Savant Capital LLC Has $250,000 Stock Holdings in Newmont Co. (NYSE:NEM)

Savant Capital LLC raised its stake in Newmont Co. (NYSE:NEM) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,028 shares of the basic materials company’s stock after buying an additional 612 shares during the quarter. Savant Capital LLC’s holdings in Newmont were worth $250,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NEM. Van ECK Associates Corp increased its stake in Newmont by 57.2% in the 4th quarter. Van ECK Associates Corp now owns 51,290,469 shares of the basic materials company’s stock valued at $2,122,913,000 after buying an additional 18,664,614 shares during the period. Vanguard Group Inc. increased its stake in Newmont by 17.6% in the 3rd quarter. Vanguard Group Inc. now owns 82,578,928 shares of the basic materials company’s stock valued at $3,051,291,000 after buying an additional 12,360,775 shares during the period. Ameriprise Financial Inc. increased its stake in Newmont by 61.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,323,572 shares of the basic materials company’s stock valued at $196,706,000 after buying an additional 2,019,591 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Newmont by 36.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,272,175 shares of the basic materials company’s stock valued at $135,435,000 after buying an additional 868,804 shares during the period. Finally, California Public Employees Retirement System increased its stake in Newmont by 14.3% in the 4th quarter. California Public Employees Retirement System now owns 5,362,838 shares of the basic materials company’s stock valued at $221,968,000 after buying an additional 671,110 shares during the period. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Price Performance

NYSE NEM opened at $41.40 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 2.15 and a debt-to-equity ratio of 0.32. Newmont Co. has a 1 year low of $29.42 and a 1 year high of $49.08. The company has a fifty day simple moving average of $36.62 and a 200 day simple moving average of $36.99.

Newmont (NYSE:NEM) last issued its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.20. Newmont had a negative net margin of 20.19% and a positive return on equity of 6.88%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the prior year, the firm earned $0.40 EPS. The business’s revenue was up 50.2% on a year-over-year basis. On average, equities analysts expect that Newmont Co. will post 2.32 EPS for the current fiscal year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Tuesday, June 4th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Tuesday, June 4th. Newmont’s dividend payout ratio (DPR) is presently -37.45%.

Analysts Set New Price Targets

Several analysts have commented on the stock. BMO Capital Markets decreased their target price on shares of Newmont from $56.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. StockNews.com raised shares of Newmont from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. National Bank Financial downgraded shares of Newmont from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Tuesday, April 30th. TD Securities boosted their target price on shares of Newmont from $43.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada decreased their target price on shares of Newmont from $45.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, February 8th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Newmont has an average rating of “Moderate Buy” and an average price target of $48.35.

Newmont Company 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.