Newmont Co. (NYSE:NEM) Stock Position Decreased by Captrust Financial Advisors

Captrust Financial Advisors lowered its stake in Newmont Co. (NYSE:NEM) by 17.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 64,285 shares of the basic materials company’s stock after selling 13,254 shares during the quarter. Captrust Financial Advisors’ holdings in Newmont were worth $2,393,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. HHM Wealth Advisors LLC boosted its position in shares of Newmont by 66.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 350 shares during the period. Redwood Park Advisors LLC bought a new position in Newmont during the 4th quarter valued at about $37,000. Promus Capital LLC bought a new position in Newmont in the 4th quarter valued at $38,000. Kestra Investment Management LLC bought a new position in shares of Newmont in the fourth quarter worth about $43,000. Finally, Assetmark Inc. raised its position in shares of Newmont by 185.9% during the fourth quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 820 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

Newmont Stock Performance

Shares of NEM stock opened at $53.93 on Monday. The business’s 50-day moving average price is $49.69 and its 200-day moving average price is $44.88. Newmont Co. has a 12 month low of $36.86 and a 12 month high of $58.72. 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 firm has a market capitalization of $60.02 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 0.41 and a beta of 0.31.

Newmont (NYSE:NEM) last announced its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, topping the consensus estimate of $0.71 by $0.54. The firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.82 billion. Newmont had a return on equity of 13.52% and a net margin of 17.92%. During the same period in the previous year, the business earned $0.55 EPS. Equities research analysts forecast that Newmont Co. will post 3.45 EPS for the current year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.00 annualized dividend and a dividend yield of 1.85%. Newmont’s payout ratio is 22.42%.

Insider Activity

In other Newmont news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $131,130.00. Following the transaction, the executive vice president now owns 86,526 shares in the company, valued at approximately $3,782,051.46. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $51.48, for a total value of $106,923.96. Following the transaction, the director now owns 47,257 shares of the company’s stock, valued at $2,432,790.36. This trade represents a 4.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,154 shares of company stock worth $328,840 in the last quarter. 0.05% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NEM shares. StockNews.com raised Newmont from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. The Goldman Sachs Group started coverage on Newmont in a research note on Monday, January 13th. They issued a “buy” rating and a $47.20 price target on the stock. UBS Group raised shares of Newmont from a “neutral” rating to a “buy” rating and raised their target price for the company from $50.00 to $60.00 in a research report on Friday, April 11th. National Bank Financial upgraded Newmont to a “hold” rating in a research note on Friday, March 21st. Finally, Raymond James reissued an “outperform” rating and set a $66.00 price target on shares of Newmont in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $55.63.

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.