Newmont Co. (NYSE:NEM) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC raised its stake in shares of Newmont Co. (NYSE:NEM - Free Report) by 233.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,217 shares of the basic materials company's stock after acquiring an additional 54,081 shares during the quarter. Virtu Financial LLC's holdings in Newmont were worth $2,874,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC grew its stake in Newmont by 117.3% during 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 during the last quarter. Nordea Investment Management AB boosted its holdings 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 purchasing an additional 1,578,545 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Newmont by 57.1% during 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 purchasing an additional 865,213 shares during the period. Brookstone Capital Management acquired a new position in shares of Newmont in the 4th quarter valued at about $245,000. Finally, Moody National Bank Trust Division raised its position in Newmont by 13.6% during 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 in the last quarter. Hedge funds and other institutional investors own 68.85% of the company's stock.

Remove Ads

Newmont Trading Up 2.1 %

Newmont stock traded up $0.99 during midday trading on Thursday, hitting $48.38. 11,012,482 shares of the stock were exchanged, compared to its average volume of 9,367,726. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $54.53 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.41 and a beta of 0.54. The stock's 50-day simple moving average is $44.52 and its 200 day simple moving average is $45.50. Newmont Co. has a fifty-two week low of $34.18 and a fifty-two week high of $58.72.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.11 by $0.29. The firm 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%. On average, equities analysts anticipate that Newmont Co. will post 3.45 EPS for the current year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Tuesday, March 4th. Newmont's dividend payout ratio is presently 34.13%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NEM. Royal Bank of Canada boosted their target price on shares of Newmont from $47.00 to $52.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 11th. National Bank Financial upgraded Newmont to a "hold" rating in a research report on Friday, March 21st. The Goldman Sachs Group started coverage on Newmont in a research report on Monday, January 13th. They set a "buy" rating and a $47.20 price target on the stock. StockNews.com upgraded Newmont from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. Finally, TD Securities decreased their target price on Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Newmont has an average rating of "Moderate Buy" and an average price target of $53.16.

Insider Buying and Selling

In other Newmont news, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $120,000.00. Following the completion of the transaction, the executive vice president now owns 82,596 shares in the company, valued at $3,303,840. The trade was a 3.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction on Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $83,080.00. Following the completion of the transaction, the director now owns 52,070 shares of the company's stock, valued at approximately $2,082,800. This trade represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,231 shares of company stock valued at $1,388,758. 0.06% of the stock is currently owned by insiders.

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.