Newmont Co. (NYSE:NEM) Shares Sold by Becker Capital Management Inc.

Becker Capital Management Inc. decreased its position in shares of Newmont Co. (NYSE:NEM) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 610,658 shares of the basic materials company’s stock after selling 8,521 shares during the quarter. Becker Capital Management Inc. owned 0.05% of Newmont worth $22,729,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. McIlrath & Eck LLC grew its position in shares of Newmont by 80.6% in the third quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 361 shares during the period. HHM Wealth Advisors LLC grew its stake in shares of Newmont by 66.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company’s stock valued at $33,000 after buying an additional 350 shares during the period. Redwood Park Advisors LLC purchased a new stake in shares of Newmont in the 4th quarter valued at approximately $37,000. Promus Capital LLC purchased a new stake in shares of Newmont in the 4th quarter valued at approximately $38,000. Finally, Kestra Investment Management LLC purchased a new position in shares of Newmont during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Analyst Ratings Changes

NEM has been the subject of a number of research analyst reports. Raymond James reaffirmed an “outperform” rating and set a $66.00 price objective on shares of Newmont in a research report on Friday. National Bankshares reaffirmed a “sector perform” rating on shares of Newmont in a research report on Wednesday, April 23rd. StockNews.com upgraded shares of Newmont from a “hold” rating to a “buy” rating in a report on Monday, February 24th. Argus set a $63.00 target price on shares of Newmont in a report on Friday. Finally, The Goldman Sachs Group assumed coverage on shares of Newmont in a report on Monday, January 13th. They set a “buy” rating and a $47.20 target price on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.63.

Insider Buying and Selling

In other news, Director Bruce R. Brook sold 2,077 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total transaction of $90,785.67. Following the completion of the sale, the director now directly owns 47,916 shares in the company, valued at $2,094,408.36. This represents a 4.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Natascha Viljoen sold 9,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $386,010.00. Following the sale, the chief operating officer now directly owns 136,967 shares of the company’s stock, valued at approximately $5,874,514.63. This trade represents a 6.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,154 shares of company stock valued at $825,678. Corporate insiders own 0.05% of the company’s stock.

Newmont Stock Down 2.1 %

Newmont stock opened at $52.95 on Wednesday. Newmont Co. has a twelve month low of $36.86 and a twelve month high of $58.72. The stock has a 50 day moving average of $48.12 and a two-hundred day moving average of $45.12. 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 $59.69 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 0.41 and a beta of 0.54.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.54. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The company had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period last year, the firm earned $0.55 EPS. As a group, research analysts expect that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.89%. Newmont’s dividend payout ratio (DPR) is presently 22.42%.

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.