Newmont Co. (NYSE:NEM) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in shares of Newmont Co. (NYSE:NEM) by 1.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 152,245 shares of the basic materials company’s stock after selling 1,819 shares during the period. Yousif Capital Management LLC’s holdings in Newmont were worth $7,350,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Newmont by 15.7% in the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock valued at $506,000 after buying an additional 1,847 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Newmont in the 4th quarter valued at $7,508,000. Stratos Wealth Partners LTD. lifted its stake in shares of Newmont by 53.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 13,918 shares of the basic materials company’s stock worth $518,000 after purchasing an additional 4,852 shares during the period. Entropy Technologies LP acquired a new stake in shares of Newmont during the fourth quarter worth $290,000. Finally, Kestra Private Wealth Services LLC grew its position in shares of Newmont by 5.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 40,429 shares of the basic materials company’s stock valued at $1,505,000 after purchasing an additional 1,925 shares during the period. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Wall Street Analyst Weigh In

NEM has been the topic of several recent analyst reports. Raymond James reiterated an “outperform” rating and set a $66.00 target price on shares of Newmont in a research report on Friday, April 25th. TD Securities dropped their price objective on shares of Newmont from $46.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, February 26th. UBS Group upgraded shares of Newmont from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $60.00 in a report on Friday, April 11th. National Bankshares restated a “sector perform” rating on shares of Newmont in a report on Wednesday, April 23rd. Finally, National Bank Financial raised shares of Newmont to a “hold” rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.68.

Insider Activity at Newmont

In related news, Director Bruce R. Brook sold 2,077 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were 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 directly owns 47,257 shares of the company’s stock, valued at approximately $2,432,790.36. This trade represents a 4.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $54.09, for a total transaction of $162,270.00. Following the completion of the transaction, the executive vice president now owns 77,526 shares in the company, valued at $4,193,381.34. This represents a 3.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,154 shares of company stock worth $381,539. 0.05% of the stock is currently owned by company insiders.

Newmont Price Performance

Newmont stock opened at $53.28 on Thursday. The firm has a fifty day moving average of $52.51 and a 200-day moving average of $46.18. Newmont Co. has a 52-week low of $36.86 and a 52-week high of $58.72. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $59.30 billion, a P/E ratio of 18.18, a PEG ratio of 0.41 and a beta of 0.31.

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

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.88%. Newmont’s dividend payout ratio (DPR) is currently 22.42%.

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.