank reaffirmed a "sector perform" rating on shares of Newmont in a research note on Monday, April 14th. BMO Capital Markets started coverage on shares of Newmont in a research note on Wednesday. They issued an "outperform" rating and a $63.00 price target on the stock. Finally, StockNews.com raised shares of Newmont from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Newmont has an average rating of "Moderate Buy" and a consensus price target of $55.02.

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.