iSAM Funds UK Ltd Has $498,000 Stock Position in Newmont Co. (NYSE:NEM)

iSAM Funds UK Ltd decreased its holdings in Newmont Co. (NYSE:NEM) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,387 shares of the basic materials company’s stock after selling 2,821 shares during the quarter. iSAM Funds UK Ltd’s holdings in Newmont were worth $498,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

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

Newmont Price Performance

Shares of NYSE NEM opened at $50.91 on Tuesday. The firm’s 50-day moving average price is $50.48 and its 200-day moving average price is $45.00. Newmont Co. has a 1-year low of $36.86 and a 1-year high of $58.72. The firm has a market capitalization of $56.66 billion, a P/E ratio of 17.38, a P/E/G ratio of 0.41 and a beta of 0.31. 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 (NYSE:NEM) last posted its earnings results 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 net margin of 17.92% and a return on equity of 13.52%. The company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same quarter in the prior year, the business posted $0.55 EPS. Equities research analysts anticipate that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

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 issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.96%. Newmont’s dividend payout ratio is presently 22.42%.

Analysts Set New Price Targets

Several brokerages recently weighed in on NEM. UBS Group raised shares of Newmont from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $50.00 to $60.00 in a research note on Friday, April 11th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Newmont in a research report on Thursday, April 24th. Raymond James reaffirmed an “outperform” rating and set a $66.00 price target on shares of Newmont in a research report on Friday, April 25th. National Bank Financial raised shares of Newmont to a “hold” rating in a research report on Friday, March 21st. Finally, Argus set a $63.00 price target on shares of Newmont in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.52.

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.