Newmont Co. (NYSE:NEM) Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd raised its stake in Newmont Co. (NYSE:NEM - Free Report) by 190.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,923 shares of the basic materials company's stock after acquiring an additional 45,196 shares during the period. Vinva Investment Management Ltd's holdings in Newmont were worth $3,715,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of NEM. Heathbridge Capital Management Ltd. grew its holdings in Newmont by 2.0% during the 3rd quarter. Heathbridge Capital Management Ltd. now owns 10,300 shares of the basic materials company's stock valued at $551,000 after purchasing an additional 200 shares during the last quarter. E. Ohman J or Asset Management AB grew its holdings in Newmont by 0.4% during 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 holdings in Newmont by 1.5% during the 3rd quarter. Fulton Bank N.A. now owns 15,188 shares of the basic materials company's stock valued at $812,000 after purchasing an additional 221 shares during the last quarter. Carmel Capital Partners LLC grew its holdings in Newmont by 4.5% during the 3rd quarter. Carmel Capital Partners LLC now owns 5,221 shares of the basic materials company's stock valued at $279,000 after purchasing an additional 226 shares during the last quarter. Finally, Good Life Advisors LLC grew its holdings in Newmont by 4.6% during the 3rd quarter. Good Life Advisors LLC now owns 5,182 shares of the basic materials company's stock valued at $277,000 after purchasing an additional 229 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NEM has been the subject of several research reports. Veritas raised shares of Newmont to a "strong-buy" rating in a research report on Monday, September 30th. CLSA initiated coverage on shares of Newmont in a research report on Friday. They issued an "underperform" rating for the company. Scotiabank cut shares of Newmont from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the company from $59.00 to $55.00 in a research report on Friday, October 25th. CIBC cut shares of Newmont from a "sector outperform" rating to a "neutral" rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. raised shares of Newmont from a "neutral" rating to an "overweight" rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Newmont presently has an average rating of "Moderate Buy" and an average price target of $54.31.

Insider Activity at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $53.81, for a total transaction of $161,430.00. Following the transaction, the executive vice president now owns 91,596 shares in the company, valued at approximately $4,928,780.76. This represents a 3.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Ronald Palmer sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $53.81, for a total transaction of $1,076,200.00. Following the transaction, the chief executive officer now owns 271,469 shares in the company, valued at $14,607,746.89. The trade was a 6.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,000 shares of company stock valued at $2,444,440 over the last 90 days. Insiders own 0.06% of the company's stock.

Newmont Stock Down 0.2 %

NYSE:NEM traded down $0.08 during midday trading on Friday, reaching $41.96. 6,192,863 shares of the stock traded hands, compared to its average volume of 10,502,084. Newmont Co. has a 12-month low of $29.42 and a 12-month high of $58.72. The business has a 50-day moving average of $49.09 and a two-hundred day moving average of $47.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The stock has a market capitalization of $47.77 billion, a PE ratio of -27.61, a price-to-earnings-growth ratio of 0.36 and a beta of 0.51.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.05). Newmont had a negative net margin of 7.03% and a positive return on equity of 9.80%. The firm had revenue of $4.61 billion for the quarter, compared to analysts' expectations of $4.67 billion. During the same period in the previous year, the company earned $0.36 EPS. The company's revenue was up 84.7% on a year-over-year basis. On average, equities analysts forecast that Newmont Co. will post 3.08 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, November 27th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.00 dividend on an annualized basis and a yield of 2.38%. Newmont's payout ratio is -65.79%.

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.