Wilkins Investment Counsel Inc. Sells 5,186 Shares of Newmont Co. (NYSE:NEM)

Wilkins Investment Counsel Inc. decreased its position in Newmont Co. (NYSE:NEM) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 601,447 shares of the basic materials company’s stock after selling 5,186 shares during the period. Newmont comprises approximately 3.2% of Wilkins Investment Counsel Inc.’s portfolio, making the stock its 5th biggest holding. Wilkins Investment Counsel Inc. owned 0.05% of Newmont worth $22,386,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Avior Wealth Management LLC boosted its stake in shares of Newmont by 191.8% during the third quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 326 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Newmont during the third quarter valued at $28,000. McIlrath & Eck LLC boosted its stake in shares of Newmont by 80.6% during the third quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 361 shares during the last quarter. HHM Wealth Advisors LLC boosted its stake in shares of Newmont by 66.0% during 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 last quarter. Finally, Promus Capital LLC acquired a new stake in shares of Newmont during the fourth quarter valued at $38,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Activity

In other Newmont news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total transaction of $131,130.00. Following the completion of the sale, the executive vice president now owns 86,526 shares in the company, valued at $3,782,051.46. This trade represents a 3.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Natascha Viljoen sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $360,000.00. Following the sale, the chief operating officer now owns 145,967 shares of the company’s stock, valued at approximately $5,838,680. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,231 shares of company stock worth $1,388,758. 0.06% of the stock is currently owned by corporate insiders.

Newmont Price Performance

NEM stock opened at $48.00 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. Newmont Co. has a 1 year low of $33.29 and a 1 year high of $58.72. The firm has a market cap of $54.09 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54. The stock has a 50-day simple moving average of $43.76 and a 200-day simple moving average of $45.66.

Newmont (NYSE:NEM) last posted its earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.29. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The business had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.32 billion. On average, equities analysts predict that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.08%. Newmont’s dividend payout ratio (DPR) is currently 34.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NEM shares. TD Securities reduced their target price on Newmont from $46.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, February 26th. Raymond James reduced their target price on Newmont from $62.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, November 25th. Scotiabank reduced their target price on Newmont from $52.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 21st. The Goldman Sachs Group started coverage on Newmont in a research report on Monday, January 13th. They set a “buy” rating and a $47.20 target price on the stock. Finally, StockNews.com upgraded Newmont from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Newmont presently has an average rating of “Moderate Buy” and an average price target of $53.16.

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.